MicroVision (NASDAQ:MVIS) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Shares of MicroVision, Inc. (NASDAQ:MVIS) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.09 and traded as high as $1.62. MicroVision shares last traded at $1.49, with a volume of 3,973,974 shares trading hands.

Analysts Set New Price Targets

MVIS has been the topic of several recent analyst reports. Westpark Capital boosted their price target on MicroVision from $1.30 to $2.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. StockNews.com raised shares of MicroVision to a “sell” rating in a research report on Friday, December 20th.

MicroVision Stock Down 7.5 %

The stock has a fifty day moving average price of $1.17 and a two-hundred day moving average price of $1.09. The company has a market cap of $326.34 million, a price-to-earnings ratio of -3.63 and a beta of 2.87.

MicroVision (NASDAQ:MVIS) last issued its quarterly earnings data on Thursday, November 7th. The electronics maker reported ($0.07) earnings per share for the quarter. MicroVision had a negative return on equity of 102.34% and a negative net margin of 1,049.43%. The business had revenue of $0.19 million during the quarter. During the same period last year, the business earned ($0.12) EPS. Analysts predict that MicroVision, Inc. will post -0.49 earnings per share for the current fiscal year.

Institutional Investors Weigh In On MicroVision

A number of large investors have recently added to or reduced their stakes in MVIS. Synergy Asset Management LLC raised its holdings in MicroVision by 140.4% in the 4th quarter. Synergy Asset Management LLC now owns 30,252 shares of the electronics maker’s stock valued at $38,000 after acquiring an additional 17,669 shares in the last quarter. Coldstream Capital Management Inc. raised its stake in MicroVision by 7.1% in the third quarter. Coldstream Capital Management Inc. now owns 304,964 shares of the electronics maker’s stock valued at $348,000 after purchasing an additional 20,113 shares in the last quarter. Caitlin John LLC bought a new stake in MicroVision during the fourth quarter worth about $26,000. Hsbc Holdings PLC grew its stake in MicroVision by 158.3% during the second quarter. Hsbc Holdings PLC now owns 39,168 shares of the electronics maker’s stock worth $41,000 after buying an additional 24,006 shares in the last quarter. Finally, Sei Investments Co. bought a new position in MicroVision in the 2nd quarter valued at about $27,000. Institutional investors and hedge funds own 30.90% of the company’s stock.

About MicroVision

MicroVision, Inc develops and sells lidar sensors and software used in automotive safety and autonomous driving applications. It offers a suite of light detection and ranging (lidar) sensors and perception; and validation software for automotive OEMs, advanced driver-assistance systems, and autonomous vehicle applications, as well as non-automotive applications including industrial, robotics, and smart infrastructure.