Microvision, Inc. (MVIS) Price Target Increased to $2.22 by Analysts at S&P Equity Research
Microvision, Inc. (NASDAQ:MVIS) had its target price upped by investment analysts at S&P Equity Research from $1.75 to $2.22 in a research note issued to investors on Thursday. S&P Equity Research’s price target would indicate a potential upside of 0.45% from the company’s current price.
Several other research analysts also recently commented on the company. Zacks Investment Research downgraded Microvision from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. HC Wainwright reiterated a “buy” rating and issued a $3.50 price objective on shares of Microvision in a report on Thursday, September 14th. Northland Securities set a $3.00 price objective on Microvision and gave the stock a “buy” rating in a report on Friday, August 4th. Finally, ValuEngine upgraded Microvision from a “sell” rating to a “hold” rating in a report on Friday, July 28th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $3.24.
Microvision (NASDAQ:MVIS) last released its quarterly earnings data on Tuesday, October 31st. The electronics maker reported ($0.07) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.07). The firm had revenue of $6.09 million for the quarter, compared to the consensus estimate of $5.24 million. Microvision had a negative return on equity of 677.56% and a negative net margin of 224.93%. The company’s quarterly revenue was up 52.3% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.08) earnings per share.
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Hedge funds and other institutional investors have recently bought and sold shares of the stock. AWM Investment Company Inc. bought a new stake in shares of Microvision in the second quarter worth about $13,997,000. Bank of New York Mellon Corp grew its stake in shares of Microvision by 13.7% in the first quarter. Bank of New York Mellon Corp now owns 43,935 shares of the electronics maker’s stock worth $109,000 after purchasing an additional 5,283 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Microvision by 92.5% in the first quarter. Geode Capital Management LLC now owns 465,339 shares of the electronics maker’s stock worth $1,158,000 after purchasing an additional 223,582 shares during the last quarter. State Treasurer State of Michigan grew its stake in shares of Microvision by 8.2% in the third quarter. State Treasurer State of Michigan now owns 3,144,199 shares of the electronics maker’s stock worth $8,741,000 after purchasing an additional 238,095 shares during the last quarter. Finally, Rhumbline Advisers bought a new stake in shares of Microvision in the second quarter worth about $139,000. 27.43% of the stock is currently owned by institutional investors.
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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