<p>MicroVision (MVIS) 发布了第三季度财报，强调季度销售额大幅增长，净亏损较去年有所缩窄。该公司九个月的业绩也显示出亏损减少，尽管收入较低。</p>
<p>查看我们对 MicroVision 的最新分析。</p>
<p>过去一年，MicroVision 的股价表现不佳，1 年总股东回报为 -5.36%。最近的股价收于 0.92 美元。尽管最新季度的亏损有所改善，但 30 天的股价回报为 -23.57%。这延续了投资者在评估公司转型努力和持续风险时，动能减弱的长期趋势。</p>
<p>如果 MicroVision 最近的业绩让你考虑其他潜在机会，现在正是扩大搜索范围、发现高管持股比例高的快速成长股票的最佳时机。</p>
<p>鉴于分析师的目标价格远高于当前股价，并且有改善成本控制的迹象，真正的问题是 MicroVision 是否现在是一个被低估的隐秘投资，还是市场已经反映了其未来前景。</p>
<h2>最受欢迎的叙述：98.5% 被低估</h2>
<p>根据 TheWallstreetKing 的说法，叙述的公允价值远远超过 MicroVision 最近的收盘价。这种戏剧性的差异源于对公司商业模式和潜力的根本性重新思考。</p>
<blockquote>
<p><em>市场一直通过单一、狭隘的视角看待 MicroVision (NASDAQ:MVIS)：一个高风险、未产生收入的汽车 LIDAR 投资。这导致的估值在我们看来未能捕捉到当前正在进行的战略转型。该公司不再是对单一行业的单一投资。它正在转型为一个多垂直的技术供应商，拥有不同的、非相关的收入来源。</em></p>
</blockquote>
<p>阅读完整叙述。</p>
<p>想看看推动这一大胆目标价格的激进增长和利润假设吗？这里有一个转型故事，拥有数十亿美元的雄心，挑战股票当前的轨迹。深入了解 TheWallstreetKing 叙述核心的关键财务举措和收入杠杆。</p>
<p><strong>结果：公允价值为 60 美元（被低估）</strong></p>
<p>完整阅读叙述，了解预测背后的原因。</p>
<p>然而，投资者应注意，国防合同的挫折或竞争对手的突然技术突破可能会迅速削弱这一乐观论调。</p>
<p>了解 MicroVision 叙述的关键风险。</p>
<h2>另一种观点：市场是否过于乐观？</h2>
<p>从市净率的角度看 MicroVision 的估值，呈现出更为谨慎的画面。该公司的市净率为 3.1 倍，超过了美国电子行业平均的 2.2 倍。虽然这比同行平均水平便宜，但这表明投资者已经在押注显著增长。这个差距可能反映了乐观或风险。基本面会赶上来，还是股价可能面临进一步压力？</p>
<p>查看数字对这一价格的看法——在我们的估值分析中了解更多。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/eb9f0e4d-2b9f-40ca-b571-8f8d5d6a1005/chart/pb-multiple-vs-industry?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/eb9f0e4d-2b9f-40ca-b571-8f8d5d6a1005/chart/pb-multiple-vs-industry"/></p>
<p>NasdaqGM:MVIS 市净率截至 2025 年 11 月</p>
<h2>构建你自己的 MicroVision 叙述</h2>
<p>如果上述故事与你的观点不符，或者你更愿意自己深入数字，你可以在几分钟内构建自己的视角。按照你的方式进行。</p>
<p>你进行 MicroVision 研究的一个很好的起点是我们的分析，强调 1 个关键回报和 3 个可能影响你投资决策的重要警示信号。</p>
<h2>寻找更多投资想法？</h2>
<p>聪明的投资者不断扫描市场寻找新机会，你不应该错过领先的机会。现在就采取行动，查看这些精心挑选的列表：</p>
<ul>
<li>通过审查这些 16 只收益率超过 3% 的股息股票，解锁收入潜力并提升投资组合收益，提供超过 3% 的吸引回报。</li>
<li>乘着人工智能的浪潮，瞄准处于创新前沿的公司，从这些 26 只 AI 便士股票开始你的搜索。</li>
<li>揭示隐藏价值，增强你的持股，通过审查这些基于强劲现金流的 919 只被低估股票。</li>
</ul>
<p><em>本文由 Simply Wall St 撰写，内容具有一般性。<strong>我们提供基于历史数据和分析师预测的评论，仅使用无偏见的方法，我们的文章并不旨在提供财务建议。</strong> 它不构成购买或出售任何股票的推荐，也未考虑你的目标或财务状况。我们旨在为你提供以基本数据驱动的长期分析。请注意，我们的分析可能未考虑最新的价格敏感公司公告或定性材料。Simply Wall St 在提到的任何股票中没有持仓。</em></p>

维视图像

<p>MicroVision (MVIS) 报告称季度销售额有所改善，亏损有所缩小，但其股票在过去一年内的回报率为 -5.36%。分析师认为该股票被低估，公允价值为 60 美元，而当前交易价格为 0.92 美元。该公司正从单一行业的专注转向多元化的技术供应商。风险包括国防合同的挫折和竞争对手的技术进步。建议投资者考虑更广泛的市场机会以及 MicroVision 估值中的潜在风险</p>

<p>MicroVision (MVIS) reported its third quarter earnings, highlighting a jump in quarterly sales and a narrower net loss compared to last year. The company’s nine-month results also pointed to reduced losses, even though revenue was lower.</p>
<div class="lb-trans"><p>MicroVision (MVIS) 发布了第三季度财报，强调季度销售额大幅增长，净亏损较去年有所缩窄。该公司九个月的业绩也显示出亏损减少，尽管收入较低。</p>
</div><p>See our latest analysis for MicroVision.</p>
<div class="lb-trans"><p>查看我们对 MicroVision 的最新分析。</p>
</div><p>Shares of MicroVision have struggled over the past year, with a 1-year total shareholder return of -5.36%. The share price recently closed at $0.92. While the latest quarter brought some improvement in losses, the 30-day share price return sits at -23.57%. This continues a longer-term trend of fading momentum as investors assess both the turnaround efforts and ongoing risks in the business.</p>
