MicroVision (NASDAQ:MVIS) Raised to “Sell” at StockNews.com

MicroVision (NASDAQ:MVIS) was upgraded by research analysts at StockNews.com to a “sell” rating in a note issued to investors on Monday.

Several other analysts also recently weighed in on the company. Westpark Capital upped their price target on MicroVision from $1.30 to $2.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. D. Boral Capital began coverage on MicroVision in a report on Monday, February 10th. They set a “buy” rating and a $3.00 price target on the stock.

MicroVision Stock Performance

Shares of NASDAQ MVIS traded down $0.13 during trading hours on Monday, hitting $1.03. The company’s stock had a trading volume of 5,871,987 shares, compared to its average volume of 3,693,415. The stock has a market cap of $225.59 million, a price-to-earnings ratio of -2.51 and a beta of 2.63. MicroVision has a 12 month low of $0.80 and a 12 month high of $2.53. The business has a 50-day simple moving average of $1.41 and a 200-day simple moving average of $1.17.

Institutional Investors Weigh In On MicroVision

Institutional investors and hedge funds have recently bought and sold shares of the business. Caitlin John LLC bought a new stake in MicroVision during the fourth quarter valued at about $26,000. Cibc World Markets Corp bought a new stake in MicroVision during the fourth quarter valued at about $26,000. Tower Research Capital LLC TRC raised its holdings in 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. Warwick Investment Management Inc. bought a new stake in MicroVision during the fourth quarter valued at about $37,000. Finally, Synergy Asset Management LLC raised its holdings in 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. 30.90% of the stock is owned by institutional investors.

MicroVision Company Profile

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.