Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Microvision (NASDAQ:MVIS) Stock Price

Press coverage about Microvision (NASDAQ:MVIS) has trended somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Microvision earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave media headlines about the electronics maker an impact score of 46.1290737331139 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Shares of Microvision (MVIS) remained flat at $$1.19 during trading on Thursday. 340,100 shares of the company traded hands, compared to its average volume of 789,346. The company has a market cap of $93.53, a P/E ratio of -3.72 and a beta of -0.29. Microvision has a 1-year low of $1.09 and a 1-year high of $3.25.

MVIS has been the subject of several research reports. S&P Equity Research upped their target price on Microvision from $1.75 to $2.22 in a research note on Thursday, November 2nd. HC Wainwright reaffirmed a “buy” rating and issued a $3.50 target price on shares of Microvision in a research note on Monday, January 22nd. Zacks Investment Research downgraded Microvision from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Finally, ValuEngine downgraded Microvision from a “hold” rating to a “sell” rating in a research report on Thursday, November 2nd. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $2.93.

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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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