Microvision (MVIS) Earning Somewhat Positive Press Coverage, Analysis Shows

Press coverage about Microvision (NASDAQ:MVIS) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research group rates the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Microvision earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned media stories about the electronics maker an impact score of 45.8654908748839 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Shares of Microvision (NASDAQ MVIS) opened at $1.72 on Friday. Microvision has a twelve month low of $1.05 and a twelve month high of $3.25.

Microvision (NASDAQ:MVIS) last posted its quarterly earnings results on Thursday, November 2nd. The electronics maker reported ($0.07) EPS for the quarter, hitting analysts’ consensus estimates of ($0.07). The business had revenue of $6.09 million during the quarter, compared to analysts’ expectations of $5.24 million. Microvision had a negative net margin of 193.59% and a negative return on equity of 335.81%. The business’s quarterly revenue was up 52.3% on a year-over-year basis. During the same period last year, the company posted ($0.08) earnings per share. research analysts anticipate that Microvision will post -0.3 earnings per share for the current fiscal year.

Several equities research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Microvision from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. HC Wainwright reiterated a “buy” rating and set a $3.50 price objective on shares of Microvision in a research report on Thursday, September 14th. ValuEngine cut shares of Microvision from a “hold” rating to a “sell” rating in a research report on Thursday, November 2nd. Finally, S&P Equity Research increased their price objective on shares of Microvision from $1.75 to $2.22 in a research report on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the company. Microvision presently has an average rating of “Hold” and a consensus price target of $3.34.

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About Microvision

Microvision, Inc is a developer of laser beam scanning (LBS) technology. The Company markets its technology under the brand name, PicoP. It has developed PicoP scanning technology that can be adopted by its customers to create high-resolution miniature projection, and three-dimensional sensing and image capture solutions that use laser diodes as the light source.

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