MicroVision Inc. (NASDAQ:MVIS) does about 11.83M shares in volume on a normal day but saw 4249760 shares change hands in Tuesday trading. The company now has a market cap of 217.86M USD and an enterprise value of about $225.70M. Its current market price is $1.59, marking an increase of 0.63% compared to the previous close of $1.58. The 52 week high reached by this stock is $3.45 whilst the lowest price level in 52 weeks is $0.15. The script in recent trading has seen the stock touch a high of $1.67 and a low of $1.48.
MicroVision Inc. (MVIS) has a 20-day trading average at $1.5712 and the current price is -53.91% off the 52-week high compared with 939.22% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.7169 and its 200-day simple moving average is $0.9101. If we look at the stock’s price movements over the week, volatility stands at 14.27%, which decreases to 13.33% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 49.83 to suggest the stock is neutral.
2 analysts observing the MicroVision Inc. (MVIS) stock have set the 12-month price targets for the company’s shares at between $0.25 and $0.25. The median price target is -536.0% away from the current levels at $0.25.
FactSet Research has provided data showing that 2 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 0 analysts have rated it as a buy and 2 have advised that investors hold their positions. The consensus recommendation rating is Hold and Wall Street’s advice is for investors to Hold the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on January 26, 2017 when Ladenburg Thalmann initiated the stock to “Buy” and issued a price target of $4.50. Northland Capital reiterated its price target at $4-$3.50.
The current price level is -1.78%, -7.55%, and 75.29% away from its SMA20, SMA50, and SMA200 respectively, with the MVIS price moving above the 50-day SMA on September 01. MicroVision Inc. (MVIS) stock is up 20.91% over the week and -20.50% over the past month. Its price is 120.83% year-to-date and 164.91% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2020, with the company’s earnings per share (EPS) of -$0.02 below consensus estimates by -$0.01. The company’s next earnings report is expected on 11/05/2020, with forecasts estimating quarterly EPS at -$0.02 and -$0.09 for whole year. Expected sales for next quarter are $580k, which analysts say will come at $3.2 million for the current fiscal year and next year at $202 million. In addition, estimates put the company’s current quarterly revenue at an average of $560k.
Its 12-month price target is $0.25. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $0.25, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $0.25.
Outstanding shares total 143.86M with insiders holding 1.58% of the shares and institutional holders owning 18.38% of the company’s common stock. The company has a return on investment of 661.80% and return on equity of 355.60%. The beta has a value of 3.24. Price to sales ratio is 27.58.
According to a U.S. Securities and Exchange Commission filing, Vanguard Total Stock Market Index has reduced its position in MicroVision Inc. (MVIS) to 3,989,231 shares, mirroring a recent drop by -7.29%. Vanguard Total Stock Market Index dumped -0.31 million shares of MicroVision Inc. common stock bringing its total worth to about $8.06 million at the end of recent close, SEC documents show. Vanguard Total Stock Market Index isn’t the only investment manager who changed stakes and is followed by Vanguard Extended Market Index Fu, which sold off 45001.0 shares to end up with 1,554,326 shares worth $3.14 million. Fidelity Extended Market Index Fu cut their holdings by 0.00% in the company over the course of the most recent quarter. It now holds a 0.38% position in MicroVision Inc. thanks to 0.54 million shares amounting to $1.1 million.