<div class="lb-trans"><p>过去一年，MicroVision 的股价表现不佳，1 年总股东回报为 -5.36%。最近的股价收于 0.92 美元。尽管最新季度的亏损有所改善，但 30 天的股价回报为 -23.57%。这延续了投资者在评估公司转型努力和持续风险时，动能减弱的长期趋势。</p>
</div><p>If MicroVision’s recent results have you thinking about other potential opportunities, now's the perfect time to broaden your search and discover fast growing stocks with high insider ownership</p>
<div class="lb-trans"><p>如果 MicroVision 最近的业绩让你考虑其他潜在机会，现在正是扩大搜索范围、发现高管持股比例高的快速成长股票的最佳时机。</p>
</div><p>With analyst price targets far above where shares currently trade and signs of improved cost control, the real question is whether MicroVision is now a hidden bargain or if the market already reflects its future prospects.</p>
<div class="lb-trans"><p>鉴于分析师的目标价格远高于当前股价，并且有改善成本控制的迹象，真正的问题是 MicroVision 是否现在是一个被低估的隐秘投资，还是市场已经反映了其未来前景。</p>
</div><h2>Most Popular Narrative: 98.5% Undervalued</h2>
<div class="lb-trans"><h2>最受欢迎的叙述：98.5% 被低估</h2>
</div><p>According to TheWallstreetKing, the narrative fair value far exceeds MicroVision’s last closing price. This dramatic divergence is rooted in a fundamental rethinking of the company’s business model and potential.</p>
<div class="lb-trans"><p>根据 TheWallstreetKing 的说法，叙述的公允价值远远超过 MicroVision 最近的收盘价。这种戏剧性的差异源于对公司商业模式和潜力的根本性重新思考。</p>
</div><blockquote>
<p><em>The market has viewed MicroVision (NASDAQ:MVIS) through a single, narrow lens: a high-risk, pre-revenue bet on automotive LIDAR. This has resulted in a valuation that, in our view, fails to capture the strategic pivot currently underway. The company is no longer a monolithic bet on a single industry. It is transforming into a multi-vertical technology supplier with distinct, non-correlated revenue streams.</em></p>
</blockquote>
<div class="lb-trans"><blockquote>
<p><em>市场一直通过单一、狭隘的视角看待 MicroVision (NASDAQ:MVIS)：一个高风险、未产生收入的汽车 LIDAR 投资。这导致的估值在我们看来未能捕捉到当前正在进行的战略转型。该公司不再是对单一行业的单一投资。它正在转型为一个多垂直的技术供应商，拥有不同的、非相关的收入来源。</em></p>
</blockquote>
</div><p>Read the complete narrative.</p>
<div class="lb-trans"><p>阅读完整叙述。</p>
</div><p>Want to see the aggressive growth and margin assumptions driving this bold price target? There is a transformation story here, with multi-billion dollar ambitions that defy the stock’s current trajectory. Dive in to uncover the key financial moves and revenue levers at the core of TheWallstreetKing’s narrative.</p>
<div class="lb-trans"><p>想看看推动这一大胆目标价格的激进增长和利润假设吗？这里有一个转型故事，拥有数十亿美元的雄心，挑战股票当前的轨迹。深入了解 TheWallstreetKing 叙述核心的关键财务举措和收入杠杆。</p>
</div><p><strong>Result: Fair Value of $60 (UNDERVALUED)</strong></p>
<div class="lb-trans"><p><strong>结果：公允价值为 60 美元（被低估）</strong></p>
</div><p>Have a read of the narrative in full and understand what's behind the forecasts.</p>
<div class="lb-trans"><p>完整阅读叙述，了解预测背后的原因。</p>
</div><p>However, investors should note that setbacks in defense contracts or a sudden technological leap from competitors could quickly undermine this bullish thesis.</p>
<div class="lb-trans"><p>然而，投资者应注意，国防合同的挫折或竞争对手的突然技术突破可能会迅速削弱这一乐观论调。</p>
</div><p>Find out about the key risks to this MicroVision narrative.</p>
<div class="lb-trans"><p>了解 MicroVision 叙述的关键风险。</p>
</div><h2>Another View: Is the Market Pricing in Too Much Optimism?</h2>
<div class="lb-trans"><h2>另一种观点：市场是否过于乐观？</h2>
