MicroVision (NASDAQ:MVIS) Stock Passes Above 200 Day Moving Average – What’s Next?

MicroVision, Inc. (NASDAQ:MVIS) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $1.09 and traded as high as $1.62. MicroVision shares last traded at $1.49, with a volume of 3,973,974 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on MVIS shares. Westpark Capital boosted their price target on shares of MicroVision from $1.30 to $2.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. StockNews.com raised shares of MicroVision to a “sell” rating in a report on Friday, December 20th.

MicroVision Stock Performance

The business’s 50-day moving average is $1.17 and its two-hundred day moving average is $1.09. The firm has a market capitalization of $326.34 million, a price-to-earnings ratio of -3.63 and a beta of 2.87.

MicroVision (NASDAQ:MVIS) last posted its earnings results on Thursday, November 7th. The electronics maker reported ($0.07) earnings per share for the quarter. MicroVision had a negative return on equity of 102.34% and a negative net margin of 1,049.43%. The firm had revenue of $0.19 million during the quarter. During the same quarter in the previous year, the business posted ($0.12) EPS. Analysts forecast that MicroVision, Inc. will post -0.49 EPS for the current year.

Institutional Investors Weigh In On MicroVision

Several large investors have recently modified their holdings of the business. Caitlin John LLC bought a new position in shares of MicroVision during the 4th quarter valued at about $26,000. Sei Investments Co. acquired a new stake in MicroVision during the 2nd quarter worth approximately $27,000. Aaron Wealth Advisors LLC bought a new position in MicroVision in the third quarter valued at approximately $31,000. XTX Topco Ltd acquired a new position in shares of MicroVision in the second quarter valued at approximately $32,000. Finally, Synergy Asset Management LLC increased its position in shares of MicroVision by 140.4% during the fourth 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 in the last quarter. 30.90% of the stock is currently owned by institutional investors.

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.