MicroVision Inc. (NASDAQ:MVIS)’s traded shares stood at 1.01 million during the latest session, with the company’s beta value hitting 3.24. At the last check today, the stock’s price was $2.47, to imply an increase of 6.93% or $0.16 in intraday trading. The MVIS share’s 52-week high remains $5.96, putting it -141.3% down since that peak but still an impressive 14.98% since price per share fell to its 52-week low of $2.10. The company has a valuation of $409.84M, with an average of 2.01 million shares in intraday trading volume over the past 10 days and average of 2.09 million shares over the past 3 months.
Analysts have given a consensus recommendation of a Hold for MicroVision Inc. (MVIS), translating to a mean rating of 3.00. Of 1 analyst(s) looking at the stock, 0 analyst(s) give MVIS a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 0 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at $0.
From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio
The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.
Get our free report, "Top 5 AI Stocks to Buy for 2023".
MicroVision Inc. (NASDAQ:MVIS) trade information
After registering a 6.93% upside in the latest session, MicroVision Inc. (MVIS) has traded red over the past five days. The stock hit a weekly high of 2.41 this Wednesday, 03/15/23, jumping 6.93% in its intraday price action. The 5-day price performance for the stock is 12.79%, and -11.79% over 30 days. With these gigs, the year-to-date price performance is 5.11%. Short interest in MicroVision Inc. (NASDAQ:MVIS) saw shorts transact 39.04 million shares and set a 21.6 days time to cover.
Analysts on Wall Street suggest a consensus price target of $5.00, implying an increase of 50.6% to the stock’s recent value. The extremes give us $5.00 and $5.00 for target low and target high price respectively. As such, MVIS has been trading -102.43% off suggested target high and -102.43% from its likely low.
MicroVision Inc. (MVIS) estimates and forecasts
The rating firms project that company’s revenue will shrink -56.00% compared to the previous financial year.
Revenue forecast for the current quarter as set by 1 analysts is $500k. Meanwhile, for the quarter ending Mar 2023, a total of 1 analyst(s) estimate revenue growth to $400k.Earnings reports from the last fiscal year show that sales brought in $557k and $350k respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -10.20% before jumping 14.30% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 1.80% for the past 5-year period. While 2023 is set for a -19.00% return in earnings, projections for the next 5 years are at 10.00% annually.
MicroVision Inc. has its next earnings report out between April 25 and May 01. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. MicroVision Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
MicroVision Inc. (NASDAQ:MVIS)’s Major holders
MicroVision Inc. insiders hold 0.86% of total outstanding shares, with institutional holders owning 30.99% of the shares at 31.25% float percentage. In total, 30.99% institutions holds shares in the company, led by Blackrock Inc. As of Sep 29, 2022, the company held over 11.95 million shares (or 7.20% of shares), all amounting to roughly $43.13 million.
The next major institution holding the largest number of shares is Vanguard Group, Inc. (The) with 9.56 million shares, or about 5.76% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $34.52 million.
We also have Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF as the top two Mutual Funds with the largest holdings of the MicroVision Inc. (MVIS) shares. Going by data provided on Sep 29, 2022, Vanguard Total Stock Market Index Fund holds roughly 4.6 million shares. This is just over 2.77% of the total shares, with a market valuation of $16.59 million. Data from the same date shows that the other fund manager holds a little less at 3.89 million, or 2.34% of the shares, all valued at about 9.14 million.