Microvision, Inc. (NASDAQ:MVIS) Director Brian V. Turner bought 35,000 shares of the firm’s stock in a transaction on Thursday, November 14th. The shares were acquired at an average cost of $0.88 per share, with a total value of $30,800.00. Following the purchase, the director now directly owns 198,877 shares of the company’s stock, valued at approximately $175,011.76. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of NASDAQ MVIS traded down $0.01 on Monday, reaching $0.81. 637,256 shares of the company’s stock traded hands, compared to its average volume of 473,390. Microvision, Inc. has a 12 month low of $0.51 and a 12 month high of $1.44. The business’s 50 day simple moving average is $0.70 and its two-hundred day simple moving average is $0.73. The company has a market cap of $116.91 million, a price-to-earnings ratio of -2.61 and a beta of 0.61.
Microvision (NASDAQ:MVIS) last announced its earnings results on Wednesday, November 6th. The electronics maker reported ($0.05) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.01. Microvision had a negative net margin of 574.86% and a negative return on equity of 1,277.02%. The business had revenue of $1.19 million during the quarter, compared to the consensus estimate of $1.28 million. Analysts expect that Microvision, Inc. will post -0.27 earnings per share for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Taylor Frigon Capital Management LLC increased its stake in shares of Microvision by 117.6% during the third quarter. Taylor Frigon Capital Management LLC now owns 2,529,136 shares of the electronics maker’s stock valued at $1,500,000 after purchasing an additional 1,367,064 shares in the last quarter. BlackRock Inc. increased its stake in shares of Microvision by 2.7% during the second quarter. BlackRock Inc. now owns 1,611,229 shares of the electronics maker’s stock valued at $1,298,000 after purchasing an additional 41,641 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Microvision by 230.8% during the second quarter. Bank of New York Mellon Corp now owns 132,663 shares of the electronics maker’s stock valued at $107,000 after purchasing an additional 92,562 shares in the last quarter. 20.92% of the stock is owned by institutional investors and hedge funds.
MVIS has been the subject of a number of analyst reports. ValuEngine downgraded shares of Microvision from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. Zacks Investment Research raised shares of Microvision from a “hold” rating to a “buy” rating and set a $0.75 target price for the company in a research note on Tuesday, November 12th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $2.08.
MicroVision, Inc develops PicoP scanning technology to create high-resolution miniature projection, and three-dimensional sensing and image capture solutions in the United States and Asia. Its PicoP scanning technology includes micro-electrical mechanical systems, laser diodes, opto-mechanics, and electronics.
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