Microvision Inc (NASDAQ:MVIS) price on Thursday, November 14, rose 0.31% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $0.95.
A look at the stock’s price movement, the close in the last trading session was $0.95, moving within a range at $0.95 and $0.9953. The beta value (5-Year monthly) was 3.03. Turning to its 52-week performance, $2.98 and $0.83 were the 52-week high and 52-week low respectively. Overall, MVIS moved -15.67% over the past month.
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Microvision Inc’s market cap currently stands at around $208.71 million, with investors looking forward to this quarter’s earnings report slated for in December.
Analysts have a consensus estimate of 8.8M for the company’s revenue for the quarter, with a low and high estimate of 8.8M and 8.8M respectively. The average forecast suggests up to a 820.50% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 49M, representing a 483.33% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that MVIS is a 100% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 0 recommend MVIS as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
MVIS’s current price about -9.22% and -13.87% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 37.00, while 7-day volatility ratio is 6.17% and 5.73% in the 30-day chart. Further, Microvision Inc (MVIS) has a beta value of 2.98, and an average true range (ATR) of 0.06. Analysts have given the company’s stock an average 52-week price target of $5, forecast between a low of $5 and high of $5. Looking at the price targets, the low is -426.32% off current price level while to achieve the yearly target high, price needs to move -426.32%. Nonetheless, investors will most likely welcome a -426.32% jump to $5 which is the analysts’ median price.
If we refocus on Microvision Inc (NASDAQ:MVIS), historical trading data shows that trading volumes averaged 2.48 over the past 10 days and 1.72 million over the past 3 months. The company’s latest data on shares outstanding shows there are 219.02 million shares.
The 1.12% of Microvision Inc’s shares are in the hands of company insiders while institutional holders own 28.85% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 48.04 million on 2024-10-31, giving us a short ratio of 28.0. The data shows that as of 2024-10-31 short interest in Microvision Inc (MVIS) stood at 2232.0 of shares outstanding, with shares short falling to 52.77 million registered in 2024-09-30. Current price change has pushed the stock -64.18% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the MVIS stock continues to rise going into the next quarter.
