D. Boral Capital Lowers MicroVision (NASDAQ:MVIS) Price Target to $2.50

MicroVision (NASDAQ:MVIS) had its price target cut by analysts at D. Boral Capital from $3.00 to $2.50 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the electronics maker’s stock. D. Boral Capital’s price target indicates a potential upside of 127.27% from the company’s current price.

Several other research analysts have also commented on the stock. StockNews.com upgraded shares of MicroVision to a “sell” rating in a report on Thursday, April 24th. Westpark Capital reissued a “buy” rating and issued a $2.00 price objective on shares of MicroVision in a research report on Tuesday, March 25th.

MicroVision Trading Up 2.8%

Shares of NASDAQ:MVIS opened at $1.10 on Tuesday. The stock’s 50-day moving average price is $1.21 and its two-hundred day moving average price is $1.21. MicroVision has a 12-month low of $0.80 and a 12-month high of $1.95. The firm has a market cap of $270.37 million, a price-to-earnings ratio of -2.68 and a beta of 2.04.

MicroVision (NASDAQ:MVIS) last issued its quarterly earnings results on Monday, May 12th. The electronics maker reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.06). MicroVision had a negative return on equity of 102.34% and a negative net margin of 1,049.43%. The business had revenue of $0.59 million during the quarter, compared to analyst estimates of $2.25 million.

Hedge Funds Weigh In On MicroVision

Several hedge funds and other institutional investors have recently bought and sold shares of MVIS. Barclays PLC lifted its position in MicroVision by 302.0% during the 3rd quarter. Barclays PLC now owns 282,690 shares of the electronics maker’s stock worth $322,000 after acquiring an additional 212,365 shares in the last quarter. Synergy Asset Management LLC lifted its position in MicroVision by 140.4% during the 4th quarter. Synergy Asset Management LLC now owns 30,252 shares of the electronics maker’s stock worth $38,000 after acquiring an additional 17,669 shares in the last quarter. Caitlin John LLC purchased a new stake in MicroVision during the 4th quarter worth approximately $26,000. Lakeside Advisors INC. increased its holdings in MicroVision by 19.4% during the 4th quarter. Lakeside Advisors INC. now owns 61,638 shares of the electronics maker’s stock worth $81,000 after purchasing an additional 10,000 shares during the last quarter. Finally, SRS Capital Advisors Inc. purchased a new stake in MicroVision during the 4th quarter worth approximately $66,000. 30.90% of the stock is owned by institutional investors and hedge funds.

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.