MicroVision Inc. [NASDAQ: MVIS] price plunged by -15.28 percent to reach at -$2.75. The company report on April 30, 2021 that MicroVision Announces First Quarter 2021 Results.
MicroVision, Inc. (NASDAQ: MVIS), a leader in MEMS based solid state automotive lidar and micro-display technology for augmented reality, announced its first quarter 2021 results.
Revenue for the first quarter of 2021 was $0.5 million, compared to $1.5 million for the first quarter of 2020. MicroVision’s net loss for the first quarter of 2021 was $6.2 million, or $0.04 per share, compared to a net loss of $4.9 million, or $0.04 per share for the first quarter of 2020. The Company ended the first quarter of 2021 with $75.3 million in cash and cash equivalents, compared to $16.9 million at the end of the fourth quarter of 2020.
A sum of 74012328 shares traded at recent session while its average daily volume was at 26.38M shares. MicroVision Inc. shares reached a high of $15.94 and dropped to a low of $13.87 until finishing in the latest session at $15.25.
Guru’s Opinion on MicroVision Inc. [MVIS]:
Ladenburg Thalmann have made an estimate for MicroVision Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 26, 2017. While these analysts kept the previous recommendation, Rodman & Renshaw raised their target price to Buy. The new note on the price target was released on December 17, 2015, representing the official price target for MicroVision Inc. stock. Previously, the target price had yet another drop from $4 to $3.50, while Northland Capital kept a Outperform rating on MVIS stock. On March 07, 2013, analysts decreased their price target for MVIS shares from 16 to 4.
The Average True Range (ATR) for MicroVision Inc. is set at 3.49, with the Price to Sales ratio for MVIS stock in the period of the last 12 months amounting to 1353.84. The Price to Book ratio for the last quarter was 34.66, with the Price to Cash per share for the same quarter was set at 0.40.
MVIS Stock Performance Analysis:
MicroVision Inc. [MVIS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -15.14. With this latest performance, MVIS shares dropped by -17.79% in over the last four-week period, additionally plugging by 532.78% over the last 6 months – not to mention a rise of 4258.39% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MVIS stock in for the last two-week period is set at 49.33, with the RSI for the last a single of trading hit 47.59, and the three-weeks RSI is set at 50.18 for MicroVision Inc. [MVIS]. The present Moving Average for the last 50 days of trading for this stock 15.41, while it was recorded at 20.17 for the last single week of trading, and 6.83 for the last 200 days.
Insight into MicroVision Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and MicroVision Inc. [MVIS] shares currently have an operating margin of -455.18 and a Gross Margin at +54.76. MicroVision Inc.’s Net Margin is presently recorded at -441.23.
Return on Total Capital for MVIS is now -172.45, given the latest momentum, and Return on Invested Capital for the company is -188.15. Return on Equity for this stock declined to -244.18, with Return on Assets sitting at -69.96. When it comes to the capital structure of this company, MicroVision Inc. [MVIS] has a Total Debt to Total Equity ratio set at 20.52. Additionally, MVIS Total Debt to Total Capital is recorded at 17.02, with Total Debt to Total Assets ending up at 11.45. Long-Term Debt to Equity for the company is recorded at 13.00, with the Long-Term Debt to Total Capital now at 10.79.
Reflecting on the efficiency of the workforce at the company, MicroVision Inc. [MVIS] managed to generate an average of -$262,192 per employee. Receivables Turnover for the company is 5.73 with a Total Asset Turnover recorded at a value of 0.16.MicroVision Inc.’s liquidity data is similarly interesting compelling, with a Current Ratio set at 7.50.
MVIS Stock EPS
With the latest financial reports released by the company, MicroVision Inc. posted -0.02/share EPS, while the average EPS was predicted by analysts to be reported at -0.01/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -100.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MVIS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for MicroVision Inc. go to 10.00%.
MicroVision Inc. [MVIS] Insider Position Details
There are presently around $355 million, or 14.90% of MVIS stock, in the hands of institutional investors. The top three institutional holders of MVIS stocks are: VANGUARD GROUP INC with ownership of 6,606,623, which is approximately 12.409% of the company’s market cap and around 0.40% of the total institutional ownership; BLACKROCK INC., holding 2,438,241 shares of the stock with an approximate value of $37.18 million in MVIS stocks shares; and SUSQUEHANNA INTERNATIONAL GROUP, LLP, currently with $32.74 million in MVIS stock with ownership of nearly 160.253% of the company’s market capitalization.
Positions in MicroVision Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 78 institutional holders increased their position in MicroVision Inc. [NASDAQ:MVIS] by around 10,414,450 shares. Additionally, 18 investors decreased positions by around 578,715 shares, while 18 investors held positions by with 12,264,535 shares. The mentioned changes placed institutional holdings at 23,257,700 shares, according to the latest SEC report filing. MVIS stock had 51 new institutional investments in for a total of 4,534,547 shares, while 7 institutional investors sold positions of 170,730 shares during the same period.