</div><p>Looking at MicroVision’s valuation through the lens of its price-to-book ratio paints a more cautionary picture. The company trades at 3.1 times book value, which is higher than the US Electronic industry average of 2.2 times. While this is cheaper than peer averages, it suggests investors are already betting on significant growth. The gap may reflect optimism or risk. Will fundamentals catch up, or could shares face further pressure?</p>
<div class="lb-trans"><p>从市净率的角度看 MicroVision 的估值，呈现出更为谨慎的画面。该公司的市净率为 3.1 倍，超过了美国电子行业平均的 2.2 倍。虽然这比同行平均水平便宜，但这表明投资者已经在押注显著增长。这个差距可能反映了乐观或风险。基本面会赶上来，还是股价可能面临进一步压力？</p>
</div><p>See what the numbers say about this price — find out in our valuation breakdown.</p>
<div class="lb-trans"><p>查看数字对这一价格的看法——在我们的估值分析中了解更多。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/eb9f0e4d-2b9f-40ca-b571-8f8d5d6a1005/chart/pb-multiple-vs-industry" alt="" original-src="https://images.simplywall.st/company/eb9f0e4d-2b9f-40ca-b571-8f8d5d6a1005/chart/pb-multiple-vs-industry"/></p>
<p>NasdaqGM:MVIS PB Ratio as at Nov 2025</p>
<div class="lb-trans"><p>NasdaqGM:MVIS 市净率截至 2025 年 11 月</p>
</div><h2>Build Your Own MicroVision Narrative</h2>
<div class="lb-trans"><h2>构建你自己的 MicroVision 叙述</h2>
</div><p>If the story outlined above doesn't match your own views or you'd rather dig into the numbers yourself, you can craft your perspective in just a few minutes. Do it your way</p>
<div class="lb-trans"><p>如果上述故事与你的观点不符，或者你更愿意自己深入数字，你可以在几分钟内构建自己的视角。按照你的方式进行。</p>
</div><p>A great starting point for your MicroVision research is our analysis highlighting 1 key reward and 3 important warning signs that could impact your investment decision.</p>
<div class="lb-trans"><p>你进行 MicroVision 研究的一个很好的起点是我们的分析，强调 1 个关键回报和 3 个可能影响你投资决策的重要警示信号。</p>
</div><h2>Looking for More Investment Ideas?</h2>
<div class="lb-trans"><h2>寻找更多投资想法？</h2>
</div><p>Smart investors constantly scan the market for new opportunities, and you shouldn’t miss your chance to get ahead. Take action now with these handpicked lists:</p>
<div class="lb-trans"><p>聪明的投资者不断扫描市场寻找新机会，你不应该错过领先的机会。现在就采取行动，查看这些精心挑选的列表：</p>
</div><ul>
<li>Unlock income potential and boost your portfolio’s yield by reviewing these 16 dividend stocks with yields &gt; 3%, which offers attractive returns above 3%.</li>
<li>Ride the AI wave and target companies at the forefront of innovation by starting your search with these 26 AI penny stocks.</li>
<li>Bring hidden value to light and strengthen your holdings by examining these 919 undervalued stocks based on cash flows, based on robust cash flows.</li>
</ul>
<div class="lb-trans"><ul>
<li>通过审查这些 16 只收益率超过 3% 的股息股票，解锁收入潜力并提升投资组合收益，提供超过 3% 的吸引回报。</li>
<li>乘着人工智能的浪潮，瞄准处于创新前沿的公司，从这些 26 只 AI 便士股票开始你的搜索。</li>
<li>揭示隐藏价值，增强你的持股，通过审查这些基于强劲现金流的 919 只被低估股票。</li>
</ul>
</div><p><em>This article by Simply Wall St is general in nature. <strong>We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.</strong> It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.</em></p>
<div class="lb-trans"><p><em>本文由 Simply Wall St 撰写，内容具有一般性。<strong>我们提供基于历史数据和分析师预测的评论，仅使用无偏见的方法，我们的文章并不旨在提供财务建议。</strong> 它不构成购买或出售任何股票的推荐，也未考虑你的目标或财务状况。我们旨在为你提供以基本数据驱动的长期分析。请注意，我们的分析可能未考虑最新的价格敏感公司公告或定性材料。Simply Wall St 在提到的任何股票中没有持仓。</em></p>
</div>

维视图像（MVIS）估值：在季度销售额提升和亏损收窄后对股票进行评估