In a report released today, Kevin Dede from H.C. Wainwright downgraded Microvision (MVIS) to Hold. The company’s shares closed last Wednesday at $2.53.
According to TipRanks.com, Dede has 0 stars on 0-5 stars ranking scale with an average return of -7.5% and a 39.5% success rate. Dede covers the Technology sector, focusing on stocks such as WISeKey International Holding, Magic Software Enterprises, and POET Technologies.
The word on The Street in general, suggests a Hold analyst consensus rating for Microvision.
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Based on Microvision’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.47 million and GAAP net loss of $4.93 million. In comparison, last year the company earned revenue of $1.85 million and had a GAAP net loss of $8.07 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. The company was founded in May 1993 and is headquartered in Redmond, WA.
