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 $0.97, close to its 52-week low of $0.89.
According to TipRanks.com, Dede has 0 stars on 0-5 star ranking scale with an average return of -11.2% and a 35.3% 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 $3.50.
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Based on Microvision’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $8.46 million. In comparison, last year the company had a GAAP net loss of $5.49 million.
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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.
