Wealth Enhancement Advisory Services LLC Acquires New Position in Microvision, Inc. $MVIS

Wealth Enhancement Advisory Services LLC bought a new stake in shares of Microvision, Inc. (NASDAQ:MVIS) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 33,398 shares of the electronics maker’s stock, valued at approximately $38,000.

Several other institutional investors also recently made changes to their positions in the stock. GMT Capital Corp bought a new position in Microvision in the 1st quarter worth approximately $1,293,000. MCF Advisors LLC grew its holdings in Microvision by 88.2% in the 1st quarter. MCF Advisors LLC now owns 1,851,660 shares of the electronics maker’s stock worth $2,296,000 after buying an additional 868,000 shares in the last quarter. Vanguard Group Inc. grew its holdings in Microvision by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 16,743,519 shares of the electronics maker’s stock worth $20,762,000 after buying an additional 842,858 shares in the last quarter. Nuveen LLC bought a new position in Microvision in the 1st quarter worth approximately $605,000. Finally, MYDA Advisors LLC bought a new position in Microvision in the 1st quarter worth approximately $296,000. 30.90% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MVIS. Westpark Capital reissued a “buy” rating and issued a $2.00 price objective on shares of Microvision in a report on Friday, September 5th. Weiss Ratings reissued a “sell (e+)” rating on shares of Microvision in a report on Wednesday, October 8th. Wall Street Zen raised Microvision from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Finally, D. Boral Capital reissued a “buy” rating and issued a $3.00 price objective on shares of Microvision in a report on Tuesday, September 2nd. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Microvision has an average rating of “Hold” and a consensus target price of $2.50.

Microvision Trading Down 7.4%

Shares of NASDAQ:MVIS opened at $1.26 on Monday. Microvision, Inc. has a 1 year low of $0.80 and a 1 year high of $1.95. The business has a fifty day simple moving average of $1.19 and a 200 day simple moving average of $1.18. The firm has a market cap of $379.21 million, a price-to-earnings ratio of -3.23 and a beta of 1.70.

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

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.