MicroVision (NASDAQ:MVIS) Earns Neutral Rating from Cantor Fitzgerald

Cantor Fitzgerald reiterated their neutral rating on shares of MicroVision (NASDAQ:MVIS) in a research note released on Monday morning, Benzinga reports. Cantor Fitzgerald currently has a $3.00 target price on the electronics maker’s stock.

MicroVision Price Performance

MVIS stock opened at $1.11 on Monday. MicroVision has a one year low of $0.86 and a one year high of $4.71. The stock has a market cap of $229.39 million, a price-to-earnings ratio of -2.36 and a beta of 3.04. The company has a fifty day moving average price of $1.19 and a two-hundred day moving average price of $1.83.

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

Institutional Trading of MicroVision

Several institutional investors have recently added to or reduced their stakes in MVIS. Vanguard Group Inc. lifted its holdings in shares of MicroVision by 5.4% during the first quarter. Vanguard Group Inc. now owns 14,474,551 shares of the electronics maker’s stock worth $26,633,000 after buying an additional 741,913 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in MicroVision by 63.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,463,069 shares of the electronics maker’s stock worth $6,372,000 after acquiring an additional 1,344,239 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in MicroVision by 20.5% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,337,576 shares of the electronics maker’s stock worth $5,914,000 after acquiring an additional 398,187 shares during the period. MCF Advisors LLC raised its stake in MicroVision by 2.7% in the 4th quarter. MCF Advisors LLC now owns 1,009,746 shares of the electronics maker’s stock worth $2,686,000 after purchasing an additional 27,000 shares in the last quarter. Finally, Coldstream Capital Management Inc. boosted its holdings in MicroVision by 9.6% in the 4th quarter. Coldstream Capital Management Inc. now owns 261,973 shares of the electronics maker’s stock valued at $697,000 after purchasing an additional 22,878 shares during the period. 30.90% of the stock is currently owned by institutional investors.

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.