Microvision (NASDAQ:MVIS) Earns “Buy” Rating from D. Boral Capital

Microvision (NASDAQ:MVIS)‘s stock had its “buy” rating reissued by stock analysts at D. Boral Capital in a report issued on Tuesday,Benzinga reports. They presently have a $3.00 price objective on the electronics maker’s stock. D. Boral Capital’s price objective would suggest a potential upside of 226.58% from the company’s current price.

Several other research firms also recently weighed in on MVIS. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Microvision in a report on Monday, December 29th. Westpark Capital restated a “buy” rating and set a $2.00 price target on shares of Microvision in a research report on Tuesday, October 21st. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $2.50.

Microvision Price Performance

MVIS opened at $0.92 on Tuesday. Microvision has a 12 month low of $0.81 and a 12 month high of $1.93. The stock has a market cap of $280.54 million, a P/E ratio of -2.48 and a beta of 1.29. The stock’s 50 day moving average price is $0.91 and its 200 day moving average price is $1.09.

Microvision (NASDAQ:MVIS) last announced its quarterly earnings results on Wednesday, November 12th. The electronics maker reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01. Microvision had a negative return on equity of 131.03% and a negative net margin of 3,354.08%.The company had revenue of $0.24 million during the quarter, compared to analyst estimates of $0.23 million.

Hedge Funds Weigh In On Microvision

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of Microvision by 12.4% in the 3rd quarter. Vanguard Group Inc. now owns 20,830,421 shares of the electronics maker’s stock worth $25,830,000 after purchasing an additional 2,305,693 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Microvision by 7.7% during the second quarter. Geode Capital Management LLC now owns 5,994,533 shares of the electronics maker’s stock worth $6,835,000 after buying an additional 431,046 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Microvision by 312.1% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,760,933 shares of the electronics maker’s stock worth $4,287,000 after buying an additional 2,848,292 shares during the last quarter. MCF Advisors LLC increased its holdings in shares of Microvision by 2.2% in the third quarter. MCF Advisors LLC now owns 1,907,907 shares of the electronics maker’s stock valued at $2,366,000 after buying an additional 41,488 shares in the last quarter. Finally, XTX Topco Ltd increased its holdings in shares of Microvision by 40.1% in the third quarter. XTX Topco Ltd now owns 1,291,980 shares of the electronics maker’s stock valued at $1,602,000 after buying an additional 370,002 shares in the last quarter. Institutional investors own 30.90% of the company’s stock.

Microvision Company Profile

MicroVision, Inc (NASDAQ: MVIS) is a technology company specializing in laser scanning and sensing solutions. Founded in 1993 and headquartered in Redmond, Washington, MicroVision develops its proprietary PicoP® scanning technology, which integrates miniature lasers and microelectromechanical systems (MEMS) mirrors to create high-resolution projection displays and three-dimensional sensing systems. Over the years, the company has built a portfolio of patents and intellectual property focused on precision optics and laser-based signal processing.

At the core of MicroVision’s offerings is its display platform, which enables compact, energy-efficient projection for augmented reality (AR) headsets, head-up displays (HUDs) in automotive environments, and consumer electronics applications such as pico projectors.