MicroVision (NASDAQ:MVIS) Earns Buy Rating from Analysts at Westpark Capital

Investment analysts at Westpark Capital began coverage on shares of MicroVision (NASDAQ:MVIS) in a research report issued on Thursday,Benzinga reports. The firm set a “buy” rating and a $1.30 price target on the electronics maker’s stock. Westpark Capital’s target price points to a potential upside of 43.63% from the stock’s current price.

MicroVision Stock Performance

Shares of NASDAQ MVIS opened at $0.91 on Thursday. The stock has a 50 day moving average price of $0.99 and a 200 day moving average price of $1.03. The stock has a market capitalization of $198.23 million, a PE ratio of -2.21 and a beta of 2.96. MicroVision has a 52 week low of $0.80 and a 52 week high of $2.98.

Institutional Trading of MicroVision

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Street Corp increased its holdings in shares of MicroVision by 0.7% during the 3rd quarter. State Street Corp now owns 5,095,629 shares of the electronics maker’s stock worth $5,809,000 after acquiring an additional 37,126 shares during the last quarter. Geode Capital Management LLC raised its holdings in MicroVision by 7.8% in the 3rd quarter. Geode Capital Management LLC now owns 4,999,592 shares of the electronics maker’s stock valued at $5,700,000 after acquiring an additional 363,292 shares during the period. Charles Schwab Investment Management Inc. lifted its position in MicroVision by 4.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,697,587 shares of the electronics maker’s stock worth $1,935,000 after acquiring an additional 65,712 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of MicroVision by 17.9% during the second quarter. Bank of New York Mellon Corp now owns 771,359 shares of the electronics maker’s stock worth $818,000 after acquiring an additional 117,035 shares during the period. Finally, BSW Wealth Partners grew its position in shares of MicroVision by 33.3% in the third quarter. BSW Wealth Partners now owns 400,000 shares of the electronics maker’s stock valued at $456,000 after purchasing an additional 100,000 shares during the last quarter. 30.90% of the stock is 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.