Microvision Stock Rating Upgraded by Zacks (MVIS)
Microvision (NASDAQ:MVIS) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a note issued to investors on Wednesday. The firm currently has a $2.20 target price on the stock. Zacks‘s target price indicates a potential upside of 7.84% from the company’s current price.
Shares of Microvision (NASDAQ:MVIS) traded up 3.68% on Wednesday, hitting $2.115. The stock had a trading volume of 849,001 shares. Microvision has a 1-year low of $1.03 and a 1-year high of $3.38. The stock has a 50-day moving average of $2.09 and a 200-day moving average of $1.90. The company’s market cap is $92.0 million.
Microvision (NASDAQ:MVIS) last issued its quarterly earnings data on Wednesday, August 6th. The company reported ($0.08) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.10) by $0.02. The company had revenue of $0.61 million for the quarter, compared to the consensus estimate of $0.78 million. During the same quarter in the prior year, the company posted ($0.13) earnings per share. The company’s quarterly revenue was down 67.9% on a year-over-year basis. Analysts expect that Microvision will post $-0.44 EPS for the current fiscal year.
Microvision, Inc develops miniature display and imaging engines based upon its PicoP display engine platform.
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