MicroVision (NASDAQ:MVIS) Stock Rating Upgraded by StockNews.com

MicroVision (NASDAQ:MVIS) was upgraded by stock analysts at StockNews.com to a “sell” rating in a research note issued to investors on Friday.

Separately, Westpark Capital began coverage on MicroVision in a research report on Thursday. They set a “buy” rating and a $1.30 price target on the stock.

MicroVision Price Performance

MVIS traded up $0.04 during trading on Friday, reaching $0.99. 10,152,940 shares of the company’s stock were exchanged, compared to its average volume of 2,444,528. MicroVision has a 1 year low of $0.80 and a 1 year high of $2.98. The company’s fifty day simple moving average is $0.98 and its 200-day simple moving average is $1.03. The stock has a market capitalization of $215.80 million, a P/E ratio of -2.40 and a beta of 2.96.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Sei Investments Co. acquired a new position in MicroVision during the second quarter worth $27,000. Aaron Wealth Advisors LLC purchased a new stake in shares of MicroVision during the third quarter worth about $31,000. XTX Topco Ltd purchased a new stake in shares of MicroVision during the second quarter worth about $32,000. Allspring Global Investments Holdings LLC acquired a new position in shares of MicroVision during the 3rd quarter worth about $40,000. Finally, Hsbc Holdings PLC lifted its stake in MicroVision by 158.3% in the 2nd quarter. Hsbc Holdings PLC now owns 39,168 shares of the electronics maker’s stock valued at $41,000 after buying an additional 24,006 shares in the last quarter. 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.