MicroVision (MVIS) Sees Large Volume Increase

MicroVision, Inc. (NASDAQ:MVIS) shares saw an uptick in trading volume on Monday . 1,560,421 shares traded hands during mid-day trading, an increase of 158% from the previous session’s volume of 604,997 shares.The stock last traded at $1.30 and had previously closed at $1.18.

Several research firms recently commented on MVIS. Zacks Investment Research cut MicroVision from a “hold” rating to a “sell” rating in a research report on Thursday, January 4th. HC Wainwright restated a “buy” rating and issued a $3.50 target price on shares of MicroVision in a research report on Monday, January 22nd. Two analysts have rated the stock with a sell rating and three have issued a buy rating to the company. MicroVision currently has an average rating of “Hold” and an average target price of $2.93.

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The stock has a market cap of $102.20, a P/E ratio of -3.94 and a beta of -0.14.

MicroVision (NASDAQ:MVIS) last posted its earnings results on Thursday, February 22nd. The electronics maker reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.03). MicroVision had a negative net margin of 222.60% and a negative return on equity of 416.19%. The business had revenue of $2.56 million during the quarter, compared to analyst estimates of $2.52 million. During the same quarter in the prior year, the business earned ($0.09) earnings per share. The firm’s revenue was down 12.0% compared to the same quarter last year. equities research analysts forecast that MicroVision, Inc. will post -0.32 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Deutsche Bank AG boosted its stake in MicroVision by 151.9% during the 4th quarter. Deutsche Bank AG now owns 173,821 shares of the electronics maker’s stock valued at $282,000 after purchasing an additional 104,816 shares in the last quarter. AWM Investment Company Inc. boosted its stake in MicroVision by 0.7% during the 4th quarter. AWM Investment Company Inc. now owns 7,367,231 shares of the electronics maker’s stock valued at $12,009,000 after purchasing an additional 50,000 shares in the last quarter. BlackRock Inc. boosted its stake in MicroVision by 1.6% during the 4th quarter. BlackRock Inc. now owns 4,706,522 shares of the electronics maker’s stock valued at $7,672,000 after purchasing an additional 74,500 shares in the last quarter. SG Americas Securities LLC bought a new position in MicroVision during the 4th quarter valued at $187,000. Finally, California State Teachers Retirement System bought a new position in MicroVision during the 2nd quarter valued at $256,000. 30.18% of the stock is owned by hedge funds and other institutional investors.

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About MicroVision

MicroVision, Inc develops PicoP scanning technology that provides high-resolution miniature projection, and three-dimensional sensing and image capture solutions in the United States. Its PicoP scanning technology comprises micro-electrical mechanical systems, laser diodes, opto-mechanics, and electronics.

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