MicroVision Target of Unusually High Options Trading (NASDAQ:MVIS)

MicroVision, Inc. (NASDAQ:MVIS) saw unusually large options trading on Monday. Traders acquired 7,891 call options on the company. This is an increase of 141% compared to the typical volume of 3,271 call options.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Westpark Capital initiated coverage on MicroVision in a report on Thursday, December 19th. They issued a “buy” rating and a $1.30 price objective on the stock. StockNews.com upgraded shares of MicroVision to a “sell” rating in a report on Friday, December 20th.

Institutional Trading of MicroVision

Large investors have recently modified their holdings of the company. Sei Investments Co. acquired a new position in MicroVision during the 2nd quarter worth $27,000. Aaron Wealth Advisors LLC acquired a new position in shares of MicroVision during the 3rd quarter worth about $31,000. XTX Topco Ltd bought a new stake in MicroVision during the 2nd quarter valued at approximately $32,000. Allspring Global Investments Holdings LLC acquired a new stake in MicroVision in the 3rd quarter valued at approximately $40,000. Finally, Hsbc Holdings PLC increased its position in MicroVision by 158.3% in the 2nd quarter. Hsbc Holdings PLC now owns 39,168 shares of the electronics maker’s stock worth $41,000 after buying an additional 24,006 shares during the period. 30.90% of the stock is owned by institutional investors.

MicroVision Stock Performance

MVIS opened at $1.64 on Tuesday. MicroVision has a twelve month low of $0.80 and a twelve month high of $2.80. The business has a 50 day moving average price of $1.00 and a 200 day moving average price of $1.04. The firm has a market cap of $359.19 million, a P/E ratio of -4.00 and a beta of 2.96.

MicroVision Company Profile

MicroVision, Inc develops and sells lidar sensors and software used in automotive safety and autonomous driving applications. It offers a suite of light detection and ranging (lidar) sensors and perception; and validation software for automotive OEMs, advanced driver-assistance systems, and autonomous vehicle applications, as well as non-automotive applications including industrial, robotics, and smart infrastructure.