At the last check on Monday, MicroVision Inc.’s (NASDAQ:MVIS) stock was down -$0.07, moving down -1.97 percent to $3.48. The average number of shares traded per day over the past five days has been 2,706,800 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.27 fall in that time frame. In the last twenty days, the average volume was 2,600,375, while in the previous 50 days, it was 6,582,508.
Since last month, MVIS stock retreated -12.12%. Shares of the company fell to $3.47 on 08/04/23, the lowest level in the past month. A 52-week high of $8.20 was reached on 06/07/23 after having rallying from a 52-week low of $1.82. Since the beginning of this year, MVIS’s stock price has risen by 48.09% or $1.13, and marked a new high 19 times. However, the stock has declined by -57.56% since its 52-week high.
Valuation Metrics
The stock’s beta is 3.07. Besides these, the trailing price-to-sales (P/S) ratio of 530.13, the price-to-book (PB) ratio of 6.96.
Financial Health
In the three months ended March 30, MicroVision Inc.’s quick ratio stood at 3.30, while its current ratio was 3.50, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 49.50% percent. Based on annual data, MVIS earned $0.56 million in gross profit and brought in $0.66 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 -60.10%. Return on equity (ROE) for the past 12 months was -66.20%.
MVIS’s revenue rose 28.21% during the quarter, while net income inched up to $0.78 million. While analysts expected MicroVision Inc. to report -$0.11 quarterly earnings, the actual figure was -$0.11 per share. During the quarter, the company generated -$18.67 million in EBITDA. The liabilities of MicroVision Inc. were 36.72 million at the end of its most recent quarter ended March 30, and its total debt was $15.95 million. The value of shareholders’ equity is $176.52 million.
Technical Picture
This quick technical analysis looks at MicroVision Inc.’s (MVIS) price momentum. With a historical volatility rate of 61.73%, the RSI 9-day stood at 34.93% on 04 August.
With respect to its five-day moving average, the current MicroVision Inc. price is down by -7.20% percent or -$0.27. At present, MVIS shares trade -14.71% below its 20-day simple moving average and +62.62% percent above its 100-day simple moving average. However, the stock is currently trading approximately -14.29% below its SMA50.
Stochastic coefficient K was 6.90% and Stochastic coefficient D was 14.39%, while ATR was 0.25. Given the Stochastic reading of 1.30% for the 14-day period, the RSI (14) reading has been calculated as 39.39%. As of today, the MACD Oscillator reading stands at -0.12, while the 14-day reading stands at -0.20.
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 $4.00, the current consensus forecast for the stock is $4.00 – $4.00. Based on these forecasts, analysts predict MicroVision Inc. (MVIS) will achieve an average price target of $4.00.
