MicroVision Target of Unusually High Options Trading (NASDAQ:MVIS)

MicroVision, Inc. (NASDAQ:MVIS) saw some unusual options trading activity on Monday. Stock investors bought 15,286 call options on the stock. This represents an increase of approximately 53% compared to the typical daily volume of 10,011 call options.

MicroVision Stock Up 9.5 %

Shares of NASDAQ MVIS opened at $1.62 on Tuesday. MicroVision has a 12-month low of $0.80 and a 12-month high of $1.95. The firm’s 50-day simple moving average is $1.41 and its 200 day simple moving average is $1.20. The company has a market cap of $354.81 million, a price-to-earnings ratio of -3.95 and a beta of 2.63.

Hedge Funds Weigh In On MicroVision

A number of institutional investors have recently modified their holdings of the stock. Caitlin John LLC acquired a new stake in shares of MicroVision in the fourth quarter valued at approximately $26,000. Cibc World Markets Corp acquired a new stake in shares of MicroVision in the 4th quarter valued at $26,000. Tower Research Capital LLC TRC raised its position in shares of MicroVision by 226.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 22,852 shares of the electronics maker’s stock worth $30,000 after acquiring an additional 15,861 shares during the last quarter. Warwick Investment Management Inc. acquired a new position in shares of MicroVision during the fourth quarter valued at $37,000. Finally, Synergy Asset Management LLC boosted its holdings in MicroVision by 140.4% in the fourth 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 during the last quarter. 30.90% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on MVIS shares. StockNews.com upgraded shares of MicroVision to a “sell” rating in a research report on Monday, March 10th. Westpark Capital lifted their target price on shares of MicroVision from $1.30 to $2.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Finally, D. Boral Capital assumed coverage on MicroVision in a research report on Monday, February 10th. They set a “buy” rating and a $3.00 price target on the 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.