Microvision’s (MVIS) “Buy” Rating Reiterated at D. Boral Capital

Microvision (NASDAQ:MVIS)‘s stock had its “buy” rating reissued by equities researchers at D. Boral Capital in a report released on Tuesday,Benzinga reports. They currently have a $3.00 target price on the electronics maker’s stock. D. Boral Capital’s target price indicates a potential upside of 237.84% from the company’s previous close.

Several other equities analysts also recently issued reports on MVIS. Westpark Capital reiterated a “buy” rating and set a $2.00 price target on shares of Microvision in a report on Tuesday, October 21st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Microvision in a research report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $2.50.

Microvision Trading Up 4.0%

NASDAQ:MVIS traded up $0.03 on Tuesday, hitting $0.89. The company’s stock had a trading volume of 2,864,779 shares, compared to its average volume of 3,081,808. Microvision has a one year low of $0.81 and a one year high of $1.93. The firm has a market capitalization of $271.20 million, a P/E ratio of -2.40 and a beta of 1.29. The stock has a fifty day moving average of $0.91 and a two-hundred day moving average of $1.09.

Microvision (NASDAQ:MVIS) last announced its earnings results on Wednesday, November 12th. The electronics maker reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01. The firm had revenue of $0.24 million for the quarter, compared to analyst estimates of $0.23 million. Microvision had a negative net margin of 3,354.08% and a negative return on equity of 131.03%.

Institutional Trading of Microvision

A number of hedge funds have recently made changes to their positions in the stock. XTX Topco Ltd raised its stake in shares of Microvision by 561.1% during the second quarter. XTX Topco Ltd now owns 921,978 shares of the electronics maker’s stock valued at $1,051,000 after acquiring an additional 782,524 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Microvision by 312.1% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,760,933 shares of the electronics maker’s stock valued at $4,287,000 after purchasing an additional 2,848,292 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in Microvision in the 2nd quarter worth approximately $38,000. Lakeside Advisors INC. increased its stake in shares of Microvision by 66.5% during the second quarter. Lakeside Advisors INC. now owns 102,638 shares of the electronics maker’s stock valued at $117,000 after buying an additional 41,000 shares during the period. Finally, Russell Investments Group Ltd. bought a new position in shares of Microvision during the third quarter valued at approximately $26,000. 30.90% of the stock is owned by institutional investors.

Microvision Company Profile

MicroVision, Inc (NASDAQ: MVIS) is a technology company specializing in laser scanning and sensing solutions. Founded in 1993 and headquartered in Redmond, Washington, MicroVision develops its proprietary PicoP® scanning technology, which integrates miniature lasers and microelectromechanical systems (MEMS) mirrors to create high-resolution projection displays and three-dimensional sensing systems. Over the years, the company has built a portfolio of patents and intellectual property focused on precision optics and laser-based signal processing.

At the core of MicroVision’s offerings is its display platform, which enables compact, energy-efficient projection for augmented reality (AR) headsets, head-up displays (HUDs) in automotive environments, and consumer electronics applications such as pico projectors.