Analysts at Cantor Fitzgerald initiated coverage on shares of MicroVision (NASDAQ:MVIS – Get Rating) in a research note issued to investors on Monday, The Fly reports. The brokerage set a “neutral” rating on the electronics maker’s stock.
Separately, Zacks Investment Research cut shares of MicroVision from a “hold” rating to a “sell” rating in a research note on Tuesday, January 4th.
Shares of MicroVision stock opened at $4.37 on Monday. MicroVision has a twelve month low of $2.61 and a twelve month high of $28.00. The firm has a market cap of $719.43 million, a PE ratio of -16.18 and a beta of 3.43. The business has a 50-day moving average price of $3.88 and a 200 day moving average price of $7.78.
MicroVision (NASDAQ:MVIS – Get Rating) last announced its quarterly earnings results on Thursday, February 24th. The electronics maker reported ($0.08) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.01). MicroVision had a negative net margin of 1,728.00% and a negative return on equity of 32.69%. During the same quarter last year, the business posted ($0.02) earnings per share. Sell-side analysts anticipate that MicroVision will post -0.32 earnings per share for the current fiscal year.
In other MicroVision news, Director Simon Biddiscombe sold 30,000 shares of the firm’s stock in a transaction on Thursday, December 9th. The stock was sold at an average price of $6.89, for a total value of $206,700.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.20% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of MVIS. Macquarie Group Ltd. purchased a new stake in MicroVision during the 2nd quarter valued at $87,000. Nuveen Asset Management LLC purchased a new position in shares of MicroVision during the second quarter valued at approximately $10,200,000. State Street Corp increased its position in MicroVision by 110.7% during the 2nd quarter. State Street Corp now owns 3,660,116 shares of the electronics maker’s stock valued at $61,307,000 after buying an additional 1,922,877 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in MicroVision by 653.9% in the second quarter. Charles Schwab Investment Management Inc. now owns 394,632 shares of the electronics maker’s stock worth $6,611,000 after acquiring an additional 342,290 shares in the last quarter. Finally, Credit Suisse AG acquired a new stake in MicroVision during the 2nd quarter valued at approximately $1,541,000. 25.05% of the stock is owned by hedge funds and other institutional investors.
MicroVision Company Profile
MicroVision, Inc engages in the development of laser beam scanning technology. It offers its product under the PicoP brand. PicoP scanning technology has addressing the following market segments Interactive and non-interactive projected displays, 3D Perceptive LiDAR sensing for consumer electronics, Augmented/Mixed Reality (AR/MR) and 3D Perceptive LiDAR sensing for automotive active collision avoidance.