MicroVision (NASDAQ:MVIS) Rating Increased to Sell at StockNews.com

StockNews.com upgraded shares of MicroVision (NASDAQ:MVIS) to a sell rating in a research note released on Monday morning.

Several other analysts have also commented on the stock. D. Boral Capital started coverage on shares of MicroVision in a research report on Monday, February 10th. They issued a “buy” rating and a $3.00 price target on the stock. Westpark Capital increased their price target on shares of MicroVision from $1.30 to $2.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd.

MicroVision Price Performance

MVIS stock opened at $1.03 on Monday. The company’s 50 day simple moving average is $1.41 and its 200-day simple moving average is $1.17. The firm has a market capitalization of $225.59 million, a PE 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.

Hedge Funds Weigh In On MicroVision

Hedge funds have recently made changes to their positions in the stock. Hudson Bay Capital Management LP purchased a new position in shares of MicroVision in the 4th quarter valued at $2,116,000. Renaissance Technologies LLC acquired a new position in shares of MicroVision in the 4th quarter valued at about $1,769,000. Millennium Management LLC grew its stake in shares of MicroVision by 10,387.0% in the fourth quarter. Millennium Management LLC now owns 1,125,670 shares of the electronics maker’s stock worth $1,475,000 after purchasing an additional 1,114,936 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of MicroVision by 686.5% in the fourth quarter. JPMorgan Chase & Co. now owns 708,518 shares of the electronics maker’s stock worth $928,000 after purchasing an additional 618,429 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of 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 purchasing an additional 363,292 shares in the last quarter. 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.