MicroVision (NASDAQ:MVIS) Earns Buy Rating from Analysts at D. Boral Capital

Analysts at D. Boral Capital started coverage on shares of MicroVision (NASDAQ:MVIS) in a research report issued to clients and investors on Monday,Benzinga reports. The firm set a “buy” rating and a $3.00 price target on the electronics maker’s stock. D. Boral Capital’s target price suggests a potential upside of 98.68% from the stock’s previous close.

MVIS has been the topic of several other research reports. Westpark Capital upped their price objective on shares of MicroVision from $1.30 to $2.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. StockNews.com raised shares of MicroVision to a “sell” rating in a research note on Friday, December 20th.

MicroVision Trading Up 2.0 %

Shares of MicroVision stock opened at $1.51 on Monday. MicroVision has a 1 year low of $0.80 and a 1 year high of $2.70. The company has a market cap of $330.72 million, a P/E ratio of -3.68 and a beta of 2.87. The stock has a 50-day moving average price of $1.25 and a 200 day moving average price of $1.11.

MicroVision (NASDAQ:MVIS) last posted its quarterly earnings results on Thursday, November 7th. The electronics maker reported ($0.07) earnings per share (EPS) for the quarter. The company had revenue of $0.19 million during the quarter. MicroVision had a negative return on equity of 102.34% and a negative net margin of 1,049.43%. During the same period last year, the business earned ($0.12) earnings per share.

Institutional Investors Weigh In On MicroVision

Large investors have recently made changes to their positions in the company. Caitlin John LLC bought a new position in MicroVision during the fourth quarter valued at approximately $26,000. Aaron Wealth Advisors LLC acquired a new position in shares of MicroVision during the 3rd quarter worth $31,000. Warwick Investment Management Inc. acquired a new position in shares of MicroVision during the 4th quarter worth $37,000. Synergy Asset Management LLC raised its holdings in shares of MicroVision by 140.4% during the 4th quarter. Synergy Asset Management LLC now owns 30,252 shares of the electronics maker’s stock valued at $38,000 after purchasing an additional 17,669 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of MicroVision in the 3rd quarter valued at $40,000. 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.