Microvision Inc. (NASDAQ:MVIS) traded at $1.50 at close of the session on Friday, April 26, made an upward move of 5.63% on its previous day’s price.
Looking at the stock we see that its previous close was $1.42 . In terms of its 52-week price range, MVIS has a high of $8.20 and a low of $1.34. The company’s stock has lost about -17.58% over that past 30 days.
Microvision Inc. has a market cap of $292.91 million. Estimates by analysts give the company expected earnings per share (EPS) of -$0.11, with the EPS growth for the year raised at -$0.51 for 2024 and -$0.46 for next year. These figures represent -13.30% and 9.80% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $750k, with a low of $500k and a high of $1 million. The median projection represents growth squeezing down to 275.00% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $9.2 million, or 26.70% up from figures reported last year.
On the other hand, looking at the outlook for the MVIS stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Looking further, we note the current price level is -4.97% off its SMA20 and -20.54% from its 50-day simple moving average. The RSI (14) is pointing at 39.93 while the volatility over the past week is 5.63% and jumps to 5.78% over the past one month. The beta value is 3.05, while the average true range (ATR) is currently pointing at 0.10.
Coming back to Microvision Inc. (NASDAQ:MVIS), we note that the average 3-month trading volume was 2.31 million. Current shares outstanding are 194.74 million.
The insiders hold 0.99% of the company’s shares while institutions hold 31.65%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -43.61% down in year-to-date price movement.
