H.C. Wainwright analyst Kevin Dede reiterated a Buy rating on Microvision (NASDAQ: MVIS) today and set a price target of $3.50. The company’s shares closed yesterday at $1.09, close to its 52-week low of $0.89.
According to TipRanks.com, Dede is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -15.3% and a 28.3% success rate. Dede covers the Consumer Goods sector, focusing on stocks such as Top Image Systems, SuperCom, and Resonant.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Microvision with a $4 average price target.
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The company has a one-year high of $2.36 and a one-year low of $0.89. Currently, Microvision has an average volume of 586K.
Based on the recent corporate insider activity of 12 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MVIS in relation to earlier this year.
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MicroVision, Inc. engages in the development of laser beam scanning technology. It offers its product under the PicoP brand. PicoP offers Pico projection or interactive Pico projection; three-dimensional sensing for automotive and industrial applications; augmented or virtual reality; and head up displays for automobiles.
