Traders Purchase Large Volume of MicroVision Call Options (NASDAQ:MVIS)

MicroVision, Inc. (NASDAQ:MVIS) was the recipient of some unusual options trading on Monday. Traders purchased 21,753 call options on the company. This is an increase of 248% compared to the average daily volume of 6,246 call options.

Analyst Ratings Changes

MVIS has been the subject of a number of research reports. Westpark Capital increased their target price 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 MicroVision stock opened at $1.39 on Tuesday. The company has a market capitalization of $304.44 million, a price-to-earnings ratio of -3.39 and a beta of 2.87. The business has a fifty day simple moving average of $1.20 and a two-hundred day simple moving average of $1.10. MicroVision has a 1 year low of $0.80 and a 1 year high of $2.70.

MicroVision (NASDAQ:MVIS) last posted its quarterly earnings data on Thursday, November 7th. The electronics maker reported ($0.07) earnings per share for the quarter. MicroVision had a negative return on equity of 102.34% and a negative net margin of 1,049.43%. The firm had revenue of $0.19 million for the quarter. During the same quarter last year, the firm earned ($0.12) EPS.

Hedge Funds Weigh In On MicroVision

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC raised its position in MicroVision by 158.3% during the second quarter. Hsbc Holdings PLC now owns 39,168 shares of the electronics maker’s stock valued at $41,000 after purchasing an additional 24,006 shares in the last quarter. Sei Investments Co. bought a new position in shares of MicroVision during the second quarter valued at $27,000. ProShare Advisors LLC lifted its holdings in MicroVision by 62.9% during the 2nd quarter. ProShare Advisors LLC now owns 155,267 shares of the electronics maker’s stock worth $165,000 after buying an additional 59,977 shares during the period. SG Americas Securities LLC boosted its holdings in MicroVision by 38.4% in the third quarter. SG Americas Securities LLC now owns 104,005 shares of the electronics maker’s stock valued at $119,000 after acquiring an additional 28,846 shares during the last quarter. Finally, Aaron Wealth Advisors LLC acquired a new stake in shares of MicroVision during the third quarter worth $31,000. 30.90% of the stock is owned by institutional investors and hedge funds.

MicroVision Company Profile

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.