MicroVision’s (MVIS) “Neutral” Rating Reaffirmed at Cantor Fitzgerald

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

MicroVision Price Performance

Shares of MVIS stock opened at $1.11 on Monday. The company has a market cap of $229.39 million, a PE ratio of -2.36 and a beta of 3.04. MicroVision has a 1 year low of $0.86 and a 1 year high of $4.71. The stock’s 50 day simple moving average is $1.19 and its two-hundred day simple moving average is $1.83.

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

Institutional Trading of MicroVision

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in MicroVision by 5.4% in the first quarter. Vanguard Group Inc. now owns 14,474,551 shares of the electronics maker’s stock worth $26,633,000 after purchasing an additional 741,913 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of MicroVision by 63.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,463,069 shares of the electronics maker’s stock worth $6,372,000 after buying an additional 1,344,239 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of 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 valued at $5,914,000 after buying an additional 398,187 shares during the period. MCF Advisors LLC raised its holdings in shares of MicroVision by 2.7% in the fourth quarter. MCF Advisors LLC now owns 1,009,746 shares of the electronics maker’s stock valued at $2,686,000 after acquiring an additional 27,000 shares in the last quarter. Finally, Coldstream Capital Management Inc. lifted its stake in MicroVision by 9.6% in the fourth quarter. Coldstream Capital Management Inc. now owns 261,973 shares of the electronics maker’s stock worth $697,000 after acquiring an additional 22,878 shares during the period. Hedge funds and other institutional investors own 30.90% of the company’s stock.

About MicroVision

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.