MicroVision (NASDAQ:MVIS) Receives Neutral Rating from Cantor Fitzgerald

Cantor Fitzgerald reiterated their neutral rating on shares of MicroVision (NASDAQ:MVIS) in a research report released on Monday morning, Benzinga reports. The brokerage currently has a $3.00 target price on the electronics maker’s stock.

MicroVision Trading Down 4.5 %

Shares of NASDAQ:MVIS opened at $1.07 on Monday. The company has a market cap of $221.13 million, a price-to-earnings ratio of -2.28 and a beta of 3.04. The company has a 50-day moving average price of $1.10 and a 200-day moving average price of $1.68. MicroVision has a 12 month low of $0.86 and a 12 month high of $4.04.

MicroVision (NASDAQ:MVIS) last issued its quarterly earnings data on Thursday, May 9th. The electronics maker reported ($0.13) EPS for the quarter. The firm had revenue of $0.96 million for the quarter. MicroVision had a negative net margin of 1,212.54% and a negative return on equity of 90.04%. During the same period last year, the business posted ($0.11) earnings per share. As a group, research analysts forecast that MicroVision will post -0.49 EPS for the current fiscal year.

Hedge Funds Weigh In On MicroVision

Hedge funds and other institutional investors have recently modified their holdings of the company. Alpine Global Management LLC bought a new position in MicroVision in the first quarter worth about $39,000. Victory Capital Management Inc. raised its stake in MicroVision by 24.1% in the fourth quarter. Victory Capital Management Inc. now owns 25,355 shares of the electronics maker’s stock worth $67,000 after buying an additional 4,926 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in MicroVision by 163.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 29,406 shares of the electronics maker’s stock worth $78,000 after buying an additional 18,226 shares in the last quarter. SG Americas Securities LLC raised its stake in MicroVision by 89.2% in the second quarter. SG Americas Securities LLC now owns 75,159 shares of the electronics maker’s stock worth $80,000 after buying an additional 35,442 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in MicroVision by 604.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 33,223 shares of the electronics maker’s stock worth $88,000 after buying an additional 28,505 shares in the last quarter. 30.90% of the stock is owned by institutional investors.

About MicroVision

MicroVision, Inc develops and sells lidar sensors and software used in automotive safety and autonomous driving applications. It offers a suite of light detection and ranging (lidar) sensors and perception; and validation software for automotive OEMs, advanced driver-assistance systems, and autonomous vehicle applications, as well as non-automotive applications including industrial, robotics, and smart infrastructure.