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

D. Boral Capital reiterated their buy rating on shares of Microvision (NASDAQ:MVIS) in a research note published on Tuesday,Benzinga reports. They currently have a $3.00 price objective on the electronics maker’s stock.

A number of other research firms have also recently weighed in on MVIS. Weiss Ratings reissued a “sell (d-)” rating on shares of Microvision in a research note on Monday, December 29th. Westpark Capital reiterated a “buy” rating and issued a $2.00 price objective on shares of Microvision in a research note on Tuesday, October 21st. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Microvision currently has an average rating of “Hold” and an average price target of $2.50.

Microvision Trading Down 7.7%

Shares of NASDAQ MVIS opened at $0.85 on Tuesday. The firm has a market capitalization of $259.01 million, a price-to-earnings ratio of -2.29 and a beta of 1.29. Microvision has a one year low of $0.81 and a one year high of $1.93. The business has a fifty day simple moving average of $0.91 and a 200 day simple moving average of $1.09.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of MVIS. Vanguard Group Inc. increased its holdings in Microvision by 12.4% during the 3rd quarter. Vanguard Group Inc. now owns 20,830,421 shares of the electronics maker’s stock valued at $25,830,000 after purchasing an additional 2,305,693 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Microvision by 7.7% during the second quarter. Geode Capital Management LLC now owns 5,994,533 shares of the electronics maker’s stock worth $6,835,000 after purchasing an additional 431,046 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Microvision by 312.1% in the second 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 buying an additional 2,848,292 shares in the last quarter. MCF Advisors LLC raised its holdings in shares of Microvision by 2.2% in the third quarter. MCF Advisors LLC now owns 1,907,907 shares of the electronics maker’s stock valued at $2,366,000 after buying an additional 41,488 shares during the last quarter. Finally, XTX Topco Ltd lifted its position in Microvision by 40.1% during the 3rd quarter. XTX Topco Ltd now owns 1,291,980 shares of the electronics maker’s stock worth $1,602,000 after buying an additional 370,002 shares in the last quarter. 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.