MicroVision’s (MVIS) “Hold” Rating Reaffirmed at Westpark Capital

Westpark Capital reaffirmed their hold rating on shares of MicroVision (NASDAQ:MVIS) in a research report released on Wednesday, Marketbeat reports.

Separately, Cantor Fitzgerald reissued a neutral rating and set a $3.00 target price on shares of MicroVision in a research note on Monday, July 22nd.

MicroVision Stock Down 4.9 %

Shares of MicroVision stock traded down $0.04 during mid-day trading on Wednesday, hitting $0.86. The stock had a trading volume of 1,978,534 shares, compared to its average volume of 2,408,882. MicroVision has a 12-month low of $0.83 and a 12-month high of $3.01. The firm has a market cap of $177.31 million, a P/E ratio of -1.83 and a beta of 3.04. The firm has a 50-day moving average of $1.06 and a two-hundred day moving average of $1.56.

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

Hedge Funds Weigh In On MicroVision

Institutional investors and hedge funds have recently made changes to their positions in the stock. Farmers Trust Co. lifted its stake in MicroVision by 14.7% in the first quarter. Farmers Trust Co. now owns 155,800 shares of the electronics maker’s stock worth $287,000 after acquiring an additional 20,000 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of MicroVision by 202.2% in the 4th quarter. SG Americas Securities LLC now owns 112,893 shares of the electronics maker’s stock valued at $300,000 after purchasing an additional 75,534 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of MicroVision by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 13,243,413 shares of the electronics maker’s stock worth $29,003,000 after purchasing an additional 159,561 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of MicroVision by 63.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,463,069 shares of the electronics maker’s stock worth $6,372,000 after purchasing an additional 1,344,239 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of MicroVision by 42.2% during the fourth quarter. BNP Paribas Financial Markets now owns 163,566 shares of the electronics maker’s stock worth $435,000 after purchasing an additional 48,501 shares in the last quarter. 30.90% of the stock is owned by institutional investors and hedge funds.

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.