MicroVision (NASDAQ:MVIS) Share Price Passes Above 200-Day Moving Average – Should You Sell?

MicroVision, Inc. (NASDAQ:MVIS)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.12 and traded as high as $1.43. MicroVision shares last traded at $1.34, with a volume of 3,201,736 shares changing hands.

Analysts Set New Price Targets

A number of analysts have issued reports on MVIS shares. StockNews.com raised MicroVision to a “sell” rating in a research note on Friday, December 20th. Westpark Capital increased their price objective on shares of MicroVision from $1.30 to $2.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Finally, D. Boral Capital assumed coverage on shares of MicroVision in a report on Monday, February 10th. They issued a “buy” rating and a $3.00 target price for the company.

MicroVision Stock Down 1.5 %

The company has a 50 day simple moving average of $1.32 and a 200 day simple moving average of $1.12. The company has a market capitalization of $293.49 million, a price-to-earnings ratio of -3.27 and a beta of 2.87.

Institutional Trading of MicroVision

A number of institutional investors and hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC grew its stake in MicroVision by 38.4% during the third quarter. SG Americas Securities LLC now owns 104,005 shares of the electronics maker’s stock worth $119,000 after buying an additional 28,846 shares during the period. Aaron Wealth Advisors LLC acquired a new position in shares of MicroVision during the 3rd quarter valued at $31,000. Allspring Global Investments Holdings LLC purchased a new stake in MicroVision during the 3rd quarter worth $40,000. United Asset Strategies Inc. acquired a new stake in MicroVision in the 3rd quarter valued at $46,000. Finally, BSW Wealth Partners raised its position in MicroVision by 33.3% in the third quarter. BSW Wealth Partners now owns 400,000 shares of the electronics maker’s stock valued at $456,000 after purchasing an additional 100,000 shares during the period. Institutional investors and hedge funds 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.