Microvision Inc (NASDAQ:MVIS) price on Thursday, March 20, fall -1.45% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.36.
A look at the stock’s price movement, the close in the last trading session was $1.38, moving within a range at $1.31 and $1.3895. The beta value (5-Year monthly) was 2.613. Turning to its 52-week performance, $1.95 and $0.80 were the 52-week high and 52-week low respectively. Overall, MVIS moved -22.29% over the past month.
Microvision Inc’s market cap currently stands at around $305.97 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Mar-25.
Analysts have a consensus estimate of 3.25M for the company’s revenue for the quarter, with a low and high estimate of 500k and 6M respectively. The average forecast suggests down to a -36.29% 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 6.27M, representing a -13.58% decline 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 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy 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 6.65% and -2.21% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 52.61, while 7-day volatility ratio is 8.80% and 12.61% in the 30-day chart. Further, Microvision Inc (MVIS) has a beta value of 2.55, and an average true range (ATR) of 0.15. 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 -267.65% off current price level while to achieve the yearly target high, price needs to move -267.65%. Nonetheless, investors will most likely welcome a -267.65% 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 4.39 over the past 10 days and 7.80 million over the past 3 months. The company’s latest data on shares outstanding shows there are 224.98 million shares.
The 1.19% of Microvision Inc’s shares are in the hands of company insiders while institutional holders own 29.00% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 61.18 million on 2025-02-28, giving us a short ratio of 7.24. The data shows that as of 2025-02-28 short interest in Microvision Inc (MVIS) stood at 2740.0 of shares outstanding, with shares short rising to 60.73 million registered in 2025-01-31. Current price change has pushed the stock 3.82% 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.
