H.C. Wainwright Believes Microvision (NASDAQ: MVIS) Still Has Room to Grow

By Carrie Williams

In a report released today, Kevin Dede from H.C. Wainwright reiterated a Buy rating on Microvision (NASDAQ: MVIS), with a price target of $3.50. The company’s shares closed yesterday at $3.17, close to its 52-week high of $3.25.

According to TipRanks.com, Dede is ranked 0 out of 5 stars with an average return of -7.6% and a 43.2% success rate. Dede covers the Consumer Goods sector, focusing on stocks such as Sierra Wireless Inc, Top Image Systems, and Ubiquiti Networks.

Microvision has an analyst consensus of Moderate Buy, with a price target consensus of $3.25.

Based on Microvision’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $1.45 million and GAAP net loss of $5.49 million. In comparison, last year the company earned revenue of $4.16 million and had a GAAP net loss of $3.48 million.

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. is the creator of PicoP scanning technology, an ultra-miniature laser projection and sensing solution based on the laser beam scanning methodology pioneered by the company. MicroVision’s platform approach for this advanced display and sensing solution means that it can be adapted to a wide array of applications and form factors.