Microvision, Inc. (MVIS) Upgraded at Zacks Investment Research

Microvision, Inc. (NASDAQ:MVIS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Tuesday. The brokerage currently has a $3.00 price objective on the electronics maker’s stock. Zacks Investment Research‘s price target suggests a potential upside of 16.28% from the company’s current price.

According to Zacks, “Microvision, Inc. develops information display and related technologies that allow electronically generated images and information to be projected onto a viewer’s eye. They defined three distinct business platforms relating to the delivery of images and information in this manner: Retinal Scanning Displays, Imaging Solutions, Optical Material technology. “

Several other analysts have also recently commented on the stock. HC Wainwright restated a “buy” rating and set a $3.50 price target on shares of Microvision in a report on Thursday, September 14th. Northland Securities set a $3.00 price target on shares of Microvision and gave the stock a “buy” rating in a report on Friday, August 4th. Finally, ValuEngine upgraded shares of Microvision from a “sell” rating to a “hold” rating in a research note on Friday, July 28th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $3.50.

Microvision (NASDAQ:MVIS) opened at 2.58 on Tuesday. Microvision has a 1-year low of $0.89 and a 1-year high of $3.25. The stock’s market cap is $184.72 million. The firm’s 50-day moving average is $2.59 and its 200-day moving average is $2.31.

Microvision (NASDAQ:MVIS) last posted its quarterly earnings results on Thursday, August 3rd. The electronics maker reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.02. The business had revenue of $1.50 million during the quarter, compared to analysts’ expectations of $0.74 million. Microvision had a negative net margin of 224.93% and a negative return on equity of 677.56%. The firm’s quarterly revenue was down 64.3% compared to the same quarter last year. During the same period last year, the company posted ($0.07) earnings per share. On average, analysts forecast that Microvision will post ($0.29) EPS for the current year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp lifted its stake in Microvision by 13.7% in the first quarter. Bank of New York Mellon Corp now owns 43,935 shares of the electronics maker’s stock valued at $109,000 after acquiring an additional 5,283 shares during the last quarter. Voya Investment Management LLC acquired a new stake in Microvision in the second quarter valued at approximately $101,000. Rhumbline Advisers acquired a new stake in Microvision in the second quarter valued at approximately $139,000. Schwab Charles Investment Management Inc. acquired a new stake in Microvision in the second quarter valued at approximately $250,000. Finally, Teachers Advisors LLC acquired a new stake in Microvision in the second quarter valued at approximately $256,000. Hedge funds and other institutional investors own 27.12% of the company’s stock.

Microvision Company Profile

Microvision, Inc is a developer of laser beam scanning (LBS) technology. The Company markets its technology under the brand name, PicoP. It has developed PicoP scanning technology that ca

According to Zacks, “Microvision, Inc. develops information display and related technologies that allow electronically generated images and information to be projected onto a viewer’s eye. They defined three distinct business platforms relating to the delivery of images and information in this manner: Retinal Scanning Displays, Imaging Solutions, Optical Material technology. “

Several other analysts have also recently commented on the stock. HC Wainwright restated a “buy” rating and set a $3.50 price target on shares of Microvision in a report on Thursday, September 14th. Northland Securities set a $3.00 price target on shares of Microvision and gave the stock a “buy” rating in a report on Friday, August 4th. Finally, ValuEngine upgraded shares of Microvision from a “sell” rating to a “hold” rating in a research note on Friday, July 28th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $3.50.

Microvision (NASDAQ:MVIS) opened at 2.58 on Tuesday. Microvision has a 1-year low of $0.89 and a 1-year high of $3.25. The stock’s market cap is $184.72 million. The firm’s 50-day moving average is $2.59 and its 200-day moving average is $2.31.

Microvision (NASDAQ:MVIS) last posted its quarterly earnings results on Thursday, August 3rd. The electronics maker reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.02. The business had revenue of $1.50 million during the quarter, compared to analysts’ expectations of $0.74 million. Microvision had a negative net margin of 224.93% and a negative return on equity of 677.56%. The firm’s quarterly revenue was down 64.3% compared to the same quarter last year. During the same period last year, the company posted ($0.07) earnings per share. On average, analysts forecast that Microvision will post ($0.29) EPS for the current year.

COPYRIGHT VIOLATION WARNING: This piece of content was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of United States & international copyright legislation. The legal version of this piece of content can be read at https://ledgergazette.com/2017/10/10/microvision-inc-mvis-upgraded-at-zacks-investment-research.html.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp lifted its stake in Microvision by 13.7% in the first quarter. Bank of New York Mellon Corp now owns 43,935 shares of the electronics maker’s stock valued at $109,000 after acquiring an additional 5,283 shares during the last quarter. Voya Investment Management LLC acquired a new stake in Microvision in the second quarter valued at approximately $101,000. Rhumbline Advisers acquired a new stake in Microvision in the second quarter valued at approximately $139,000. Schwab Charles Investment Management Inc. acquired a new stake in Microvision in the second quarter valued at approximately $250,000. Finally, Teachers Advisors LLC acquired a new stake in Microvision in the second quarter valued at approximately $256,000. Hedge funds and other institutional investors own 27.12% of the company’s stock.

Microvision Company Profile

Microvision, Inc is a developer of laser beam scanning (LBS) technology. The Company markets its technology under the brand name, PicoP. It has developed PicoP scanning technology that can be adopted by its customers to create high-resolution miniature projection, and three-dimensional sensing and image capture solutions that use laser diodes as the light source.

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