MicroVision’s (MVIS) “Buy” Rating Reaffirmed at D. Boral Capital

MicroVision (NASDAQ:MVIS)‘s stock had its “buy” rating reaffirmed by research analysts at D. Boral Capital in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $3.00 target price on the electronics maker’s stock. D. Boral Capital’s target price suggests a potential upside of 85.19% from the stock’s current price.

Other equities analysts have also recently issued reports about the stock. StockNews.com raised shares of MicroVision to a “sell” rating in a report on Monday, March 10th. Westpark Capital restated a “buy” rating and issued a $2.00 price objective on shares of MicroVision in a research note on Tuesday.

MicroVision Stock Up 9.5 %

MVIS opened at $1.62 on Tuesday. MicroVision has a 52 week low of $0.80 and a 52 week high of $1.95. The business’s 50 day moving average is $1.41 and its two-hundred day moving average is $1.20. The firm has a market cap of $354.81 million, a price-to-earnings ratio of -3.95 and a beta of 2.63.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of MVIS. Vanguard Group Inc. increased its stake in MicroVision by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 15,900,661 shares of the electronics maker’s stock valued at $20,830,000 after buying an additional 297,166 shares during the period. Geode Capital Management LLC increased its stake in shares of MicroVision by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 5,106,576 shares of the electronics maker’s stock worth $6,691,000 after acquiring an additional 106,984 shares during the period. State Street Corp increased its stake in shares of MicroVision by 0.7% during the third quarter. State Street Corp now owns 5,095,629 shares of the electronics maker’s stock worth $5,809,000 after acquiring an additional 37,126 shares during the period. Charles Schwab Investment Management Inc. lifted its position in MicroVision by 7.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,832,066 shares of the electronics maker’s stock valued at $2,400,000 after purchasing an additional 134,479 shares during the period. Finally, Northern Trust Corp lifted its position in MicroVision by 5.3% in the fourth quarter. Northern Trust Corp now owns 1,829,877 shares of the electronics maker’s stock valued at $2,397,000 after purchasing an additional 91,930 shares during the period. Institutional investors and hedge funds own 30.90% of the company’s stock.

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.