Microvision (NASDAQ:MVIS) Receives “Buy” Rating from D. Boral Capital

D. Boral Capital reiterated their buy rating on shares of Microvision (NASDAQ:MVIS) in a research note published on Tuesday,Benzinga reports. D. Boral Capital currently has a $3.00 price target on the electronics maker’s stock.

Other research analysts have also issued research reports about the company. Wall Street Zen lowered Microvision from a “hold” rating to a “sell” rating in a report on Saturday. Westpark Capital reiterated a “buy” rating and set a $2.00 price target on shares of Microvision in a report on Wednesday, August 27th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $2.50.

Microvision Stock Performance

Shares of MVIS stock opened at $1.14 on Tuesday. The stock’s fifty day moving average is $1.18 and its two-hundred day moving average is $1.20. The firm has a market capitalization of $343.09 million, a P/E ratio of -2.92 and a beta of 1.59. Microvision has a fifty-two week low of $0.80 and a fifty-two week high of $1.95.

Microvision (NASDAQ:MVIS) last announced its quarterly earnings data on Thursday, August 7th. The electronics maker reported ($0.06) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.06). The company had revenue of $0.20 million for the quarter, compared to analyst estimates of $0.60 million. Microvision had a negative return on equity of 146.46% and a negative net margin of 3,470.59%.

Hedge Funds Weigh In On Microvision

Several institutional investors have recently bought and sold shares of MVIS. BNP Paribas Financial Markets grew its position in Microvision by 114.4% in the 2nd quarter. BNP Paribas Financial Markets now owns 25,744 shares of the electronics maker’s stock valued at $29,000 after acquiring an additional 13,735 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in Microvision by 226.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 22,852 shares of the electronics maker’s stock worth $30,000 after purchasing an additional 15,861 shares during the last quarter. Focus Partners Wealth purchased a new stake in Microvision during the first quarter worth approximately $32,000. Prudential Financial Inc. lifted its stake in Microvision by 77.4% during the second quarter. Prudential Financial Inc. now owns 30,520 shares of the electronics maker’s stock worth $35,000 after purchasing an additional 13,315 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in Microvision during the second quarter worth approximately $38,000. 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.