Microvision, Inc. (MVIS) Set to Announce Quarterly Earnings on Tuesday
Microvision, Inc. (NASDAQ:MVIS) is scheduled to announce its earnings results before the market opens on Tuesday, October 31st. Analysts expect the company to announce earnings of ($0.08) per share for the quarter.
Microvision (NASDAQ:MVIS) last released its quarterly earnings data on Thursday, August 3rd. The electronics maker reported ($0.08) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.10) by $0.02. Microvision had a negative return on equity of 677.56% and a negative net margin of 224.93%. The business had revenue of $1.50 million for the quarter, compared to the consensus estimate of $0.74 million. During the same quarter in the previous year, the company posted ($0.07) EPS. The company’s revenue was down 64.3% compared to the same quarter last year. On average, analysts expect Microvision to post $-0.32 EPS for the current fiscal year and $-0.26 EPS for the next fiscal year.
Microvision, Inc. (NASDAQ:MVIS) traded up 0.42% during mid-day trading on Tuesday, reaching $2.40. The company’s stock had a trading volume of 78,530 shares. The firm’s 50 day moving average is $2.66 and its 200-day moving average is $2.31. Microvision, Inc. has a 12-month low of $0.89 and a 12-month high of $3.25. The company’s market cap is $171.83 million.
Several equities analysts have recently weighed in on MVIS shares. HC Wainwright set a $4.00 target price on Microvision and gave the company a “buy” rating in a research report on Friday, August 4th. Zacks Investment Research upgraded Microvision from a “hold” rating to a “buy” rating and set a $2.75 target price on the stock in a research report on Wednesday, July 19th. ValuEngine upgraded Microvision from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. Finally, Northland Securities set a $3.00 target price on Microvision and gave the company a “buy” rating in a research report on Friday, August 4th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $3.50.
An institutional investor recently bought a new position in Microvision stock. California State Teachers Retirement System acquired a new position in shares of Microvision, Inc. (NASDAQ:MVIS) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 120,900 shares of the electronics maker’s stock, valued at approximately $256,000. California State Teachers Retirement System owned approximately 0.17% of Microvision as of its most recent filing with the Securities & Exchange Commission. 27.12% of the stock is currently owned by institutional investors and hedge funds.
Microvision Company Profile
Microvision, Inc is a developer of laser beam scanning (LBS) technology. The Company markets its technology under the brand name, PicoP. It has developed PicoP scanning technology that can be adopted by its customers to create high-resolution miniature projection, and three-dimensional sensing and image capture solutions that use laser diodes as the light source.
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