MicroVision (NASDAQ:MVIS) Gets Neutral Rating from Cantor Fitzgerald

Cantor Fitzgerald reaffirmed neutral rating on stock MicroVision (NASDAQ:MVIS – Free Report) in a research note published on Monday, Benzinga reports. They currently have a $3.00 price target on shares of the electronics manufacturer.

MicroVision Stock Performance

NASDAQ MVIS opened at $1.05 on Monday. MicroVision has a 52-week low of $0.86 and a 52-week high of $4.76. The company has a market cap of $216.99 million, a P/E ratio of -2.23 and a beta of 3.04. The company has a 50-day moving average of $1.21 and a 200-day moving average of $1.85.

MicroVision (NASDAQ:MVIS – Get Free Report) last released its quarterly earnings data on Thursday, May 9. The electronics maker reported ($0.13) earnings per share (EPS) for the quarter. The company had revenue of $0.96 million for the quarter. MicroVision had a negative return on equity of 90.04% and a negative net margin of 1212.54%. During the same period in the previous year, the company earned ($0.11) earnings per share. Analysts are forecasting that MicroVision will post -0.49 EPS for the current fiscal year.

Hedge funds rate MicroVision

Large investors have recently added to or reduced their holdings in the company. Alpine Global Management LLC bought a new position in shares of MicroVision in the first quarter worth about $39,000. Cardinal Point Capital Management ULC increased its stake in MicroVision by 60.2% in the fourth quarter. Cardinal Point Capital Management ULC now owns 23,961 shares of the electronics maker’s stock worth $64,000 after acquiring an additional 9,000 shares in the last quarter. Victory Capital Management Inc. increased its stake in MicroVision by 24.1% in the fourth quarter. Victory Capital Management Inc. now owns 25,355 shares of the electronics maker’s stock worth $67,000 after acquiring an additional 4,926 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in MicroVision by 163.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 29,406 shares of the electronics maker’s stock worth $78,000 after acquiring an additional 18,226 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new position in shares of MicroVision in the third quarter worth approximately $87,000. Hedge funds and other institutional investors own 30.90% of the company’s stock.

MicroVision Company Profile

(Download the free report)

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 measurement (lidar) and perception sensors; and validation software for automotive OEMs, advanced driver assistance systems, and autonomous vehicle applications, as well as non-automotive applications, including industrial, robotics, and intelligent infrastructure.

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