D. Boral Capital Initiates Coverage on MicroVision (NASDAQ:MVIS)

D. Boral Capital started coverage on shares of MicroVision (NASDAQ:MVISGet Free Report) in a report issued on Monday, MarketBeat.com reports. The brokerage set a “buy” rating and a $3.00 price target on the electronics maker’s stock. D. Boral Capital’s price objective points to a potential upside of 112.77% from the company’s current price.

Several other research analysts have also recently issued reports on MVIS. Westpark Capital increased their price objective on MicroVision from $1.30 to $2.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. StockNews.com raised MicroVision to a “sell” rating in a research report on Friday, December 20th.

View Our Latest Stock Analysis on MVIS

MicroVision Price Performance

Shares of MVIS stock opened at $1.41 on Monday. The company has a market capitalization of $308.82 million, a P/E ratio of -3.44 and a beta of 2.87. The company’s 50-day simple moving average is $1.27 and its two-hundred day simple moving average is $1.11. MicroVision has a one year low of $0.80 and a one year high of $2.70.

Hedge Funds Weigh In On MicroVision

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Cibc World Markets Corp purchased a new stake in MicroVision during the fourth quarter worth $26,000. Caitlin John LLC bought a new position in shares of MicroVision in the 4th quarter worth $26,000. Aaron Wealth Advisors LLC purchased a new stake in shares of MicroVision during the 3rd quarter worth $31,000. Warwick Investment Management Inc. bought a new stake in MicroVision during the fourth quarter valued at about $37,000. Finally, Synergy Asset Management LLC grew its stake in MicroVision by 140.4% in the fourth quarter. Synergy Asset Management LLC now owns 30,252 shares of the electronics maker’s stock valued at $38,000 after purchasing an additional 17,669 shares during the last quarter. 30.90% of the stock is currently owned by institutional investors.

About MicroVision

(Get Free Report)

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.

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