In yesterday’s Wall Street session, MicroVision Inc. (NASDAQ:MVIS) shares traded at $3.85, down -5.87% from the previous session.
1 analysts cover MicroVision Inc. (NASDAQ:MVIS), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $4.00 and a low of $4.00, we find $4.00. Given the previous closing price of $4.09, this indicates a potential downside of -2.2 percent. MVIS stock price is now -10.61% away from the 50-day moving average and 23.60% away from the 200-day moving average. The market capitalization of the company currently stands at $717.29M.
The stock has received a hold rating from 1 analysts and a buy rating from 0. Brokers who have rated the stock have averaged $4.00 as their price target over the next twelve months.
With the price target of $5, Cantor Fitzgerald recently initiated with Neutral rating for MicroVision Inc. (NASDAQ: MVIS).
Insiders disposed of 93,578 shares of company stock worth roughly $0.36 million over the past 1 year. A total of 0.40% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in MVIS stock. A new stake in MicroVision Inc. shares was purchased by HRT FINANCIAL LP during the first quarter worth $1,848,000. BOULDER HILL CAPITAL MANAGEMENT LP invested $804,000 in shares of MVIS during the first quarter. In the first quarter, VERITION FUND MANAGEMENT LLC acquired a new stake in MicroVision Inc. valued at approximately $446,000. QUADRATURE CAPITAL LTD acquired a new stake in MVIS for approximately $268,000. GROUP ONE TRADING, L.P. purchased a new stake in MVIS valued at around $205,000 in the second quarter. In total, there are 204 active investors with 30.80% ownership of the company’s stock.
On Thursday morning MicroVision Inc. (NASDAQ: MVIS) stock kicked off with the opening price of $4.0000. During the past 12 months, MicroVision Inc. has had a low of $1.82 and a high of $8.20. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 3.50, and a quick ratio of 3.30. The fifty day moving average price for MVIS is $4.3372 and a two-hundred day moving average price translates $3.1160 for the stock.
The latest earnings results from MicroVision Inc. (NASDAQ: MVIS) was released for Mar, 2023. According to the Scientific & Technical Instruments Company, earnings per share came in at -$0.11, inline with analysts’ expectations of -$0.11. This compares to -$0.08 EPS in the same period last year. The company reported revenue of $0.78 million for the quarter, compared to $0.35 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 123.43 percent. For the current quarter, analysts expect MVIS to generate $800k in revenue.
MicroVision Inc.(MVIS) Company Profile
MicroVision, Inc. develops and sells lidar sensors used in automotive safety and autonomous driving applications. Its laser beam scanning technology is based on micro-electrical mechanical systems (MEMS), laser diodes, opto-mechanics, electronics, algorithms, and software. The company also develops micro-display concepts and designs for head-mounted augmented reality (AR) headsets, as well as 1440i MEMS module supporting AR headsets; interactive display solutions for the smart speakers market; and Consumer Lidar used in smart home systems. In addition, it develops 1st Generation LRL module. The company sells its products primarily to original equipment manufacturers and original design manufacturers. MicroVision, Inc. was founded in 1993 and is headquartered in Redmond, Washington.
