MicroVision (NASDAQ:MVIS) Announces Quarterly Earnings Results

MicroVision (NASDAQ:MVIS) issued its quarterly earnings data on Wednesday. The electronics maker reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.04), Zacks reports. MicroVision had a negative net margin of 1,049.43% and a negative return on equity of 102.34%.

MicroVision Stock Performance

MVIS traded down $0.13 during midday trading on Wednesday, hitting $1.39. The company had a trading volume of 6,799,680 shares, compared to its average volume of 3,760,439. MicroVision has a twelve month low of $0.80 and a twelve month high of $1.95. The firm’s 50-day simple moving average is $1.41 and its 200-day simple moving average is $1.20. The company has a market capitalization of $304.44 million, a PE ratio of -3.39 and a beta of 2.63.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MVIS. D. Boral Capital reiterated a “buy” rating and set a $3.00 target price on shares of MicroVision in a research report on Tuesday. StockNews.com upgraded shares of MicroVision to a “sell” rating in a research note on Monday, March 10th. Finally, Westpark Capital reissued a “buy” rating and issued a $2.00 target price on shares of MicroVision in a report on Tuesday.

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.