MicroVision Inc. (MVIS) shares are trading at lower $2.40 and the avg recommendation for the stock is Hold.
To add more color to this target, the company’s high over the last year is $3.45 and the low is $0.15. Over the last 52 weeks, MVIS is up 242.81% while the S&P 500 is up 16.45%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, MVIS reported a profit of $0.59 million. MicroVision Inc. also saw revenues increase to $0.59 million. In addition, MVIS has free cash flow of -$8.46 million as of 06-2020. The company’s EBITDA came in at -$2.06 million which compares well with its peers.
MVIS Return on Equity (ROE) is 355.60%, and its Return on Assets is -156.30%. All told, it is clear that, MVIS needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. MVIS has a short ratio of 1.89 and outstanding shares of 143.86M.
MVIS has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 10.53 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.14. MicroVision Inc. MVIS also noted assets of $11.51 million at the end of the last quarter. Investors should also keep an eye on sector updates as MVIS has historically followed its peers on positive news.
All told, MicroVision Inc. MVIS has strung together solid data and demonstrated underlying fundamentals. At its current valuation, MVIS represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
MicroVision Inc. MVIS is now commanding a market cap of 296.28M and a float of 142.67M. MVIS is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of MVIS stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in MVIS, either long or short, and we have not been compensated for this article.