Is Buying Stock In MicroVision Inc. (MVIS) A Good Move Today?

MicroVision Inc. (NASDAQ:MVIS) saw a downside of -4.81% to close Monday at $10.30 after subtracting -$0.52 on the day. The 5-day average trading volume is 4,315,760 shares of the company’s common stock. It has gained $12.40 in the past week. An average of 4,133,275 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,707,892.

MVIS’s 1-month performance is -30.45% or -$4.56 on its low of $10.22 reached on 10/04/21. The company’s shares have touched a 52-week low of $1.52 and high of $28.00, with the stock’s rally to the 52-week high happening on 04/27/21. YTD, MVIS has achieved 91.45% or $4.92. However, the current price is down -63.21%% from the 52-week high price.

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Valuation Metrics

MicroVision Inc. (MVIS) has a trailing price-to-earnings (P/E) ratio of 20.23 for the broader industry and 35.88 for the sector, meaning that investors are optimistic about the stock’s future prospects.MVIS stock has a beta of 3.97. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 749.88 while the price-to-book (PB) in the most recent quarter is 12.72.

MicroVision Inc.’s quick ratio for the period ended June 29 was 13.10, with the current ratio over the same period at 13.10 meaning that MVIS stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.01, while the total debt to equity was 0.01The trailing 12-month EBITDA margin is -424.01%. The firm’s gross profit as reported stood at $1.69 million against revenue of $3.09 million.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 21.33% to $0.75 million, while revenue of $0.48 million was 36.0% off the previous quarter. Analysts expected MVIS to announce -$0.05 per share in earnings in its latest quarter, but it posted -$0.09, representing a -80.00% surprise. EBITDA for the quarter stood at more than -$14.59 million. MVIS stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 11.52 million, with total debt at $2.8 million. Shareholders hold equity totaling $163.96 million

Technical Picture

Let’s look briefly at MicroVision Inc. (MVIS) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 04 October was 21.91% to suggest the stock is trending oversold, with historical volatility in this time period at 55.06%.

The stock’s 5-day moving average is $11.02, reflecting a -18.06% or -$2.27 change from its current price. MVIS is currently trading -30.69% above its 20-day SMA, -22.79% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -25.36% and +156.86% respectively.

Stochastic %K and %D was 5.38% and 5.41% and the average true range (ATR) pointed at 0.72. The RSI (14) points at 28.03%, while the 14-day stochastic is at 2.79% with the period’s ATR at 0.78. The stock’s 9-day MACD Oscillator is pointing at -0.96 and -1.24 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for MicroVision Inc. (NASDAQ: MVIS), Ladenburg Thalmann launched coverage with a Buy rating. Analysts offering their rating for MVIS stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate MVIS as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 have offered a “buy” rating.

What is MVIS’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $0.25 and a high of $0.25, with their median price target at $0.25. Looking at these predictions, the average price target given by analysts is for MicroVision Inc. (MVIS) stock is $0.25.


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