MicroVision (NASDAQ:MVIS) Posts Quarterly Earnings Results, Misses Estimates By $0.04 EPS

MicroVision (NASDAQ:MVIS) posted its quarterly earnings results 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 Trading Down 8.6 %

Shares of MVIS stock traded down $0.13 on Wednesday, reaching $1.39. The company had a trading volume of 6,799,680 shares, compared to its average volume of 3,760,439. The company has a 50-day moving average of $1.41 and a 200-day moving average of $1.20. MicroVision has a 12 month low of $0.80 and a 12 month high of $1.95. The stock has a market cap of $304.44 million, a PE ratio of -3.39 and a beta of 2.63.

Analyst Ratings Changes

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

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.