MicroVision (NASDAQ:MVIS) Price Target Raised to $2.00

MicroVision (NASDAQ:MVIS) had its price target increased by equities research analysts at Westpark Capital from $1.30 to $2.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the electronics maker’s stock. Westpark Capital’s price target would indicate a potential upside of 24.22% from the company’s previous close.

Separately, StockNews.com upgraded shares of MicroVision to a “sell” rating in a research report on Friday, December 20th.

MicroVision Stock Performance

Shares of NASDAQ:MVIS opened at $1.61 on Wednesday. MicroVision has a 52-week low of $0.80 and a 52-week high of $2.70. The business’s 50 day simple moving average is $1.08 and its two-hundred day simple moving average is $1.07. The firm has a market cap of $352.62 million, a P/E ratio of -3.93 and a beta of 2.87.

MicroVision (NASDAQ:MVIS) last posted its quarterly earnings data on Thursday, November 7th. The electronics maker reported ($0.07) EPS for the quarter. The firm had revenue of $0.19 million during the quarter. MicroVision had a negative net margin of 1,049.43% and a negative return on equity of 102.34%. During the same period last year, the business posted ($0.12) EPS. On average, equities analysts forecast that MicroVision will post -0.49 earnings per share for the current fiscal year.

Institutional Investors Weigh In On MicroVision

Institutional investors have recently made changes to their positions in the company. Sei Investments Co. purchased a new stake in MicroVision during the second quarter valued at approximately $27,000. Aaron Wealth Advisors LLC bought a new position in shares of MicroVision during the 3rd quarter valued at approximately $31,000. XTX Topco Ltd bought a new stake in MicroVision in the second quarter worth $32,000. Allspring Global Investments Holdings LLC purchased a new position in MicroVision during the third quarter worth $40,000. Finally, Hsbc Holdings PLC increased its position in MicroVision by 158.3% during the second quarter. Hsbc Holdings PLC now owns 39,168 shares of the electronics maker’s stock valued at $41,000 after acquiring an additional 24,006 shares during the last quarter. Hedge funds and other institutional investors own 30.90% of the company’s stock.

MicroVision Company Profile

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.