MicroVision, Inc. (NASDAQ:MVIS – Get Rating) was the target of unusually large options trading on Tuesday. Stock investors purchased 16,017 call options on the company. This is an increase of 99% compared to the average daily volume of 8,060 call options.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in MVIS. MCF Advisors LLC purchased a new stake in shares of MicroVision during the first quarter worth about $30,000. Itau Unibanco Holding S.A. grew its stake in MicroVision by 137.9% in the fourth quarter. Itau Unibanco Holding S.A. now owns 7,000 shares of the electronics maker's stock worth $36,000 after purchasing an additional 4,058 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in MicroVision by 420.5% in the first quarter. Nisa Investment Advisors LLC now owns 8,640 shares of the electronics maker's stock valued at $40,000 after acquiring an additional 6,980 shares during the period. Mackenzie Financial Corp acquired a new position in MicroVision in the second quarter valued at approximately $44,000. Finally, Csenge Advisory Group acquired a new position in MicroVision in the first quarter valued at approximately $55,000. 30.28% of the stock is owned by hedge funds and other institutional investors.
Get MicroVision alerts:MicroVision Price Performance
MVIS opened at $4.17 on Wednesday. The stock has a market cap of $690.26 million, a P/E ratio of -13.90 and a beta of 3.28. The stock's 50 day simple moving average is $4.88 and its 200 day simple moving average is $4.21. MicroVision has a 1-year low of $2.50 and a 1-year high of $12.84.
MicroVision (NASDAQ:MVIS – Get Rating) last announced its earnings results on Thursday, July 28th. The electronics maker reported ($0.08) EPS for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.01). MicroVision had a negative net margin of 2,515.32% and a negative return on equity of 45.09%. During the same period last year, the firm posted ($0.04) EPS. Research analysts expect that MicroVision will post -0.33 EPS for the current fiscal year.MicroVision Company Profile
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MicroVision, Inc develops lidar sensors used in automotive safety and autonomous driving applications. Its laser beam scanning technology is based on micro-electrical mechanical systems, laser diodes, opto-mechanics, electronics, algorithms, and software. The company also develops micro-display concepts and designs for head-mounted augmented reality (AR) headsets, as well as 1440i MEMS module that can support AR headsets; Interactive Display modules used in smart speakers and other devices; and Consumer Lidar used in smart home systems.
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