Microvision (MVIS) Set to Announce Quarterly Earnings on Thursday

Microvision (NASDAQ:MVIS) is scheduled to release its earnings data after the market closes on Thursday, February 22nd. Analysts expect Microvision to post earnings of ($0.07) per share for the quarter.

Microvision (NASDAQ:MVIS) opened at $1.23 on Wednesday. Microvision has a 52-week low of $1.09 and a 52-week high of $3.25. The company has a market cap of $96.67, a P/E ratio of -3.73 and a beta of -0.29.

A number of brokerages have commented on MVIS. HC Wainwright reiterated a “buy” rating and set a $3.50 price target on shares of Microvision in a research report on Monday, January 22nd. ValuEngine lowered Microvision from a “hold” rating to a “sell” rating in a research note on Thursday, November 2nd. S&P Equity Research increased their price objective on Microvision from $1.75 to $2.22 in a research note on Thursday, November 2nd. Finally, Zacks Investment Research lowered Microvision from a “hold” rating to a “sell” rating in a research note on Thursday, January 4th. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $2.93.

An institutional investor recently raised its position in Microvision stock. State Street Corp grew its stake in shares of Microvision, Inc. (NASDAQ:MVIS) by 2,126.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 857,452 shares of the electronics maker’s stock after purchasing an additional 818,945 shares during the quarter. State Street Corp owned approximately 1.20% of Microvision worth $1,816,000 at the end of the most recent quarter. Institutional investors and hedge funds own 30.91% of the company’s stock.

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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.

Earnings History for Microvision (NASDAQ:MVIS)

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