In the latest trading session, 3.28 million Microvision Inc (NASDAQ:MVIS) shares changed hands as the company’s beta touched 2.94. With the company’s most recent per share price at $1.12 changing hands around $0.02 or 2.27% at last look, the market valuation stands at $246.40M. MVIS’s current price is a discount, trading about -166.07% off its 52-week high of $2.98. The share price had its 52-week low at $0.80, which suggests the last value was 28.57% up since then. When we look at Microvision Inc’s average trading volume, we note the 10-day average is 7.69 million shares, with the 3-month average coming to 3.05 million.

Analysts gave the Microvision Inc (MVIS) stock a consensus recommendation rating of Hold, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended MVIS as a Hold, 0 felt it is a Buy and 0 rated the stock as Underweight. Microvision Inc’s EPS for the current quarter is expected to be -0.08.

Microvision Inc (NASDAQ:MVIS) trade information

Instantly MVIS is in green as seen in intraday trades today. With action 38.89%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -57.71%, with the 5-day performance at 38.89% in the green. However, in the 30-day time frame, Microvision Inc (NASDAQ:MVIS) is 10.29% up. Looking at the short shares, we see there were 47.52 million shares sold at short interest cover period of 20.5 days.

The consensus price target for the stock as assigned by Wall Street analysts is 5, meaning bulls need an upside of 77.6% from its recent market value. According to analyst projections, MVIS’s forecast low is 5 with 5 as the target high. To hit the forecast high, the stock’s price needs a -346.43% plunge from its current level, while the stock would need to soar -346.43% for it to hit the projected low.

Microvision Inc (MVIS) estimates and forecasts

Data shows that the Microvision Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 5.14% over the past 6 months, a -8.89% in annual growth rate that is considerably higher than the industry average of -17.50%. Year-over-year growth is forecast to reach -18.03% down from the last financial year.

Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 2.1M. 2 analysts are of the opinion that Microvision Inc’s revenue for the current quarter will be 5.4M. The company’s revenue for the corresponding quarters a year ago was 5.1M and 956k respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -58.83%. The estimates for the next quarter sales put growth at 464.85%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -13.75%. The 2024 estimates are for Microvision Inc earnings to increase by 13.33%.

MVIS Dividends

Microvision Inc is expected to release its next quarterly earnings report in January.

Microvision Inc (NASDAQ:MVIS)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 1.19% of Microvision Inc shares while 28.69% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 29.04%. There are 28.69% institutions holding the Microvision Inc stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 7.7744% of the shares, roughly 15.3 million MVIS shares worth $16.21 million.

VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 7.5281% or 14.81 million shares worth $15.7 million as of 2024-06-30.