In the last trading session, 9,807,327 shares of the MicroVision, Inc.(NASDAQ:MVIS) were traded, and its beta was 4.11. Most recently the company’s share price was $18.07, and it changed around -$2.43 or -0.12% from the last close, which brings the market valuation of the company to $2.77 Billion. MVIS currently trades at a discount to its 52-week high of $24.18, offering almost -33.81% off that amount. The share price’s 52-week low was $0.15, which indicates that the current value has risen by an impressive 99.17% since then. We note from MicroVision, Inc.’s average daily trading volume that its 10-day average is 15.91 Million shares, with the 3-month average coming to 19.08 Million.
MicroVision, Inc. stock received a consensus recommendation rating of Hold, based on a mean score of 3. If we narrow it down even further, the data shows that none out of 2 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, 2 recommended MVIS as a Hold, whereas none deemed it a Buy, and no one rated it as Underweight. MicroVision, Inc. is expected to report earnings per share of $0 for the current quarter.
MicroVision, Inc. (NASDAQ:MVIS): Trading Information
Although MVIS has showed a red trend with a performance of -11.85% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $24.18 on Tuesday, Feb 16 increased the stock’s daily price by 25.27%. The company’s shares are currently up 2.36% year-to-date, but still down -0.0142 over the last five days. On the other hand, MicroVision, Inc. (NASDAQ:MVIS) is 1.67% up in the 30-day period. We can see from the shorts that 22.51 Million shares have been sold at a short interest cover period of 1.18 day(s).
The consensus price target as assigned by Wall Street analysts is $0.25, which translates to bears needing to reduce their stock price by -98.62% from its current value. Analyst projections state that MVIS is forecast to be at a low of $0.25 and a high of $0.25. In order for the stock price to hit the forecast high, the stock would need to surge -98.62% from its current level, while the stock would need to crash -98.62% from its current level to reach the projected low.
MicroVision, Inc. (MVIS) projections and forecasts
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 11.4%. MicroVision, Inc. earnings are expected to increase by 24% in 2021, but the outlook is positive 10% per year for the next five years.
MicroVision, Inc. (NASDAQ:MVIS)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 0.93% of MicroVision, Inc. shares, and 9% of them are in the hands of institutional investors. The stock currently has a share float of 9.09%. MicroVision, Inc. stock is held by 67 institutions, with Vanguard Group, Inc. (The) being the largest institutional investor. By Sep 29, 2020, it held 4.01% of the shares, which is about 5.88 Million shares worth $11.46 Million.
Blackrock Inc., with 1.67% or 2.44 Million shares worth $13.12 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
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