MicroVision (NASDAQ:MVIS) Releases Quarterly Earnings Results, Misses Expectations By $0.04 EPS

MicroVision (NASDAQ:MVIS) posted its earnings results on Wednesday. The electronics maker reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.04), Zacks reports. The company had revenue of $1.65 million during the quarter, compared to analyst estimates of $3.25 million. MicroVision had a negative net margin of 1,049.43% and a negative return on equity of 102.34%.

MicroVision Stock Performance

Shares of MVIS stock traded down $0.09 during mid-day trading on Thursday, reaching $1.30. 5,973,244 shares of the company were exchanged, compared to its average volume of 3,780,690. The business’s 50 day simple moving average is $1.42 and its 200 day simple moving average is $1.20. The company has a market capitalization of $284.72 million, a P/E ratio of -3.17 and a beta of 2.63. MicroVision has a fifty-two week low of $0.80 and a fifty-two week high of $1.95.

Wall Street Analyst Weigh In

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

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.