Microvision Inc. (MVIS) Price Target And Rating Are Reviewed By Analysts.

Microvision Inc. (NASDAQ:MVIS) price on Wednesday, May 09, remained unchanged to $1.62.

A look at the stock’s price movement, the close in the last trading session was $1.62. Turning to its 52-week performance, $8.20 and $1.34 were the 52-week high and 52-week low respectively. Overall, MVIS moved -4.71% over the past month.

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Microvision Inc.’s market cap currently stands at around $333.82 million.

Analysts have a consensus estimate of 750k for the company’s revenue for the quarter, with a low and high estimate of 500k and 1M respectively. The average forecast suggests up to a 275.00% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 9.2M, representing a 26.70% jump on that reported in the last financial year.

Turning to the stock’s technical picture we see that short term indicators suggest on average that MVIS is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.

MVIS’s current price about 7.04% and -9.37% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 51.00, while 7-day volatility ratio is 5.38% and 5.89% in the 30-day chart. Further, Microvision Inc. (MVIS) has a beta value of 3.05, and an average true range (ATR) of 0.10.

If we refocus on Microvision Inc. (NASDAQ:MVIS), historical trading data shows that trading volumes averaged 2.24 million over the past 3 months. The company’s latest data on shares outstanding shows there are 206.06 million shares.

The 0.99% of Microvision Inc.’s shares are in the hands of company insiders while institutional holders own 30.46% of the company’s shares. Current price change has pushed the stock -39.10% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the MVIS stock continues to rise going into the next quarter.

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