MicroVision (NASDAQ:MVIS) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Shares of MicroVision, Inc. (NASDAQ:MVIS) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.12 and traded as high as $1.43. MicroVision shares last traded at $1.34, with a volume of 3,201,736 shares traded.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. StockNews.com raised shares of MicroVision to a “sell” rating in a research report on Friday, December 20th. Westpark Capital raised their price target on shares of MicroVision from $1.30 to $2.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Finally, D. Boral Capital assumed coverage on shares of MicroVision in a research report on Monday, February 10th. They set a “buy” rating and a $3.00 price target for the company.

MicroVision Price Performance

The stock has a market cap of $383.29 million, a price-to-earnings ratio of -4.27 and a beta of 2.87. The business’s fifty day simple moving average is $1.34 and its 200 day simple moving average is $1.13.

Hedge Funds Weigh In On MicroVision

Several hedge funds and other institutional investors have recently modified their holdings of the company. Invesco Ltd. boosted its holdings in shares of MicroVision by 8.7% during the fourth quarter. Invesco Ltd. now owns 110,457 shares of the electronics maker’s stock valued at $145,000 after acquiring an additional 8,813 shares during the period. Lakeside Advisors INC. boosted its holdings in shares of MicroVision by 19.4% during the fourth quarter. Lakeside Advisors INC. now owns 61,638 shares of the electronics maker’s stock valued at $81,000 after acquiring an additional 10,000 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of MicroVision by 226.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 22,852 shares of the electronics maker’s stock valued at $30,000 after acquiring an additional 15,861 shares during the period. Synergy Asset Management LLC boosted its holdings in shares of MicroVision by 140.4% during the fourth quarter. Synergy Asset Management LLC now owns 30,252 shares of the electronics maker’s stock valued at $38,000 after acquiring an additional 17,669 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of MicroVision by 4.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 451,837 shares of the electronics maker’s stock valued at $592,000 after purchasing an additional 18,130 shares in the last quarter. Institutional investors and hedge funds own 30.90% of the company’s stock.

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.