Microvision (NASDAQ:MVIS) Releases Earnings Results, Misses Estimates By $0.07 EPS

Microvision (NASDAQ:MVIS - Get Free Report) issued its quarterly earnings results on Wednesday. The electronics maker reported ($0.12) EPS for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.07), FiscalAI reports. Microvision had a negative return on equity of 131.03% and a negative net margin of 3,354.08%.The company had revenue of $0.22 million during the quarter, compared to the consensus estimate of $3.00 million.Microvision Price PerformanceThe 3 Penny Stocks You Swore You’d Never Buy (But You’ll Check Anyway)Shares of MVIS traded down $0.01 during trading hours on Wednesday, hitting $0.78. 4,007,852 shares of the stock were exchanged, compared to its average volume of 4,059,544. The firm has a market capitalization of $238.15 million, a P/E ratio of -2.11 and a beta of 1.21. Microvision has a fifty-two week low of $0.65 and a fifty-two week high of $1.73. The business has a 50-day moving average of $0.84 and a 200-day moving average of $1.01. Analysts Set New Price TargetsSeveral equities analysts have commented on the stock. D. Boral Capital reissued a "buy" rating and issued a $3.00 target price on shares of Microvision in a report on Tuesday, January 27th. Weiss Ratings reissued a "sell (d-)" rating on shares of Microvision in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $2.50.Will MicroVision Maintain Its Momentum After the Short Squeeze?View Our Latest Stock Report on MVISInstitutional Investors Weigh In On MicrovisionSeveral institutional investors and hedge funds have recently made changes to their positions in the business. NewEdge Advisors LLC acquired a new stake in Microvision during the first quarter worth approximately $56,000. Focus Partners Wealth bought a new position in shares of Microvision during the 1st quarter worth approximately $32,000. JPMorgan Chase & Co. grew its position in shares of Microvision by 20.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 136,739 shares of the electronics maker's stock worth $156,000 after buying an additional 22,824 shares during the period. Rhumbline Advisers grew its position in shares of Microvision by 17.2% during the 2nd quarter. Rhumbline Advisers now owns 330,919 shares of the electronics maker's stock worth $377,000 after buying an additional 48,588 shares during the period. Finally, Prudential Financial Inc. increased its stake in shares of Microvision by 77.4% in the 2nd quarter. Prudential Financial Inc. now owns 30,520 shares of the electronics maker's stock valued at $35,000 after acquiring an additional 13,315 shares in the last quarter. Institutional investors own 30.90% of the company's stock. About Microvision (Get Free Report)MicroVision, Inc NASDAQ: MVIS is a technology company specializing in laser scanning and sensing solutions. Founded in 1993 and headquartered in Redmond, Washington, MicroVision develops its proprietary PicoP® scanning technology, which integrates miniature lasers and microelectromechanical systems (MEMS) mirrors to create high-resolution projection displays and three-dimensional sensing systems. Over the years, the company has built a portfolio of patents and intellectual property focused on precision optics and laser-based signal processing. At the core of MicroVision's offerings is its display platform, which enables compact, energy-efficient projection for augmented reality (AR) headsets, head-up displays (HUDs) in automotive environments, and consumer electronics applications such as pico projectors.See AlsoFive stocks we like better than MicrovisionCSE: ALEN.U is targeting a fast-growing digital wellness marketNew Copper-Rich “Kraken” Zone Discovered1,500 Banks Just Handed the Fed Your Bank AccountYour name isn't on our protected list yetSilver paying 20% dividend. Plus 68% share gainsThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Microvision Right Now?Before you consider Microvision, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Microvision wasn't on the list.While Microvision currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here