Brokers

Brokers Set Expectations for MicroVision, Inc.’s FY2023 Earnings (NASDAQ:MVIS)


MicroVision, Inc. (NASDAQ:MVISGet Rating) – Analysts at Cantor Fitzgerald issued their FY2023 EPS estimates for MicroVision in a research report issued on Monday, June 6th. Cantor Fitzgerald analyst A. Sheppard anticipates that the electronics maker will post earnings of ($0.38) per share for the year. Cantor Fitzgerald has a “Neutral” rating and a $5.00 price objective on the stock.

MicroVision (NASDAQ:MVISGet Rating) last released its earnings results on Wednesday, April 27th. The electronics maker reported ($0.08) EPS for the quarter. MicroVision had a negative net margin of 2,114.59% and a negative return on equity of 36.14%. The business had revenue of $0.35 million for the quarter. During the same period in the previous year, the company posted ($0.04) earnings per share.

Separately, Zacks Investment Research lowered shares of MicroVision from a “hold” rating to a “sell” rating in a research note on Tuesday, May 10th.

MVIS stock opened at $3.89 on Wednesday. MicroVision has a 12 month low of $2.50 and a 12 month high of $24.69. The firm has a 50 day simple moving average of $3.55 and a 200 day simple moving average of $4.30.

Several large investors have recently modified their holdings of MVIS. Wells Fargo & Company MN lifted its position in shares of MicroVision by 1,495.0% in the 2nd quarter. Wells Fargo & Company MN now owns 56,209 shares of the electronics maker’s stock valued at $941,000 after acquiring an additional 52,685 shares in the last quarter. Morgan Stanley increased its stake in MicroVision by 60.9% in the 2nd quarter. Morgan Stanley now owns 276,577 shares of the electronics maker’s stock valued at $4,632,000 after buying an additional 104,653 shares during the period. Geode Capital Management LLC increased its stake in MicroVision by 3.1% in the 3rd quarter. Geode Capital Management LLC now owns 2,830,546 shares of the electronics maker’s stock valued at $31,277,000 after buying an additional 86,222 shares during the period. Credit Suisse AG increased its stake in MicroVision by 22.3% in the 3rd quarter. Credit Suisse AG now owns 112,546 shares of the electronics maker’s stock valued at $1,243,000 after buying an additional 20,498 shares during the period. Finally, Voya Investment Management LLC increased its stake in MicroVision by 2.9% in the 3rd quarter. Voya Investment Management LLC now owns 64,162 shares of the electronics maker’s stock valued at $709,000 after buying an additional 1,802 shares during the period. Institutional investors and hedge funds own 28.72% of the company’s stock.

MicroVision Company Profile (Get Rating)

MicroVision, Inc develops lidar sensors used in automotive safety and autonomous driving applications. Its laser beam scanning technology is based on micro-electrical mechanical systems, laser diodes, opto-mechanics, electronics, algorithms, and software. The company also develops micro-display concepts and designs for head-mounted augmented reality (AR) headsets, as well as 1440i MEMS module that can support AR headsets; Interactive Display modules used in smart speakers and other devices; and Consumer Lidar used in smart home systems.

Further Reading



Receive News & Ratings for MicroVision Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for MicroVision and related companies with MarketBeat.com’s FREE daily email newsletter.

Source link

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button
SUBSCRIBE TO OUR NEWSLETTER

Get our latest downloads and information first. Complete the form below to subscribe to our weekly newsletter.