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

MicroVision (NASDAQ:MVISGet Free Report) 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.

Check Out Our Latest Stock Report on MVIS

MicroVision Company Profile

(Get 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 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.

Further Reading

Earnings History for MicroVision (NASDAQ:MVIS)

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