During the recent session, Microvision Inc (NASDAQ:MVIS)’s traded shares were 3.99 million, with the beta value of the company hitting 2.86. At the last check today, the stock’s price was $1.34, reflecting an intraday gain of 2.10% or $0.03. The 52-week high for the MVIS share is $2.80, that puts it down -108.96 from that peak though still a striking 40.3% gain since the share price plummeted to a 52-week low of $0.80. The company’s market capitalization is $292.93M, and the average intraday trading volume over the past 10 days was 12.55 million shares, and the average trade volume was 3.96 million shares over the past three months.
Microvision Inc (MVIS) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 1.00. MVIS has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 0 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.08.
Microvision Inc (NASDAQ:MVIS) trade information
Microvision Inc (MVIS) registered a 2.10% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 2.10% in intraday trading to $1.34, hitting a weekly high. The stock’s 5-day price performance is 20.50%, and it has moved by 48.33% in 30 days. Based on these gigs, the overall price performance for the year is -48.36%. The short interest in Microvision Inc (NASDAQ:MVIS) is 49.85 million shares and it means that shorts have 16.73 day(s) to cover.
The consensus price target of analysts on Wall Street is $5, which implies an increase of 73.2% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $5 and $5 respectively. As a result, MVIS is trading at a discount of -273.13% off the target high and -273.13% off the low.
Microvision Inc (MVIS) estimates and forecasts
Statistics show that Microvision Inc has outperformed its competitors in share price, compared to the industry in which it operates. Microvision Inc (MVIS) shares have gone up 20.50% during the last six months, with a year-to-date growth rate more than the industry average at -8.89% against -17.50. In the rating firms’ projections, revenue will decrease -18.03% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 2.1M as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 5.4M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 5.1M and 956k respectively. In this case, analysts expect current quarter sales to shrink by -58.83% and then jump by 464.85% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -13.75%. While earnings are projected to return 13.33% in 2025.
MVIS Dividends
Microvision Inc is due to release its next quarterly earnings in February. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Microvision Inc (NASDAQ:MVIS)’s Major holders
Microvision Inc insiders own 1.17% of total outstanding shares while institutional holders control 28.55%, with the float percentage being 28.89%. BLACKROCK INC. is the largest shareholder of the company, while 168.0 institutions own stock in it. As of 2024-06-30, the company held over 15.3 million shares (or 7.7744% of all shares), a total value of $16.21 million in shares.
The next largest institutional holding, with 14.81 million shares, is of VANGUARD GROUP INC’s that is approximately 7.5281% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $15.7 million.
