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Buy, Sell Or Hold Microvision Inc. (NASDAQ:MVIS) At $2.47?

In last trading session, Microvision Inc. (NASDAQ:MVIS) saw 1.94 million shares changing hands with its beta currently measuring 3.05. Company’s recent per share price level of $2.47 trading at $0.1 or 4.22% at ring of the bell on the day assigns it a market valuation of $469.28M. That closing price of MVIS’s stock is at a discount of -231.98% from its 52-week high price of $8.20 and is indicating a premium of 26.32% from its 52-week low price of $1.82. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.84 million shares which gives us an average trading volume of 2.26 million if we extend that period to 3-months.

Microvision Inc. (NASDAQ:MVIS) trade information

Upright in the green during last session for gaining 4.22%, in the last five days MVIS remained trading in the green while hitting it’s week-highest on Thursday, 02/08/24 when the stock touched $2.47 price level, adding 1.98% to its value on the day. Microvision Inc.’s shares saw a change of -7.14% in year-to-date performance and have moved 2.49% in past 5-day. Microvision Inc. (NASDAQ:MVIS) showed a performance of -7.14% in past 30-days. Number of shares sold short was 50.67 million shares which calculate 19.65 days to cover the short interests.

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Microvision Inc. (MVIS) estimates and forecasts

Statistics highlight that Microvision Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -16.27% of value to its shares in past 6 months, showing an annual growth rate of -56.25% while that of industry is -18.20. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to decrease by -12.50% in the current quarter and calculating 18.20% increase in the next quarter. This year revenue growth is estimated to rise 1,026.50% from the last financial year’s standing.

2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $5.3 million for the same. And 2 analysts are in estimates of company making revenue of $9.8 million in the next quarter that will end on Mar 2024.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -0.42% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -46.87% while estimates for its earnings growth in next 5 years are of 10.00%.

MVIS Dividends

Microvision Inc. is more likely to be releasing its next quarterly report between February 26 and March 01 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

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