MicroVision Stock Rating Adjusted by Analysts

MicroVision (NASDAQ:MVIS) has received an upgrade from stock analysts at StockNews.com, who have revised their recommendation for the company to a "sell" rating in a recent research report issued to investors on Friday.

Analyst Ratings Overview

In a separate move, Westpark Capital initiated coverage on MicroVision, setting a more optimistic tone with a "buy" rating and a price target of $1.30 per share. This contrasting outlook from different analysts highlights the mixed feelings surrounding the company's performance.

MicroVision Stock Performance

On Friday, MicroVision's stock saw a minor increase of $0.04, bringing the trading price to $0.99. The trading volume reached 10,152,940 shares, significantly higher than its average daily volume of 2,444,528 shares. The stock has fluctuated over the past year, with a low of $0.80 and a high of $2.98. Its fifty-day simple moving average stands at $0.98, while the 200-day moving average is at $1.03. MicroVision currently has a market capitalization of approximately $215.80 million, featuring a negative P/E ratio of -2.40 and a beta value of 2.96, indicating higher volatility compared to the overall market.

Changes in Institutional Holdings

Recent changes in institutional investments show a growing interest in MicroVision. Sei Investments Co. established a new position in the company in the second quarter with an investment of $27,000. Aaron Wealth Advisors LLC and XTX Topco Ltd also made new purchases during the third quarter, investing approximately $31,000 and $32,000 respectively. Additionally, Allspring Global Investments Holdings LLC bought into MicroVision during the third quarter for around $40,000. Hsbc Holdings PLC significantly increased its holdings in the company by 158.3% in the second quarter, now owning 39,168 shares valued at $41,000 after acquiring an additional 24,006 shares. Remarkably, institutional investors now hold about 30.90% of MicroVision’s stock.

About MicroVision

MicroVision, Inc. focuses on developing and selling lidar sensors and software, which are pivotal for automotive safety and autonomous driving technologies. The company offers a range of light detection and ranging (lidar) sensors and software solutions catering to automotive OEMs, advanced driver-assistance systems, and autonomous vehicle functionalities. Their technologies are also applied in non-automotive sectors, including industrial applications, robotics, and smart infrastructure.

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