MicroVision Sees Unusually Large Options Volume (NASDAQ:MVIS)

MicroVision, Inc. (NASDAQ:MVIS) saw unusually large options trading on Monday. Traders purchased 15,286 call options on the stock. This represents an increase of 53% compared to the average volume of 10,011 call options.

MicroVision Stock Performance

Shares of NASDAQ:MVIS opened at $1.52 on Wednesday. The company’s fifty day moving average is $1.41 and its two-hundred day moving average is $1.20. MicroVision has a 1-year low of $0.80 and a 1-year high of $1.95. The stock has a market capitalization of $332.91 million, a price-to-earnings ratio of -3.71 and a beta of 2.63.

Analyst Ratings Changes

A number of analysts have recently weighed in on MVIS shares. StockNews.com raised shares of MicroVision to a “sell” rating in a research report on Monday, March 10th. D. Boral Capital reaffirmed a “buy” rating and set a $3.00 price target on shares of MicroVision in a research report on Tuesday. Finally, Westpark Capital restated a “buy” rating and set a $2.00 price objective on shares of MicroVision in a research note on Tuesday.

Institutional Investors Weigh In On MicroVision

Several institutional investors and hedge funds have recently bought and sold shares of MVIS. Hudson Bay Capital Management LP bought a new position in shares of MicroVision during the fourth quarter valued at approximately $2,116,000. Renaissance Technologies LLC acquired a new stake in MicroVision in the fourth quarter worth $1,769,000. Millennium Management LLC lifted its stake in MicroVision by 10,387.0% in the fourth quarter. Millennium Management LLC now owns 1,125,670 shares of the electronics maker’s stock valued at $1,475,000 after buying an additional 1,114,936 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of MicroVision by 686.5% during the fourth quarter. JPMorgan Chase & Co. now owns 708,518 shares of the electronics maker’s stock valued at $928,000 after acquiring an additional 618,429 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of MicroVision by 7.8% during the third quarter. Geode Capital Management LLC now owns 4,999,592 shares of the electronics maker’s stock worth $5,700,000 after acquiring an additional 363,292 shares during the last quarter. Institutional investors and hedge funds own 30.90% of the company’s stock.

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.