Microvision, Inc. (NASDAQ:MVIS) shares rose 8.5% on Wednesday . The stock traded as high as $1.67 and last traded at $1.66. Approximately 548,694 shares changed hands during mid-day trading, a decline of 32% from the average daily volume of 808,522 shares. The stock had previously closed at $1.53.
MVIS has been the subject of several research analyst reports. HC Wainwright set a $4.00 price objective on Microvision and gave the stock a “buy” rating in a research report on Thursday, November 16th. S&P Equity Research lifted their price objective on Microvision from $1.75 to $2.22 in a research report on Thursday, November 2nd. Zacks Investment Research raised Microvision from a “hold” rating to a “buy” rating and set a $3.00 price objective for the company in a research report on Tuesday, October 10th. Finally, ValuEngine lowered Microvision from a “hold” rating to a “sell” rating in a research report on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $3.34.
Microvision (NASDAQ:MVIS) last issued its earnings results on Thursday, November 2nd. The electronics maker reported ($0.07) EPS for the quarter, meeting analysts’ consensus estimates of ($0.07). Microvision had a negative return on equity of 335.81% and a negative net margin of 193.59%. The business had revenue of $6.09 million during the quarter, compared to analyst estimates of $5.24 million. During the same period in the previous year, the company posted ($0.08) EPS. The firm’s revenue was up 52.3% compared to the same quarter last year. sell-side analysts anticipate that Microvision, Inc. will post -0.3 EPS for the current year.
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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