MicroVision (NASDAQ:MVIS) Posts Quarterly Earnings Results, Misses Expectations By $0.04 EPS

MicroVision (NASDAQ:MVIS) issued its quarterly earnings data on Wednesday. The electronics maker reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.04), Zacks reports. MicroVision had a negative return on equity of 102.34% and a negative net margin of 1,049.43%.

MicroVision Trading Down 8.6 %

MicroVision stock traded down $0.13 during mid-day trading on Wednesday, hitting $1.39. The stock had a trading volume of 6,644,165 shares, compared to its average volume of 3,759,246. MicroVision has a one year low of $0.80 and a one year high of $1.95. The firm has a market capitalization of $304.44 million, a P/E ratio of -3.39 and a beta of 2.63. The firm’s 50 day moving average is $1.41 and its 200 day moving average is $1.20.

Wall Street Analyst Weigh In

MVIS has been the topic of several recent research reports. StockNews.com upgraded shares of MicroVision to a “sell” rating in a research report on Monday, March 10th. Westpark Capital reaffirmed a “buy” rating and issued a $2.00 target price on shares of MicroVision in a report on Tuesday. Finally, D. Boral Capital reaffirmed a “buy” rating and set a $3.00 price objective on shares of MicroVision in a research report on Tuesday.

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.