Microvision Inc (NASDAQ:MVIS) traded at $1.61 at close of the session on Tuesday, January 28 and made an upward move of 3.21% on its previous day’s price.
Looking at the stock we see that its previous close was $1.56 and the beta (5Y monthly) reads 3.03 with the day’s price range being $1.53 – $1.68. In terms of its 52-week price range, MVIS has a high of $2.70 and a low of $0.80. The company’s stock has gained about 45.05% over that past 30 days.
Microvision Inc has a market cap of $352.62 million and is expected to release its quarterly earnings report in February.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 2.1M, with a low of 500k and a high of 3.7M. The median projection represents growth adding up to -58.83% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 5.95M, or -18.03% down from figures reported last year.
On the other hand, looking at the outlook for the MVIS stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 50% Buy.
Based on estimates by 1 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 1 have rated the Microvision Inc (MVIS) stock as a Hold, while 0 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Hold and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is 11.69% off its SMA20 and 41.88% from its 50-day simple moving average. The RSI (14) is pointing at 59.34 while the volatility over the past week is 12.85% and jumps to 15.85% over the past one month. The beta value is 2.85, while the average true range (ATR) is currently pointing at 0.18. The average price target for the stock over the next 12 months is $5, with the estimates having a low of $5 and a high of $5. These price ends are -210.56% and -210.56% off the current price level respectively, although investors could be excited at the prospect of a -210.56% if the MVIS share price touches on the median price of $5.
Coming back to Microvision Inc (NASDAQ:MVIS), we note that the average 3-month trading volume was 5.57 million, while that of the preceding 10-day period stands at 7.03 million. Current shares outstanding are 219.02 million.
The insiders hold 1.17% of the company’s shares while institutions hold 27.61%. The data shows that short shares as of 2025-01-15, stood at 59.32 million at a short ratio of 6.21. This represents a 2730.00 short interest in shares outstanding on 2025-01-15. Shares short rose in January from the previous month at 49.85 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 22.90% up in year-to-date price movement.
