H.C. Wainwright analyst Kevin Dede maintained a Buy rating on Microvision (MVIS) today and set a price target of $3.50. The company’s shares closed on Friday at $0.63, close to its 52-week low of $0.51.
Dede noted:
“of the world’s largest consumer electronics show should wow those that pay attention. Late last week, MicroVision issued press spotlighting its upcoming demonstrations of its latest technological capability at CES 2019, Las Vegas, January 8-11. While our regular commentary of MicroVision’s technological advancements in the various functions of its laser-based optical engines, such as our September 10 note, Buy, has frequently focused the spotlight specifically on the technology per se, we thought it prudent to step up and call attention to the latest 63c stock price and $59M market cap in advance of the wares MicroVision demonstrates at CES, versus afterwards as has been our custom.”
According to TipRanks.com, Dede is ranked 0 out of 5 stars with an average return of -24.6% and a 20.2% success rate. Dede covers the Consumer Goods sector, focusing on stocks such as Top Image Systems, SuperCom, and Resonant.
Microvision has an analyst consensus of Moderate Buy, with a price target consensus of $2.63, representing a 317.5% upside. In a report issued on December 19, Craig-Hallum also initiated coverage with a Buy rating on the stock with a $1.75 price target.
.
See today’s analyst top recommended stocks >>
The company has a one-year high of $1.85 and a one-year low of $0.51. Currently, Microvision has an average volume of 611.7K.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
