MicroVision Target of Unusually High Options Trading (NASDAQ:MVIS)

MicroVision, Inc. (NASDAQ:MVIS) was the target of some unusual options trading on Friday. Traders bought 11,174 call options on the company. This represents an increase of 125% compared to the typical volume of 4,970 call options.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MVIS. Westpark Capital assumed coverage on MicroVision in a research report on Thursday, December 19th. They set a “buy” rating and a $1.30 target price on the stock. StockNews.com raised shares of MicroVision to a “sell” rating in a research note on Friday, December 20th.

Hedge Funds Weigh In On MicroVision

Hedge funds and other institutional investors have recently modified their holdings of the business. Bard Financial Services Inc. acquired a new stake in MicroVision in the 4th quarter valued at about $166,000. Virtu Financial LLC acquired a new stake in shares of MicroVision in the third quarter valued at approximately $72,000. Barclays PLC lifted its position in MicroVision by 302.0% during the third quarter. Barclays PLC now owns 282,690 shares of the electronics maker’s stock worth $322,000 after buying an additional 212,365 shares in the last quarter. Coldstream Capital Management Inc. grew its holdings in MicroVision by 7.1% in the 3rd quarter. Coldstream Capital Management Inc. now owns 304,964 shares of the electronics maker’s stock valued at $348,000 after buying an additional 20,113 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of MicroVision by 7.8% in the third quarter. Geode Capital Management LLC now owns 4,999,592 shares of the electronics maker’s stock valued at $5,700,000 after purchasing an additional 363,292 shares during the period. 30.90% of the stock is owned by hedge funds and other institutional investors.

MicroVision Stock Performance

Shares of NASDAQ:MVIS traded up $0.22 during trading on Friday, reaching $1.44. The stock had a trading volume of 11,741,595 shares, compared to its average volume of 6,862,123. The business has a fifty day moving average price of $1.06 and a 200-day moving average price of $1.06. The stock has a market cap of $315.39 million, a PE ratio of -3.51 and a beta of 2.87. MicroVision has a 1-year low of $0.80 and a 1-year high of $2.70.

MicroVision Company Profile

MicroVision, Inc develops and sells lidar sensors and software used in automotive safety and autonomous driving applications. It offers a suite of light detection and ranging (lidar) sensors and perception; and validation software for automotive OEMs, advanced driver-assistance systems, and autonomous vehicle applications, as well as non-automotive applications including industrial, robotics, and smart infrastructure.