Microvision’s (MVIS) Buy Rating Reaffirmed at D. Boral Capital

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

Several other equities analysts also recently issued reports on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Microvision in a report on Monday, December 29th. Westpark Capital reissued a “buy” rating and set a $2.00 target price on shares of Microvision in a research note on Tuesday, October 21st. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Microvision currently has an average rating of “Hold” and an average price target of $2.50.

Microvision Trading Up 6.9%

NASDAQ:MVIS opened at $0.91 on Tuesday. The stock has a 50 day moving average of $0.91 and a 200-day moving average of $1.09. The firm has a market capitalization of $278.65 million, a PE ratio of -2.47 and a beta of 1.29. Microvision has a 52 week low of $0.81 and a 52 week high of $1.93.

Microvision (NASDAQ:MVIS) last released its quarterly earnings data on Wednesday, November 12th. The electronics maker reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.01. The business had revenue of $0.24 million during the quarter, compared to analyst estimates of $0.23 million. Microvision had a negative return on equity of 131.03% and a negative net margin of 3,354.08%.

Institutional Trading of Microvision

Hedge funds and other institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC bought a new position in shares of Microvision in the first quarter valued at approximately $56,000. Focus Partners Wealth acquired a new stake in Microvision in the first quarter worth approximately $32,000. Wealth Enhancement Advisory Services LLC bought a new position in Microvision during the 2nd quarter valued at $38,000. Lakeside Advisors INC. increased its position in shares of Microvision by 66.5% during the 2nd quarter. Lakeside Advisors INC. now owns 102,638 shares of the electronics maker’s stock valued at $117,000 after purchasing an additional 41,000 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Microvision by 312.1% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,760,933 shares of the electronics maker’s stock worth $4,287,000 after buying an additional 2,848,292 shares in the last quarter. 30.90% of the stock is currently owned by institutional investors.

Microvision Company Profile

MicroVision, Inc (NASDAQ: MVIS) is a technology company specializing in laser scanning and sensing solutions. Founded in 1993 and headquartered in Redmond, Washington, MicroVision develops its proprietary PicoP® scanning technology, which integrates miniature lasers and microelectromechanical systems (MEMS) mirrors to create high-resolution projection displays and three-dimensional sensing systems. Over the years, the company has built a portfolio of patents and intellectual property focused on precision optics and laser-based signal processing.

At the core of MicroVision’s offerings is its display platform, which enables compact, energy-efficient projection for augmented reality (AR) headsets, head-up displays (HUDs) in automotive environments, and consumer electronics applications such as pico projectors.