Shares of Microvision, Inc. (NASDAQ:MVIS – Free Report) are going to reverse split on Monday, August 3rd. The 1-15 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, August 2nd.
Microvision Price Performance
Shares of Microvision stock opened at $0.25 on Friday. The firm’s fifty day simple moving average is $0.41 and its 200-day simple moving average is $0.61. Microvision has a 12 month low of $0.25 and a 12 month high of $1.62. The stock has a market capitalization of $83.47 million, a price-to-earnings ratio of -0.81 and a beta of 1.24.
Microvision (NASDAQ:MVIS – Get Free Report) last released its quarterly earnings results on Wednesday, May 13th. The electronics maker reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.03). The business had revenue of $0.94 million during the quarter, compared to analysts’ expectations of $0.20 million. Microvision had a negative net margin of 5,887.77% and a negative return on equity of 139.20%.
Wall Street Analysts Forecast Growth
View Our Latest Analysis on MVIS
Institutional Investors Weigh In On Microvision
Several hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. purchased a new position in Microvision in the 3rd quarter valued at $26,000. Royal Bank of Canada increased its stake in Microvision by 97.6% in the 1st quarter. Royal Bank of Canada now owns 43,368 shares of the electronics maker’s stock valued at $27,000 after buying an additional 21,423 shares during the period. BNP Paribas Financial Markets raised its position in Microvision by 114.4% during the 2nd quarter. BNP Paribas Financial Markets now owns 25,744 shares of the electronics maker’s stock worth $29,000 after buying an additional 13,735 shares during the last quarter. Focus Partners Wealth purchased a new position in Microvision during the 1st quarter worth $32,000. Finally, CIBC Bancorp USA Inc. purchased a new position in Microvision during the 3rd quarter worth $33,000. 30.90% of the stock is owned by institutional investors and hedge funds.
About Microvision
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.
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