MicroVision Inc. [MVIS] fell -15.32% so far this year. What now?

MicroVision Inc. [NASDAQ: MVIS] traded at a low on 04/20/23, posting a -5.69 loss after which it closed the day’ session at $1.99. The company report on April 14, 2023 at 6:30 PM that MicroVision Retail Investor Day Town Hall Session Available For Replay.

MicroVision, Inc. (NASDAQ:MVIS), a leader in MEMS-based solid-state automotive lidar and advanced driver-assistance systems (ADAS) solutions, today announced the Company’s Retail Investor Day Town Hall Session is available for replay HERE. The Town Hall Session included questions-and-answers.

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The MicroVision Retail Investor Day was held in Redmond, Washington on Friday, April 14, 2023. The event featured MicroVision’s demo vehicle, equipped with the company’s lidar hardware and software, driving on local streets and highways, as well as interactive live product demonstrations, technology deep-dives, and the Town Hall Session included questions-and-answers. Video highlights from the MicroVision Retail Investor Day will be available HERE within a week.

The results of the trading session contributed to over 3098709 shares changing hands. Over the past one week, the price volatility of MicroVision Inc. stands at 6.97% while the volatility over the past one month is 7.31%.

The market cap for MVIS stock reached $367.97 million, with 168.33 million shares outstanding and 164.61 million shares in the current float. Compared to the average trading volume of 2.21M shares, MVIS reached a trading volume of 3098709 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about MicroVision Inc. [MVIS]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MVIS shares is $5.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MVIS stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Cantor Fitzgerald have made an estimate for MicroVision Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on March 07, 2022. While these analysts kept the previous recommendation, Ladenburg Thalmann raised their target price to Buy. The new note on the price target was released on January 26, 2017, representing the official price target for MicroVision Inc. stock. Previously, the target price had yet another raise to $3.50, while Rodman & Renshaw analysts kept a Buy rating on MVIS stock. On November 13, 2013, analysts decreased their price target for MVIS shares from 4 to 3.50.

The Average True Range (ATR) for MicroVision Inc. is set at 0.16, with the Price to Sales ratio for MVIS stock in the period of the last 12 months amounting to 525.67. The Price to Book ratio for the last quarter was 3.75, with the Price to Cash per share for the same quarter was set at 0.45.

How has MVIS stock performed recently?

MicroVision Inc. [MVIS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -13.10. With this latest performance, MVIS shares dropped by -6.13% in over the last four-week period, additionally sinking by -43.47% over the last 6 months – not to mention a drop of -40.60% 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 32.31, with the RSI for the last a single of trading hit 24.06, and the three-weeks RSI is set at 36.86 for MicroVision Inc. [MVIS]. The present Moving Average for the last 50 days of trading for this stock 2.43, while it was recorded at 2.13 for the last single week of trading, and 3.38 for the last 200 days.

MicroVision Inc. [MVIS]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and MicroVision Inc. [MVIS] shares currently have an operating margin of -8115.96 and a Gross Margin at -253.31. MicroVision Inc.’s Net Margin is presently recorded at -7995.63.

Return on Total Capital for MVIS is now -48.02, given the latest momentum, and Return on Invested Capital for the company is -47.97. Return on Equity for this stock declined to -52.44, with Return on Assets sitting at -43.30. When it comes to the capital structure of this company, MicroVision Inc. [MVIS] has a Total Debt to Total Equity ratio set at 17.49. Additionally, MVIS Total Debt to Total Capital is recorded at 14.89, with Total Debt to Total Assets ending up at 13.65. Long-Term Debt to Equity for the company is recorded at 15.41, with the Long-Term Debt to Total Capital now at 13.12.

Reflecting on the efficiency of the workforce at the company, MicroVision Inc. [MVIS] managed to generate an average of -$151,689 per employee.MicroVision Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 7.80 and a Current Ratio set at 8.00.

Earnings analysis for MicroVision Inc. [MVIS]

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%.

Insider trade positions for MicroVision Inc. [MVIS]

There are presently around $109 million, or 30.80% of MVIS stock, in the hands of institutional investors. The top three institutional holders of MVIS stocks are: BLACKROCK INC. with ownership of 13,090,001, which is approximately 9.554% of the company’s market cap and around 0.40% of the total institutional ownership; VANGUARD GROUP INC, holding 10,309,847 shares of the stock with an approximate value of $21.75 million in MVIS stocks shares; and STATE STREET CORP, currently with $10.26 million in MVIS stock with ownership of nearly -0.258% of the company’s market capitalization.

Positions in MicroVision Inc. stocks held by institutional investors increased at the end of Thursday and at the time of the Thursday reporting period, where 62 institutional holders increased their position in MicroVision Inc. [NASDAQ:MVIS] by around 6,584,115 shares. Additionally, 61 investors decreased positions by around 3,440,816 shares, while 47 investors held positions by with 41,839,106 shares. The mentioned changes placed institutional holdings at 51,864,037 shares, according to the latest SEC report filing. MVIS stock had 25 new institutional investments in for a total of 1,409,027 shares, while 23 institutional investors sold positions of 1,317,080 shares during the same period.


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