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

D. Boral Capital started coverage on shares of MicroVision (NASDAQ:MVIS) 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.

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

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.