MicroVision (NASDAQ:MVIS) Releases Quarterly Earnings Results, Misses Expectations By $0.04 EPS

MicroVision (NASDAQ:MVIS) released its quarterly earnings data on Wednesday. The electronics maker reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.04), Zacks reports. MicroVision had a negative net margin of 1,049.43% and a negative return on equity of 102.34%.

MicroVision Stock Performance

MVIS stock traded down $0.13 during trading on Wednesday, hitting $1.39. 6,644,165 shares of the company’s stock traded hands, compared to its average volume of 3,759,246. MicroVision has a 52 week low of $0.80 and a 52 week high of $1.95. The stock has a market capitalization of $304.44 million, a price-to-earnings ratio of -3.39 and a beta of 2.63. The business has a fifty day simple moving average of $1.41 and a 200 day simple moving average of $1.20.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. StockNews.com upgraded shares of MicroVision to a “sell” rating in a report on Monday, March 10th. D. Boral Capital reaffirmed a “buy” rating and issued a $3.00 target price on shares of MicroVision in a report on Tuesday. Finally, Westpark Capital reissued a “buy” rating and set a $2.00 price target on shares of MicroVision in a research note on Tuesday.

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.