Westpark Capital Increases MicroVision (NASDAQ:MVIS) Price Target to $2.00

MicroVision (NASDAQ:MVIS) had its target price hoisted by analysts at Westpark Capital from $1.30 to $2.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the electronics maker’s stock. Westpark Capital’s price objective would indicate a potential upside of 9.89% from the stock’s previous close.

Separately, StockNews.com raised MicroVision to a “sell” rating in a report on Friday, December 20th.

MicroVision Price Performance

MVIS stock opened at $1.82 on Wednesday. The firm has a market cap of $398.62 million, a price-to-earnings ratio of -4.44 and a beta of 2.87. MicroVision has a 1-year low of $0.80 and a 1-year high of $2.70. The firm has a fifty day moving average price of $1.10 and a two-hundred day moving average price of $1.08.

MicroVision (NASDAQ:MVIS) last announced its quarterly earnings data on Thursday, November 7th. The electronics maker reported ($0.07) earnings per share for the quarter. MicroVision had a negative net margin of 1,049.43% and a negative return on equity of 102.34%. The business had revenue of $0.19 million for the quarter. During the same period in the previous year, the company posted ($0.12) earnings per share. As a group, analysts expect that MicroVision will post -0.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of MVIS. Sei Investments Co. acquired a new position in shares of MicroVision during the second quarter worth approximately $27,000. Aaron Wealth Advisors LLC bought a new stake in MicroVision during the 3rd quarter valued at $31,000. XTX Topco Ltd acquired a new position in MicroVision during the 2nd quarter worth $32,000. Synergy Asset Management LLC grew its stake in shares of MicroVision by 140.4% in the fourth quarter. Synergy Asset Management LLC now owns 30,252 shares of the electronics maker’s stock worth $38,000 after purchasing an additional 17,669 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of MicroVision during the third quarter valued at $40,000. 30.90% of the stock is owned by institutional investors and hedge funds.

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.