MicroVision (MVIS) to Release Earnings on Wednesday

MicroVision (NASDAQ:MVISGet Rating) will release its earnings data after the market closes on Wednesday, April 27th.

MicroVision (NASDAQ:MVISGet Rating) last announced its quarterly earnings data on Thursday, February 24th. The electronics maker reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.01). The firm had revenue of $0.56 million for the quarter, compared to analysts’ expectations of $0.50 million. MicroVision had a negative net margin of 1,728.00% and a negative return on equity of 32.69%. During the same period in the previous year, the company posted ($0.02) EPS.

NASDAQ:MVIS opened at $2.97 on Friday. The company has a market cap of $488.95 million, a P/E ratio of -11.00 and a beta of 3.49. MicroVision has a fifty-two week low of $2.61 and a fifty-two week high of $28.00. The firm’s 50 day moving average is $4.03 and its two-hundred day moving average is $5.65.

Several institutional investors have recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of MicroVision in the fourth quarter worth $1,564,000. Barclays PLC increased its position in shares of MicroVision by 197.0% in the fourth quarter. Barclays PLC now owns 199,520 shares of the electronics maker’s stock worth $999,000 after acquiring an additional 132,344 shares in the last quarter. BlackRock Inc. increased its position in shares of MicroVision by 2.7% in the fourth quarter. BlackRock Inc. now owns 10,689,064 shares of the electronics maker’s stock worth $53,552,000 after acquiring an additional 284,104 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of MicroVision by 9.1% in the fourth quarter. Wells Fargo & Company MN now owns 167,457 shares of the electronics maker’s stock worth $839,000 after acquiring an additional 13,995 shares in the last quarter. Finally, California State Teachers Retirement System increased its position in shares of MicroVision by 4.1% in the fourth quarter. California State Teachers Retirement System now owns 227,283 shares of the electronics maker’s stock worth $1,139,000 after acquiring an additional 8,957 shares in the last quarter. 25.05% of the stock is owned by institutional investors.

A number of equities analysts have weighed in on MVIS shares. Zacks Investment Research downgraded shares of MicroVision from a “hold” rating to a “sell” rating in a research note on Tuesday, January 4th. Cantor Fitzgerald started coverage on shares of MicroVision in a research note on Monday, March 7th. They set a “neutral” rating and a $5.00 price target on the stock.

About MicroVision (Get Rating)

MicroVision, Inc develops lidar sensors used in automotive safety and autonomous driving applications. Its laser beam scanning technology is based on micro-electrical mechanical systems, laser diodes, opto-mechanics, electronics, algorithms, and software. The company also develops micro-display concepts and designs for head-mounted augmented reality (AR) headsets, as well as 1440i MEMS module that can support AR headsets; Interactive Display modules used in smart speakers and other devices; and Consumer Lidar used in smart home systems.

See Also

Earnings History for MicroVision (NASDAQ:MVIS)

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