D. Boral Capital Reiterates “Buy” Rating for MicroVision (NASDAQ:MVIS)

D. Boral Capital restated their buy rating on shares of MicroVision (NASDAQ:MVIS) in a report released on Tuesday,Benzinga reports. They currently have a $3.00 price objective on the electronics maker’s stock.

MVIS has been the subject of several other research reports. StockNews.com raised shares of MicroVision to a “sell” rating in a report on Monday, March 10th. Westpark Capital reissued a “buy” rating and issued a $2.00 target price on shares of MicroVision in a research note on Tuesday.

MicroVision Trading Down 6.5 %

NASDAQ:MVIS opened at $1.30 on Tuesday. MicroVision has a 1-year low of $0.80 and a 1-year high of $1.95. The firm has a market capitalization of $284.72 million, a price-to-earnings ratio of -3.17 and a beta of 2.63. The business’s 50-day moving average price is $1.42 and its two-hundred day moving average price is $1.20.

MicroVision (NASDAQ:MVIS) last announced its quarterly earnings results on Wednesday, March 26th. The electronics maker reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.04). The firm had revenue of $1.65 million during the quarter, compared to analyst estimates of $3.25 million. MicroVision had a negative net margin of 1,049.43% and a negative return on equity of 102.34%.

Institutional Investors Weigh In On MicroVision

Large investors have recently made changes to their positions in the stock. Invesco Ltd. lifted its position in MicroVision by 8.7% in the 4th quarter. Invesco Ltd. now owns 110,457 shares of the electronics maker’s stock valued at $145,000 after acquiring an additional 8,813 shares in the last quarter. Lakeside Advisors INC. raised its stake in shares of MicroVision by 19.4% in the 4th quarter. Lakeside Advisors INC. now owns 61,638 shares of the electronics maker’s stock valued at $81,000 after purchasing an additional 10,000 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of MicroVision by 226.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 22,852 shares of the electronics maker’s stock valued at $30,000 after purchasing an additional 15,861 shares in the last quarter. Synergy Asset Management LLC boosted its position in shares of MicroVision by 140.4% during the fourth quarter. Synergy Asset Management LLC now owns 30,252 shares of the electronics maker’s stock worth $38,000 after buying an additional 17,669 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of MicroVision by 4.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 451,837 shares of the electronics maker’s stock worth $592,000 after buying an additional 18,130 shares during the period. 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.