Microvision, Inc. (NASDAQ:MVIS) received a $4.00 price target from HC Wainwright in a report issued on Thursday. The brokerage currently has a “buy” rating on the electronics maker’s stock. HC Wainwright’s target price would indicate a potential upside of 173.97% from the company’s previous close.

MVIS has been the subject of several other reports. Zacks Investment Research downgraded shares of Microvision from a “hold” rating to a “sell” rating in a research note on Friday, November 10th. Northland Securities set a $3.00 target price on shares of Microvision and gave the company a “buy” rating in a research note on Friday, August 4th. S&P Equity Research raised their target price on shares of Microvision from $1.75 to $2.22 in a research note on Thursday, November 2nd. Finally, ValuEngine downgraded shares of Microvision from a “hold” rating to a “sell” rating in a research note on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the company. Microvision currently has an average rating of “Hold” and an average price target of $3.34.

Microvision (MVIS) opened at $1.46 on Thursday. Microvision has a 1-year low of $1.01 and a 1-year high of $3.25.

Microvision (NASDAQ:MVIS) last announced its quarterly earnings data on Thursday, November 2nd. The electronics maker reported ($0.07) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.07). Microvision had a negative return on equity of 335.81% and a negative net margin of 193.59%. The company had revenue of $6.09 million during the quarter, compared to analysts’ expectations of $5.24 million. During the same quarter last year, the company earned ($0.08) EPS. Microvision’s revenue for the quarter was up 52.3% compared to the same quarter last year. equities research analysts forecast that Microvision will post -0.3 EPS for the current fiscal year.

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A number of large investors have recently modified their holdings of the stock. AWM Investment Company Inc. acquired a new stake in Microvision in the 2nd quarter valued at about $13,997,000. State Treasurer State of Michigan lifted its stake in Microvision by 8.2% in the 3rd quarter. State Treasurer State of Michigan now owns 3,144,199 shares of the electronics maker’s stock valued at $8,741,000 after purchasing an additional 238,095 shares during the last quarter. Vanguard Group Inc. lifted its stake in Microvision by 40.0% in the 2nd quarter. Vanguard Group Inc. now owns 2,774,797 shares of the electronics maker’s stock valued at $5,883,000 after purchasing an additional 793,102 shares during the last quarter. State Street Corp lifted its position in Microvision by 2,126.7% during the second quarter. State Street Corp now owns 857,452 shares of the electronics maker’s stock worth $1,816,000 after acquiring an additional 818,945 shares during the last quarter. Finally, Northern Trust Corp lifted its position in Microvision by 462.3% during the second quarter. Northern Trust Corp now owns 777,714 shares of the electronics maker’s stock worth $1,648,000 after acquiring an additional 639,411 shares during the last quarter. Institutional investors and hedge funds own 26.73% of the company’s stock.

Microvision Company Profile

Microvision, Inc is a developer of laser beam scanning (LBS) technology. The Company markets its technology under the brand name, PicoP. It has developed PicoP scanning technology that can be adopted by its customers to create high-resolution miniature projection, and three-dimensional sensing and image capture solutions that use laser diodes as the light source.

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