Microvision Sees Unusually Large Options Volume (NASDAQ:MVIS)

Microvision, Inc. (NASDAQ:MVIS) saw some unusual options trading on Wednesday. Stock traders acquired 8,334 call options on the company. This is an increase of approximately 61% compared to the average volume of 5,175 call options.

Institutional Trading of Microvision

Several institutional investors and hedge funds have recently added to or reduced their stakes in MVIS. Focus Partners Wealth acquired a new position in Microvision in the first quarter worth approximately $32,000. BNP Paribas Financial Markets boosted its stake in shares of Microvision by 114.4% during the 2nd quarter. BNP Paribas Financial Markets now owns 25,744 shares of the electronics maker’s stock worth $29,000 after acquiring an additional 13,735 shares in the last quarter. Prudential Financial Inc. boosted its stake in shares of Microvision by 77.4% during the 2nd quarter. Prudential Financial Inc. now owns 30,520 shares of the electronics maker’s stock worth $35,000 after acquiring an additional 13,315 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Microvision in the 2nd quarter worth $38,000. Finally, Fiscal Wisdom Wealth Management LLC acquired a new position in shares of Microvision in the 3rd quarter worth $44,000. 30.90% of the stock is owned by institutional investors and hedge funds.

Microvision Stock Down 11.9%

Shares of MVIS stock opened at $0.94 on Thursday. The stock has a 50-day simple moving average of $1.21 and a 200 day simple moving average of $1.18. The stock has a market capitalization of $283.78 million, a P/E ratio of -2.42 and a beta of 1.67. Microvision has a fifty-two week low of $0.80 and a fifty-two week high of $1.95.

Microvision (NASDAQ:MVIS) last issued its quarterly earnings results on Tuesday, November 11th. The electronics maker reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.01. The company had revenue of $0.24 million during the quarter, compared to the consensus estimate of $0.23 million. Microvision had a negative net margin of 3,470.59% and a negative return on equity of 146.46%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on MVIS shares. D. Boral Capital restated a “buy” rating and issued a $3.00 target price on shares of Microvision in a research report on Wednesday. Westpark Capital restated a “buy” rating and set a $2.00 price objective on shares of Microvision in a research note on Tuesday, October 21st. Wall Street Zen raised shares of Microvision from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Microvision in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $2.50.

About Microvision

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.