Technicals Say MicroVision Inc. (MVIS) Is A Hold

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MicroVision Inc. (NASDAQ:MVIS) traded with a subtraction of -$0.25 to $3.88 on Thursday, a downside of -6.05 percent. An average of 1,358,982 shares of common stock have been traded in the last five days. There was a fall of -$0.35 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 1,703,226 shares traded, while the 50-day average volume stands at 2,389,344.

MVIS stock has decreased by -9.03% in the last month. The company shares reached their 1-month lowest point of $3.91 on 09/22/22. With the stock rallying to its 52-week high on 01/04/22, shares of the company touched a low of $2.50 and a high of $12.84 in 52 weeks. It has reached a new high 2 times so far this year and lost -17.56% or -$1.09 in price. In spite of this, the price is down -69.78% from the 52-week high.


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Insider Transactions

279 days have passed since MicroVision Inc. (MVIS) last reported insider trading activity. oz seval F, who is Director, most recently acquired $1,250 shares at $5.94 per share on Dec 17. In this transaction, the insider spent $7,423. Director, BIDDISCOMBE SIMON, disposed of 30,000 shares at a price of $6.89 on Dec 09. The insider now owns more than $206,619 worth of shares.

Valuation Metrics

MicroVision Inc. (MVIS) stock’s beta is 3.28. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 369.31, the price-to-book (PB) ratio at 7.25.

Financial Health

The quick ratio of MicroVision Inc. for the three months ended June 29 was 11.70, and the current ratio was 11.90, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending June 29. Its gross profit as reported stood at $2.5 million compared to revenue of $2.5 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, MicroVision Inc.’s return on assets was -39.90%.

Earnings Surprise

For the three-month period that ended June 29, MicroVision Inc. had $55.93 million in cash. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$13.6 million in the quarter, while revenues of -$13.17 million were shrunk -10.0%. The analyst consensus anticipated MicroVision Inc.’s latest quarter earnings to come in at -$0.07 per share, but it turned out to be -$0.08, a -14.30% surprise. For the quarter, EBITDA amounted to -$13.25 million. Shareholders own equity worth $165.53 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at MicroVision Inc. (MVIS) price momentum. RSI 9-day as of the close on 21 September was 29.21%, suggesting the stock is oversold, with historical volatility in this time frame at 49.02%.

As of today, MVIS’s price is $4.10 -8.20% or -$0.35 from its 5-day moving average. MVIS is currently trading -21.60% lower than its 20-day SMA and +21.36% higher than its 100-day SMA. However, the stock’s current price level is -19.84% below the SMA50 and -38.27% below the SMA200.

The stochastic %K and %D were 11.55% and 13.84%, respectively, and the average true range (ATR) was 0.29. With the 14-day stochastic at 1.06% and the average true range at 0.31, the RSI (14) stands at 35.08%. The stock has reached -0.14 on the 9-day MACD Oscillator while the 14-day reading was at -0.20.

Analyst Ratings

Cantor Fitzgerald launched coverage on MicroVision Inc. (NASDAQ: MVIS) in its analyst report released on March 07, 2022. The firm assigned the stock a Neutral rating. The consensus rating for MicroVision Inc. (MVIS) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell MVIS, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.

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

Analysts predict a range of price targets between $5.00 and $5.00, with a median target of $5.00. Taking a look at these predictions, the average price target given by analysts for MicroVision Inc. (MVIS) stock is $5.00.

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