Microvision (MVIS) Stock Rating Reaffirmed by HC Wainwright

HC Wainwright reiterated their buy rating on shares of Microvision (NASDAQ:MVIS) in a research note published on Monday. HC Wainwright currently has a $3.50 price objective on the electronics maker’s stock.

Other research analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Microvision from a hold rating to a buy rating and set a $3.00 price objective on the stock in a research note on Tuesday, October 10th. ValuEngine cut shares of Microvision from a hold rating to a sell rating in a research note on Thursday, November 2nd. Finally, S&P Equity Research boosted their target price on shares of Microvision from $1.75 to $2.22 in a research note on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. Microvision has a consensus rating of Hold and an average target price of $3.24.

Microvision (NASDAQ:MVIS) opened at $1.31 on Monday. The stock has a market cap of $102.96, a P/E ratio of -3.97 and a beta of -0.04. Microvision has a one year low of $1.16 and a one year high of $3.25.

Microvision (NASDAQ:MVIS) last announced its quarterly earnings data 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 analysts’ expectations of $5.24 million. Microvision had a negative net margin of 193.59% and a negative return on equity of 335.81%. The firm’s quarterly revenue was up 52.3% compared to the same quarter last year. During the same period last year, the firm posted ($0.08) earnings per share. equities analysts anticipate that Microvision will post -0.3 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Voya Investment Management LLC bought a new stake in shares of Microvision during the second quarter worth $101,000. Rhumbline Advisers bought a new stake in shares of Microvision during the second quarter worth $139,000. SG Americas Securities LLC bought a new stake in shares of Microvision during the fourth quarter worth $187,000. Schwab Charles Investment Management Inc. bought a new stake in shares of Microvision during the second quarter worth $250,000. Finally, Teachers Advisors LLC bought a new stake in shares of Microvision during the second quarter worth $256,000. 30.63% of the stock is currently owned by hedge funds and other institutional investors.

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About Microvision

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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