Ladenburg Thalmann slashes price target on MicroVision Inc. [MVIS] – find out why.

MicroVision Inc. [NASDAQ: MVIS] surged by $0.46 during the normal trading session on Monday and reaching a high of $14.64 during the day while it closed the day at $14.33. The company report on April 30, 2021 that MicroVision Announces First Quarter 2021 Results.

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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.

MicroVision Inc. stock has also loss -5.66% of its value over the past 7 days. However, MVIS stock has declined by -11.49% in the 3 months of the year. Over the past six months meanwhile, it has gained 646.35% and gained 166.36% year-on date.

The market cap for MVIS stock reached $2.34 billion, with 157.95 million shares outstanding and 156.90 million shares in the current float. Compared to the average trading volume of 25.34M shares, MVIS reached a trading volume of 7522447 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about 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 2.30, with the Price to Sales ratio for MVIS stock in the period of the last 12 months amounting to 1114.33. The Price to Book ratio for the last quarter was 32.57, with the Price to Cash per share for the same quarter was set at 0.46.

MVIS stock trade performance evaluation

MicroVision Inc. [MVIS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.66. With this latest performance, MVIS shares dropped by -20.26% in over the last four-week period, additionally plugging by 646.35% over the last 6 months – not to mention a rise of 1362.39% 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 49.03, with the RSI for the last a single of trading hit 48.94, and the three-weeks RSI is set at 49.45 for MicroVision Inc. [MVIS]. The present Moving Average for the last 50 days of trading for this stock 14.90, while it was recorded at 14.32 for the last single week of trading, and 7.79 for the last 200 days.

MicroVision Inc. [MVIS]: An insightful look at the core 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 Quick Ratio of 7.50 and a Current Ratio set at 7.50.

Earnings per share (EPS) analysis for MicroVision Inc. [MVIS] stock

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 Ownership positions

There are presently around $419 million, or 18.80% of MVIS stock, in the hands of institutional investors. The top three institutional holders of MVIS stocks are: VANGUARD GROUP INC with ownership of 6,581,070, which is approximately -0.387% of the company’s market cap and around 0.50% of the total institutional ownership; BLACKROCK INC., holding 2,626,464 shares of the stock with an approximate value of $37.64 million in MVIS stocks shares; and SUSQUEHANNA INTERNATIONAL GROUP, LLP, currently with $32.49 million in MVIS stock with ownership of nearly 5.61% of the company’s market capitalization.

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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 89 institutional holders increased their position in MicroVision Inc. [NASDAQ:MVIS] by around 8,950,277 shares. Additionally, 38 investors decreased positions by around 2,497,652 shares, while 22 investors held positions by with 17,762,727 shares. The mentioned changes placed institutional holdings at 29,210,656 shares, according to the latest SEC report filing. MVIS stock had 57 new institutional investments in for a total of 2,872,076 shares, while 13 institutional investors sold positions of 919,888 shares during the same period.

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