MicroVision (NASDAQ:MVIS) Stock Price Expected to Rise, Westpark Capital Analyst Says

MicroVision (NASDAQ:MVIS) had its price objective increased by analysts at Westpark Capital from $1.30 to $2.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the electronics maker’s stock. Westpark Capital’s price objective indicates a potential upside of 9.89% from the company’s previous close.

Separately, StockNews.com upgraded MicroVision to a “sell” rating in a research report on Friday, December 20th.

MicroVision Price Performance

NASDAQ MVIS opened at $1.82 on Wednesday. MicroVision has a 12 month low of $0.80 and a 12 month high of $2.70. The company has a market capitalization of $398.62 million, a P/E ratio of -4.44 and a beta of 2.87. The company’s 50 day simple moving average is $1.10 and its 200 day simple moving average is $1.08.

MicroVision (NASDAQ:MVIS) last announced its quarterly earnings data on Thursday, November 7th. The electronics maker reported ($0.07) EPS for the quarter. The company 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 in the previous year, the business earned ($0.12) EPS. On average, analysts anticipate that MicroVision will post -0.49 earnings per share for the current year.

Hedge Funds Weigh In On MicroVision

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sei Investments Co. purchased a new stake in shares of MicroVision in the second quarter valued at $27,000. Aaron Wealth Advisors LLC acquired a new position in MicroVision during the third quarter valued at $31,000. XTX Topco Ltd purchased a new stake in MicroVision in the 2nd quarter worth about $32,000. Synergy Asset Management LLC boosted its position in MicroVision by 140.4% during the 4th quarter. Synergy Asset Management LLC now owns 30,252 shares of the electronics maker’s stock worth $38,000 after acquiring an additional 17,669 shares during the period. Finally, Allspring Global Investments Holdings LLC purchased a new position in MicroVision during the 3rd quarter valued at about $40,000. 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.