MicroVision (NASDAQ:MVIS) Stock Passes Above 200 Day Moving Average – What’s Next?

MicroVision, Inc. (NASDAQ:MVIS)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.06 and traded as high as $1.22. MicroVision shares last traded at $1.19, with a volume of 5,600,551 shares.

Analyst Ratings Changes

MVIS has been the topic of several analyst reports. Westpark Capital began coverage on shares of MicroVision in a research note on Thursday, December 19th. They issued a “buy” rating and a $1.30 target price on the stock. StockNews.com raised shares of MicroVision to a “sell” rating in a research report on Friday, December 20th.

MicroVision Trading Down 6.3 %

The stock has a 50 day simple moving average of $1.05 and a 200-day simple moving average of $1.06. The firm has a market cap of $260.63 million, a P/E ratio of -2.90 and a beta of 2.87.

Hedge Funds Weigh In On MicroVision

Institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC lifted its position in shares of MicroVision by 7.8% in the 3rd quarter. Geode Capital Management LLC now owns 4,999,592 shares of the electronics maker’s stock worth $5,700,000 after purchasing an additional 363,292 shares during the period. State Street Corp increased its position in MicroVision by 0.7% during the 3rd quarter. State Street Corp now owns 5,095,629 shares of the electronics maker’s stock valued at $5,809,000 after buying an additional 37,126 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of MicroVision by 4.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,697,587 shares of the electronics maker’s stock valued at $1,935,000 after purchasing an additional 65,712 shares during the last quarter. Barclays PLC raised its holdings in shares of MicroVision by 302.0% in the third quarter. Barclays PLC now owns 282,690 shares of the electronics maker’s stock worth $322,000 after buying an additional 212,365 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new stake in MicroVision during the 3rd quarter worth about $56,000. 30.90% of the stock is owned by hedge funds and other institutional investors.

About MicroVision

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.