Ladenburg Believes Microvision (NASDAQ: MVIS) Won’t Stop Here

By Austin Angelo

Ladenburg analyst Glenn G Mattson reiterated a Buy rating on Microvision (NASDAQ: MVIS) on April 21. The company’s shares closed yesterday at $2.87, close to its 52-week high of $2.89.

G Mattson commented:

“We do believe that this is unrelated to the 3 LBS engines that the company has previously discussed rolling out over the next 18 months because most of the design work for those products was completed. That leads us to believe that this deal is incremental from the prior guidance which called for $30-$60 million in incremental revenues in the 18 months following the 2Q:17 release of the first new engine. The headline of the release states that this is also a supply contract. We would assume that if the product proves successful it could result in material additional revenues under a supply arrangement beginning after the development phase.”

According to TipRanks.com, Mattson is a 4-star analyst with an average return of 22.0% and a 72.7% success rate. Mattson covers the Technology sector, focusing on stocks such as Comtech Telecommunications, Progress Software Corp, and Intralinks Holdings.

Microvision has an analyst consensus of Moderate Buy.

The company has a one year high of $2.89 and a one year low of $0.89. Currently, Microvision has an average volume of 1.04M.

Based on the recent corporate insider activity of 14 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. Most recently, in November 2015, Alexander Tokman, the President & CEO of MVIS bought 10,000 shares for a total of $23,300.

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. The company was founded in May 1993 and is headquartered in Redmond, WA.