MicroVision Sees Unusually High Options Volume (NASDAQ:MVIS)

MicroVision, Inc. (NASDAQ:MVIS) saw unusually large options trading activity on Friday. Stock investors bought 11,174 call options on the stock. This is an increase of 125% compared to the average volume of 4,970 call options.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on MVIS shares. Westpark Capital started coverage on shares of MicroVision in a research report on Thursday, December 19th. They set a “buy” rating and a $1.30 price target for the company. StockNews.com raised shares of MicroVision to a “sell” rating in a research note on Friday, December 20th.

MicroVision Stock Performance

Shares of MVIS stock opened at $1.44 on Friday. MicroVision has a fifty-two week low of $0.80 and a fifty-two week high of $2.70. The firm has a market cap of $315.39 million, a P/E ratio of -3.51 and a beta of 2.87. The business’s 50 day moving average price is $1.07 and its 200-day moving average price is $1.07.

Institutional Trading of MicroVision

Several large investors have recently added to or reduced their stakes in MVIS. State Street Corp raised its holdings in MicroVision by 0.7% in the 3rd 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 in the last quarter. Geode Capital Management LLC raised its stake in MicroVision by 7.8% in the third quarter. Geode Capital Management LLC now owns 4,999,592 shares of the electronics maker’s stock worth $5,700,000 after buying an additional 363,292 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in MicroVision by 4.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,697,587 shares of the electronics maker’s stock worth $1,935,000 after buying an additional 65,712 shares during the period. Bank of New York Mellon Corp boosted its position in MicroVision by 17.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 771,359 shares of the electronics maker’s stock valued at $818,000 after acquiring an additional 117,035 shares in the last quarter. Finally, BSW Wealth Partners boosted its position in 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. Institutional investors own 30.90% of the company’s stock.

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.