Is MicroVision Inc. (MVIS) Stock Cheap Or Risky?

As of Thursday close, MicroVision Inc.’s (NASDAQ:MVIS) stock was up $0.26, moving up 4.73 percent to $5.76. The average number of shares traded per day over the past five days has been 3,998,480 shares. 4 times new highs have been achieved over the past 5 days, with a $0.75 gain in that time frame. In the last twenty days, the average volume was 2,884,815, while in the previous 50 days, it was 3,004,458.

Since last month, MVIS stock rose 28.57%. Shares of the company fell to $3.78 on 07/05/22, the lowest level in the past month. A 52-week high of $16.38 was reached on 01/04/22 after having rallying from a 52-week low of $2.50. Since the beginning of this year, MVIS’s stock price has risen by 14.97% or $0.75, and marked a new high 2 times. However, the stock has declined by -64.84% since its 52-week high.

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MicroVision Inc. (MVIS) last reported insider trading activity 231 days ago on Dec 17. oz seval F, the Director of the company, disposed of 1,250 shares for $5.94 on Dec 17. It resulted in a $7,423 divestment by the insider. BIDDISCOMBE SIMON sold 30,000 shares at an average price of $6.89 on Dec 09. The insider now owns 64,028 shares following the transaction.

Valuation Metrics

The stock’s beta is 3.29. Besides these, the trailing price-to-sales (P/S) ratio of 351.10, the price-to-book (PB) ratio of 9.14.

Financial Health

In the three months ended June 29, MicroVision Inc.’s quick ratio stood at 11.20, while its current ratio was 11.40, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 99.50% percent. Based on annual data, MVIS earned $2.5 million in gross profit and brought in $2.5 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -38.10%. Return on equity (ROE) for the past 12 months was -37.00%.

According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. MVIS’s revenue fell -141.94% to $0.35 million during the quarter, while net income inched up to $0.31 million. While analysts expected MicroVision Inc. to report -$0.07 quarterly earnings, the actual figure was -$0.08 per share, beating the consensus estimate by -14.30%. During the quarter, the company generated -$13.25 million in EBITDA. The liabilities of MicroVision Inc. were 13.09 million at the end of its most recent quarter ended June 29, and its total debt was $5.66 million. The value of shareholders’ equity is $165.53 million.

Technical Picture

This quick technical analysis looks at MicroVision Inc.’s (MVIS) price momentum. With a historical volatility rate of 94.23%, the RSI 9-day stood at 71.50% on 04 August.

With respect to its five-day moving average, the current MicroVision Inc. price is up by +14.97% percent or $0.75. At present, MVIS shares trade +16.36% above its 20-day simple moving average and +33.95% percent above its 100-day simple moving average. However, the stock is currently trading approximately +72.97% above its SMA50 and -37.80% below its SMA200.

Stochastic coefficient K was 82.65% and Stochastic coefficient D was 77.37%, while ATR was 0.38. Given the Stochastic reading of 88.10% for the 14-day period, the RSI (14) reading has been calculated as 68.20%. As of today, the MACD Oscillator reading stands at 0.41, while the 14-day reading stands at 0.39.

Analyst Ratings

Cantor Fitzgerald launched its rating on MicroVision Inc. (NASDAQ: MVIS) to a Neutral in a note to investors on March 07, 2022. MicroVision Inc. (MVIS) has been rated Hold by analysts. According to 0 brokerage firms, MVIS is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate MicroVision Inc. stock as buy, with 0 recommending it as overweight.

With a median target price of $5.00, the current consensus forecast for the stock is $5.00 – $5.00. Based on these forecasts, analysts predict MicroVision Inc. (MVIS) will achieve an average price target of $5.00.


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