Wall Street Zen Upgrades Microvision (NASDAQ:MVIS) to “Sell”

Microvision (NASDAQ:MVIS) was upgraded by investment analysts at Wall Street Zen to a “sell” rating in a report released on Saturday.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Microvision in a research report on Tuesday, June 2nd. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $37.50.

Microvision Stock Performance

Shares of NASDAQ MVIS opened at $3.38 on Friday. The stock has a market cap of $74.77 million, a PE ratio of -0.62 and a beta of 1.27. The business has a fifty day moving average of $5.03 and a two-hundred day moving average of $8.45. Microvision has a 52-week low of $3.11 and a 52-week high of $23.10.

Microvision (NASDAQ:MVIS) last issued its earnings results on Thursday, August 6th. The electronics maker reported ($1.66) EPS for the quarter, missing the consensus estimate of ($0.75) by ($0.91). The firm had revenue of $1.47 million during the quarter, compared to analyst estimates of $1.00 million. Microvision had a negative net margin of 3,976.67% and a negative return on equity of 184.40%.

Institutional Trading of Microvision

Institutional investors have recently bought and sold shares of the business. Bank of America Corp DE raised its position in shares of Microvision by 206.1% during the 1st quarter. Bank of America Corp DE now owns 1,396,280 shares of the electronics maker’s stock valued at $895,000 after acquiring an additional 940,115 shares during the last quarter. Royal Bank of Canada boosted its position in shares of Microvision by 97.6% in the 1st quarter. Royal Bank of Canada now owns 43,368 shares of the electronics maker’s stock worth $27,000 after purchasing an additional 21,423 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Microvision by 3.0% during the first quarter. Bank of New York Mellon Corp now owns 697,357 shares of the electronics maker’s stock worth $447,000 after purchasing an additional 20,032 shares during the period. Private Advisor Group LLC grew its stake in shares of Microvision by 91.8% during the first quarter. Private Advisor Group LLC now owns 110,758 shares of the electronics maker’s stock worth $71,000 after purchasing an additional 53,000 shares during the period. Finally, Numerai GP LLC acquired a new stake in shares of Microvision during the fourth quarter worth $56,000. Institutional investors and hedge funds own 30.90% of the company’s stock.

About Microvision

MicroVision, Inc (NASDAQ: MVIS) is a technology company specializing in laser scanning and sensing solutions. Founded in 1993 and headquartered in Redmond, Washington, MicroVision develops its proprietary PicoP® scanning technology, which integrates miniature lasers and microelectromechanical systems (MEMS) mirrors to create high-resolution projection displays and three-dimensional sensing systems. Over the years, the company has built a portfolio of patents and intellectual property focused on precision optics and laser-based signal processing.

At the core of MicroVision’s offerings is its display platform, which enables compact, energy-efficient projection for augmented reality (AR) headsets, head-up displays (HUDs) in automotive environments, and consumer electronics applications such as pico projectors.