MicroVision (NASDAQ:MVIS) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

MicroVision, Inc. (NASDAQ:MVIS) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.12 and traded as high as $1.43. MicroVision shares last traded at $1.34, with a volume of 3,201,736 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on MVIS shares. Westpark Capital lifted their price objective on shares of MicroVision from $1.30 to $2.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. D. Boral Capital started coverage on shares of MicroVision in a research note on Monday, February 10th. They set a “buy” rating and a $3.00 price objective on the stock. Finally, StockNews.com upgraded shares of MicroVision to a “sell” rating in a research note on Friday, December 20th.

MicroVision Stock Up 31.6 %

The firm’s 50-day simple moving average is $1.34 and its 200 day simple moving average is $1.13. The stock has a market capitalization of $383.29 million, a P/E ratio of -4.27 and a beta of 2.87.

Institutional Investors Weigh In On MicroVision

Several hedge funds and other institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC raised its holdings in MicroVision by 38.4% during the 3rd quarter. SG Americas Securities LLC now owns 104,005 shares of the electronics maker’s stock worth $119,000 after buying an additional 28,846 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in MicroVision during the 3rd quarter valued at about $40,000. United Asset Strategies Inc. purchased a new position in MicroVision during the 3rd quarter valued at about $46,000. BSW Wealth Partners grew its stake in MicroVision by 33.3% during the 3rd quarter. BSW Wealth Partners now owns 400,000 shares of the electronics maker’s stock valued at $456,000 after acquiring an additional 100,000 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new position in MicroVision during the 3rd quarter valued at about $56,000. 30.90% of the stock is currently owned by institutional investors.

MicroVision Company Profile

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.