Moreover, the 36-month beta value for MVIS is 3.05. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for MVIS is 204.01M and currently, short sellers hold a 25.38% of that float. On May 09, 2024, MVIS’s average trading volume was 2.24M shares.
MVIS) stock’s latest price update
The stock of Microvision Inc. (NASDAQ: MVIS) has decreased by 0.00 when compared to last closing price of 1.62.Despite this, the company has seen a gain of 9.46% in its stock price over the last five trading days. Accesswire reported 2024-05-02 that REDMOND, WA / ACCESSWIRE / May 2, 2024 / MicroVision, Inc. (NASDAQ:MVIS), a leader in MEMS-based solid-state automotive lidar technology and ADAS solutions, today announces that it will report its first quarter 2024 results on Thursday, May 9, 2024 after the market close. The Company will subsequently hold a conference call and webcast, consisting of prepared remarks by management, a slide presentation, and a question-and-answer session at 1:30 PM PT/4:30 PM ET on Thursday, May 9, 2024 to discuss the financial results and provide a business update.
MVIS’s Market Performance
MVIS’s stock has risen by 9.46% in the past week, with a monthly drop of -4.71% and a quarterly drop of -31.65%. The volatility ratio for the week is 5.38% while the volatility levels for the last 30 days are 5.89% for Microvision Inc. The simple moving average for the past 20 days is 7.04% for MVIS’s stock, with a -29.39% simple moving average for the past 200 days.
Analysts’ Opinion of MVIS
Many brokerage firms have already submitted their reports for MVIS stocks, with Cantor Fitzgerald repeating the rating for MVIS by listing it as a “Neutral.” The predicted price for MVIS in the upcoming period, according to Cantor Fitzgerald is $5 based on the research report published on March 07, 2022 of the previous year 2022.
Ladenburg Thalmann, on the other hand, stated in their research note that they expect to see MVIS reach a price target of $4.50. The rating they have provided for MVIS stocks is “Buy” according to the report published on January 26th, 2017.
Rodman & Renshaw gave a rating of “Buy” to MVIS, setting the target price at $3.50 in the report published on December 17th of the previous year.
MVIS Trading at -9.37% from the 50-Day Moving Average
After a stumble in the market that brought MVIS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -80.24% of loss for the given period.
Volatility was left at 5.89%, however, over the last 30 days, the volatility rate increased by 5.38%. Over the last 50 days, in opposition, the stock is trading -27.35% lower at present.
During the last 5 trading sessions, MVIS rose by +9.46%, which changed the moving average for the period of 200-days by -55.74% in comparison to the 20-day moving average, which settled at $1.5135. In addition, Microvision Inc. saw -39.10% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for MVIS
Current profitability levels for the company are sitting at:
- -12.24 for the present operating margin
- 0.4 for the gross margin
The net margin for Microvision Inc. stands at -11.41. The total capital return value is set at -0.81. Equity return is now at value -89.30, with -67.73 for asset returns.
Based on Microvision Inc. (MVIS), the company’s capital structure generated 0.14 points at debt to capital in total, while cash flow to debt ratio is standing at -4.6. The debt to equity ratio resting at 0.16. The interest coverage ratio of the stock is 44.82.
Currently, EBITDA for the company is -81.05 million with net debt to EBITDA at 0.4. When we switch over and look at the enterprise to sales, we see a ratio of 38.98. The receivables turnover for the company is 7.65for trailing twelve months and the total asset turnover is 0.06. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.23.
Conclusion
To wrap up, the performance of Microvision Inc. (MVIS) has been bad in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
