D. Boral Capital Initiates Coverage on MicroVision (NASDAQ:MVIS)

Investment analysts at D. Boral Capital started coverage on shares of MicroVision (NASDAQ:MVIS) in a report issued on Monday,Benzinga reports. The brokerage set a “buy” rating and a $3.00 price target on the electronics maker’s stock. D. Boral Capital’s target price suggests a potential upside of 98.68% from the stock’s current price.

Several other research firms have also recently weighed in on MVIS. StockNews.com raised MicroVision to a “sell” rating in a research report on Friday, December 20th. Westpark Capital upped their target price on shares of MicroVision from $1.30 to $2.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd.

MicroVision Price Performance

MVIS stock opened at $1.51 on Monday. The stock has a market capitalization of $330.72 million, a price-to-earnings ratio of -3.68 and a beta of 2.87. The company has a 50-day moving average of $1.25 and a two-hundred day moving average of $1.11. MicroVision has a 52-week low of $0.80 and a 52-week high of $2.70.

MicroVision (NASDAQ:MVIS) last announced its earnings results on Thursday, November 7th. The electronics maker reported ($0.07) earnings per share for the quarter. The business had revenue of $0.19 million for the quarter. MicroVision had a negative net margin of 1,049.43% and a negative return on equity of 102.34%. During the same period last year, the firm posted ($0.12) EPS.

Institutional Trading of MicroVision

Hedge funds have recently modified their holdings of the company. State Street Corp lifted its position in MicroVision by 0.7% in the third quarter. State Street Corp now owns 5,095,629 shares of the electronics maker’s stock worth $5,809,000 after purchasing an additional 37,126 shares during the period. Geode Capital Management LLC lifted its holdings in shares of MicroVision by 7.8% during the 3rd quarter. Geode Capital Management LLC now owns 4,999,592 shares of the electronics maker’s stock worth $5,700,000 after acquiring an additional 363,292 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of MicroVision by 7.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,832,066 shares of the electronics maker’s stock worth $2,400,000 after acquiring an additional 134,479 shares during the period. BSW Wealth Partners boosted its position in shares of MicroVision by 33.3% during the 3rd quarter. BSW Wealth Partners now owns 400,000 shares of the electronics maker’s stock valued at $456,000 after acquiring an additional 100,000 shares in the last quarter. Finally, Coldstream Capital Management Inc. increased its stake in MicroVision by 7.1% in the third quarter. Coldstream Capital Management Inc. now owns 304,964 shares of the electronics maker’s stock valued at $348,000 after acquiring an additional 20,113 shares during the period. 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.