Stock Traders Purchase Large Volume of MicroVision Call Options (NASDAQ:MVIS)

MicroVision, Inc. (NASDAQ:MVIS) was the target of some unusual options trading activity on Monday. Investors purchased 21,753 call options on the stock. This represents an increase of approximately 248% compared to the average volume of 6,246 call options.

MicroVision Stock Performance

Shares of NASDAQ:MVIS traded down $0.16 during midday trading on Monday, hitting $1.44. The company’s stock had a trading volume of 4,771,840 shares, compared to its average volume of 6,752,177. The company has a market cap of $314.29 million, a P/E ratio of -3.50 and a beta of 2.87. MicroVision has a 12-month low of $0.80 and a 12-month high of $2.70. The business’s 50 day simple moving average is $1.20 and its 200 day simple moving average is $1.10.

MicroVision (NASDAQ:MVIS) last released its earnings results on Thursday, November 7th. The electronics maker reported ($0.07) earnings per share for the quarter. MicroVision had a negative return on equity of 102.34% and a negative net margin of 1,049.43%. The business had revenue of $0.19 million during the quarter. During the same quarter last year, the business earned ($0.12) earnings per share.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Westpark Capital upped their price target on shares of MicroVision from $1.30 to $2.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. StockNews.com upgraded MicroVision to a “sell” rating in a research report on Friday, December 20th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Caitlin John LLC purchased a new position in MicroVision during the fourth quarter worth about $26,000. Sei Investments Co. acquired a new stake in MicroVision in the 2nd quarter valued at approximately $27,000. Aaron Wealth Advisors LLC acquired a new stake in MicroVision in the 3rd quarter valued at approximately $31,000. Synergy Asset Management LLC raised its position in MicroVision by 140.4% in the fourth quarter. Synergy Asset Management LLC now owns 30,252 shares of the electronics maker’s stock valued at $38,000 after purchasing an additional 17,669 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new position in MicroVision during the 3rd quarter worth about $40,000. Institutional investors and hedge funds own 30.90% of the company’s stock.

MicroVision Company Profile

MicroVision, Inc develops and sells lidar sensors and software used in automotive safety and autonomous driving applications. It offers a suite of light detection and ranging (lidar) sensors and perception; and validation software for automotive OEMs, advanced driver-assistance systems, and autonomous vehicle applications, as well as non-automotive applications including industrial, robotics, and smart infrastructure.