Microvision Inc (NASDAQ:MVIS)’s traded shares stood at 3.64 million during the last session, with the company’s beta value hitting 3.00. At the close of trading, the stock’s price was $0.89, to imply a decrease of -6.60% or -$0.06 in intraday trading. The MVIS share’s 52-week high remains $2.98, putting it -234.83% down since that peak but still an impressive 6.74% since price per share fell to its 52-week low of $0.83. The company has a valuation of $194.92M, with an average of 2.48 million shares in intraday trading volume over the past 10 days and average of 1.72 million shares over the past 3 months.
Analysts have given a consensus recommendation of 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 -0.14.
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Microvision Inc (NASDAQ:MVIS) trade information
After registering a -6.60% downside in the last session, Microvision Inc (MVIS) has traded red over the past five days. The 5-day price performance for the stock is -16.82%, and -19.82% over 30 days. With these gigs, the year-to-date price performance is -66.54%. Short interest in Microvision Inc (NASDAQ:MVIS) saw shorts transact 48.04 million shares and set a 28.0 days time to cover.
The extremes give us $5 and $5 for target low and target high price respectively. As such, MVIS has been trading -461.8% off suggested target high and -461.8% from its likely low.
Microvision Inc (MVIS) estimates and forecasts
Looking at statistics comparing Microvision Inc share performance against respective industry, we note that the company has outperformed competitors. Microvision Inc (MVIS) shares are -22.61% down over the last 6 months, with its year-to-date growth rate higher than industry average at -8.89% against -12.80%. The rating firms project that company’s revenue will grow 483.33% compared to the previous financial year.
Revenue forecast for the current quarter as set by 1 analysts is 8.8M. Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 8.4M.Earnings reports from the last fiscal year show that sales brought in 956k and 7.26M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 820.50% before jumping 15.72% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -13.75% for the past 5-year period. While 2024 is set for a 0.98% return in earnings, projections for the next 5 years are at 10.00% annually.
MVIS Dividends
Microvision Inc has its next earnings report out on 2025-Feb-26. 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 (NASDAQ:MVIS)’s Major holders
Microvision Inc insiders hold 1.12% of total outstanding shares, with institutional holders owning 28.72% of the shares at 29.05% float percentage. In total, 28.72% institutions holds shares in the company, led by BLACKROCK INC.. As of 2024-06-30, the company held over 15.3 million shares (or 7.7744% of shares), all amounting to roughly $16.21 million.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 14.81 million shares, or about 7.5281% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $15.7 million.
