MicroVision (MVIS) Expected to Announce Quarterly Earnings on Wednesday

MicroVision (NASDAQ:MVIS) is projected to announce its earnings results before the market opens on Wednesday, March 26th. Analysts expect the company to announce earnings of ($0.10) per share and revenue of $3.25 million for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

MicroVision Stock Performance

MicroVision stock opened at $1.28 on Wednesday. MicroVision has a 1 year low of $0.80 and a 1 year high of $1.95. The firm has a 50 day moving average price of $1.39 and a 200 day moving average price of $1.18. The company has a market cap of $280.34 million, a price-to-earnings ratio of -3.12 and a beta of 2.63.

Analysts Set New Price Targets

A number of brokerages have weighed in on MVIS. D. Boral Capital assumed coverage on shares of MicroVision in a report on Monday, February 10th. They issued a “buy” rating and a $3.00 price target on the stock. Westpark Capital increased their target price on MicroVision from $1.30 to $2.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Finally, StockNews.com raised MicroVision to a “sell” rating in a research report on Monday, March 10th.

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.