Microvision (NASDAQ:MVIS) Stock Crosses Above 200 Day Moving Average – What’s Next?

Microvision, Inc. (NASDAQ:MVIS)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.18 and traded as high as $1.30. Microvision shares last traded at $1.28, with a volume of 4,112,413 shares.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on MVIS shares. Westpark Capital restated a “buy” rating and issued a $2.00 price objective on shares of Microvision in a report on Friday, September 5th. Wall Street Zen upgraded Microvision from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Finally, D. Boral Capital restated a “buy” rating and set a $3.00 price objective on shares of Microvision in a research report on Tuesday, September 2nd. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $2.50.

Microvision Stock Down 0.8%

The stock has a 50 day simple moving average of $1.18 and a 200 day simple moving average of $1.18. The stock has a market cap of $385.23 million, a price-to-earnings ratio of -3.28 and a beta of 1.59.

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of MVIS. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Microvision by 312.1% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,760,933 shares of the electronics maker’s stock valued at $4,287,000 after buying an additional 2,848,292 shares during the last quarter. Millennium Management LLC boosted its position in Microvision by 10,387.0% in the fourth quarter. Millennium Management LLC now owns 1,125,670 shares of the electronics maker’s stock worth $1,475,000 after purchasing an additional 1,114,936 shares during the last quarter. GMT Capital Corp purchased a new position in Microvision in the first quarter worth $1,293,000. MCF Advisors LLC boosted its position in Microvision by 88.2% in the first quarter. MCF Advisors LLC now owns 1,851,660 shares of the electronics maker’s stock worth $2,296,000 after purchasing an additional 868,000 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in Microvision by 5.3% in the first quarter. Vanguard Group Inc. now owns 16,743,519 shares of the electronics maker’s stock worth $20,762,000 after purchasing an additional 842,858 shares during the last quarter. Hedge funds and other institutional investors own 30.90% of the company’s stock.

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.