Other equities analysts also recently issued research reports about the company. ValuEngine raised Microvision from a sell rating to a hold rating in a research report on Friday, July 28th. HC Wainwright reissued a buy rating and set a $3.50 price target on shares of Microvision in a research report on Thursday, September 14th. Zacks Investment Research raised Microvision from a hold rating to a buy rating and set a $3.00 price target on the stock in a research report on Tuesday, October 10th. Finally, Northland Securities set a $3.00 price target on Microvision and gave the stock a buy rating in a research report on Friday, August 4th. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the company. Microvision presently has a consensus rating of Hold and a consensus target price of $3.24.
Microvision (NASDAQ:MVIS) traded down $0.07 during mid-day trading on Thursday, reaching $1.57. The company’s stock had a trading volume of 347,700 shares, compared to its average volume of 836,929. Microvision has a 52-week low of $1.01 and a 52-week high of $3.25.
Microvision (NASDAQ:MVIS) last released its earnings results on Thursday, November 2nd. The electronics maker reported ($0.07) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.07). The business had revenue of $6.09 million for the quarter, compared to the consensus estimate of $5.24 million. Microvision had a negative return on equity of 335.81% and a negative net margin of 193.59%. Microvision’s quarterly revenue was up 52.3% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.08) earnings per share. equities analysts predict that Microvision will post -0.3 EPS for the current year.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State Treasurer State of Michigan lifted its stake in Microvision by 8.2% during the third quarter. State Treasurer State of Michigan now owns 3,144,199 shares of the electronics maker’s stock worth $8,741,000 after purchasing an additional 238,095 shares during the last quarter. AWM Investment Company Inc. bought a new stake in Microvision during the second quarter worth $13,997,000. California State Teachers Retirement System bought a new stake in Microvision during the second quarter worth $256,000. State Street Corp increased its holdings in shares of Microvision by 2,126.7% during the second quarter. State Street Corp now owns 857,452 shares of the electronics maker’s stock worth $1,816,000 after buying an additional 818,945 shares in the last quarter. Finally, Voya Investment Management LLC acquired a new position in shares of Microvision during the second quarter worth $101,000. Hedge funds and other institutional investors own 26.73% 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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