MicroVision Inc. (MVIS) Sees Unusually-High Trading Volume
MicroVision Inc. (NASDAQ:MVIS) shares saw unusually-strong trading volume on Tuesday . Approximately 155,397 shares changed hands during trading, a decline of 10% from the previous session’s volume of 172,108 shares.The stock last traded at $2.04 and had previously closed at $1.99.
Several research analysts have issued reports on MVIS shares. Oppenheimer Holdings Inc. reaffirmed a “market perform” rating on shares of MicroVision in a report on Tuesday, March 15th. Zacks Investment Research raised MicroVision from a “sell” rating to a “hold” rating in a research note on Wednesday, May 11th.
The firm’s 50-day moving average price is $1.84 and its 200-day moving average price is $2.20. The company’s market cap is $102.99 million.
MicroVision (NASDAQ:MVIS) last released its quarterly earnings results on Wednesday, April 27th. The company reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.01. The business earned $3.70 million during the quarter, compared to analyst estimates of $2.63 million. The firm’s quarterly revenue was up 311.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.09) earnings per share. On average, analysts forecast that MicroVision Inc. will post ($0.28) earnings per share for the current year.
Microvision, Inc is a developer of PicoP display technology which can be used by its customers to create high-resolution miniature laser display and imaging engines. The Company’s PicoP technology utilizes its two dimensional Micro-Electrical Mechanical Systems (MEMS), lasers, optics, and electronics to create a video or still image from a small form factor device.
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