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

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

A number of other equities research analysts have also issued reports on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Microvision in a report on Wednesday, October 8th. Westpark Capital restated a “buy” rating and set a $2.00 target price on shares of Microvision in a research report on Tuesday, October 21st. Finally, Wall Street Zen upgraded shares of Microvision from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Microvision presently has a consensus rating of “Hold” and a consensus target price of $2.50.

Microvision Stock Up 0.1%

NASDAQ:MVIS opened at $0.92 on Wednesday. The business’s 50-day simple moving average is $1.21 and its two-hundred day simple moving average is $1.18. Microvision has a 52 week low of $0.80 and a 52 week high of $1.95. The stock has a market cap of $275.41 million, a PE ratio of -2.35 and a beta of 1.67.

Microvision (NASDAQ:MVIS) last released its quarterly earnings data on Tuesday, November 11th. The electronics maker reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01. The firm 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 146.46% and a negative net margin of 3,470.59%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in MVIS. Nuveen LLC bought a new position in shares of Microvision during the 1st quarter valued at approximately $605,000. MCF Advisors LLC boosted its stake in Microvision by 88.2% during the first 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 during the period. Wealth Enhancement Advisory Services LLC bought a new position in Microvision during the second quarter valued at $38,000. Charles Schwab Investment Management Inc. increased its position in Microvision by 1.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,854,528 shares of the electronics maker’s stock valued at $2,300,000 after acquiring an additional 22,462 shares during the last quarter. Finally, Private Advisor Group LLC raised its stake in shares of Microvision by 22.5% in the first quarter. Private Advisor Group LLC now owns 51,758 shares of the electronics maker’s stock valued at $64,000 after acquiring an additional 9,500 shares during the period. Hedge funds and other institutional investors 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.