Microvision (NASDAQ:MVIS) has been assigned a $4.00 target price by stock analysts at HC Wainwright in a research report issued on Thursday, November 16th. The firm currently has a “buy” rating on the electronics maker’s stock. HC Wainwright’s target price would indicate a potential upside of 145.40% from the stock’s current price.
Other equities analysts have also issued research reports about the stock. ValuEngine upgraded shares of Microvision from a “sell” rating to a “hold” rating in a research report on Friday, July 28th. Zacks Investment Research upgraded shares of Microvision from a “hold” rating to a “buy” rating and set a $3.00 price target for the company in a report on Tuesday, October 10th. S&P Equity Research raised their price target on shares of Microvision from $1.75 to $2.22 in a report on Thursday, November 2nd. Finally, Northland Securities set a $3.00 price objective on shares of Microvision and gave the company a “buy” rating in a research report on Friday, August 4th. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. Microvision currently has an average rating of “Hold” and a consensus target price of $3.34.
Microvision (NASDAQ MVIS) traded down $0.06 during mid-day trading on Thursday, hitting $1.63. 412,868 shares of the company were exchanged, compared to its average volume of 825,420. Microvision has a 1-year low of $1.01 and a 1-year high of $3.25.
Microvision (NASDAQ:MVIS) last released its earnings results on Thursday, November 2nd. The electronics maker reported ($0.07) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.07). Microvision had a negative net margin of 193.59% and a negative return on equity of 335.81%. The firm had revenue of $6.09 million for the quarter, compared to analysts’ expectations of $5.24 million. During the same quarter last year, the company earned ($0.08) EPS. Microvision’s quarterly revenue was up 52.3% on a year-over-year basis. analysts expect that Microvision will post -0.3 earnings per share for the current year.
Several institutional investors have recently made changes to their positions in MVIS. Bank of New York Mellon Corp boosted its stake in Microvision by 13.7% during the first quarter. Bank of New York Mellon Corp now owns 43,935 shares of the electronics maker’s stock worth $109,000 after buying an additional 5,283 shares in the last quarter. Voya Investment Management LLC acquired a new stake in Microvision during the second quarter worth $101,000. Rhumbline Advisers acquired a new stake in Microvision during the second quarter worth $139,000. Schwab Charles Investment Management Inc. acquired a new stake in Microvision during the second quarter worth $250,000. Finally, Teachers Advisors LLC acquired a new stake in Microvision during the second quarter worth $256,000. Institutional investors and hedge funds own 30.62% of the company’s stock.
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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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