MicroVision’s (MVIS) “Neutral” Rating Reaffirmed at Cantor Fitzgerald

Cantor Fitzgerald reaffirmed their neutral rating on shares of MicroVision (NASDAQ:MVIS) in a report published on Monday, Benzinga reports. The firm currently has a $3.00 price target on the electronics maker’s stock.

MicroVision Price Performance

MVIS stock opened at $1.16 on Monday. MicroVision has a 1-year low of $0.86 and a 1-year high of $4.04. The business has a fifty day moving average price of $1.10 and a 200-day moving average price of $1.67. The stock has a market capitalization of $239.73 million, a P/E ratio of -2.47 and a beta of 3.04.

MicroVision (NASDAQ:MVIS) last issued its earnings results on Thursday, May 9th. The electronics maker reported ($0.13) earnings per share for the quarter. MicroVision had a negative return on equity of 90.04% and a negative net margin of 1,212.54%. The business had revenue of $0.96 million during the quarter. During the same period last year, the business posted ($0.11) earnings per share. As a group, analysts anticipate that MicroVision will post -0.49 earnings per share for the current year.

Hedge Funds Weigh In On MicroVision

A number of hedge funds have recently bought and sold shares of MVIS. Vanguard Group Inc. raised its position in MicroVision by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 13,243,413 shares of the electronics maker’s stock worth $29,003,000 after buying an additional 159,561 shares during the last quarter. SG Americas Securities LLC raised its position in MicroVision by 202.2% in the 4th quarter. SG Americas Securities LLC now owns 112,893 shares of the electronics maker’s stock worth $300,000 after buying an additional 75,534 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of MicroVision by 166.0% during the 4th quarter. International Assets Investment Management LLC now owns 93,100 shares of the electronics maker’s stock valued at $248,000 after purchasing an additional 58,100 shares during the period. Daiwa Securities Group Inc. grew its stake in shares of MicroVision by 163.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 29,406 shares of the electronics maker’s stock valued at $78,000 after purchasing an additional 18,226 shares during the period. Finally, MCF Advisors LLC grew its stake in shares of MicroVision by 2.7% during the 4th quarter. MCF Advisors LLC now owns 1,009,746 shares of the electronics maker’s stock valued at $2,686,000 after purchasing an additional 27,000 shares during the period. Hedge funds and other institutional investors 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.