Microvision (NASDAQ:MVIS) Upgraded to Sell at Wall Street Zen

Microvision (NASDAQ:MVIS) was upgraded by equities researchers at Wall Street Zen from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

Separately, D. Boral Capital lowered Microvision from a “buy” rating to a “hold” rating in a research report on Thursday, March 5th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $2.50.

Microvision Stock Performance

Shares of MVIS stock opened at $0.62 on Friday. The firm has a market cap of $203.74 million, a P/E ratio of -2.01 and a beta of 1.21. Microvision has a fifty-two week low of $0.51 and a fifty-two week high of $1.73. The business’s 50 day moving average price is $0.64 and its 200-day moving average price is $0.79.

Microvision (NASDAQ:MVIS) last issued its quarterly earnings data on Wednesday, May 13th. The electronics maker reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.03). The business had revenue of $0.94 million during the quarter, compared to the consensus estimate of $0.20 million. Microvision had a negative return on equity of 139.20% and a negative net margin of 5,887.77%.

Hedge Funds Weigh In On Microvision

Institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. bought a new position in Microvision in the third quarter worth $26,000. Focus Partners Wealth bought a new position in Microvision in the first quarter worth $32,000. BNP Paribas Financial Markets raised its holdings in Microvision by 114.4% in the second quarter. BNP Paribas Financial Markets now owns 25,744 shares of the electronics maker’s stock worth $29,000 after purchasing an additional 13,735 shares in the last quarter. CIBC Bancorp USA Inc. bought a new position in Microvision in the third quarter worth $33,000. Finally, Prudential Financial Inc. raised its holdings in Microvision by 77.4% in the second quarter. Prudential Financial Inc. now owns 30,520 shares of the electronics maker’s stock worth $35,000 after purchasing an additional 13,315 shares in the last quarter. Institutional investors own 30.90% of the company’s stock.

About Microvision

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.