MicroVision (NASDAQ:MVIS) Stock Passes Above 200-Day Moving Average - Should You Sell?

MicroVision, Inc. (NASDAQ:MVIS - Get Free Report) recently surpassed its 200-day moving average during trading sessions earlier this week. The company’s 200-day moving average sits at $1.12, and the stock reached a peak of $1.43 before settling at $1.34. On this day, trading volume was reported at 3,201,736 shares.

Analyst Upgrades and Downgrades

A number of analysts are taking notice of MVIS shares. For instance, Westpark Capital upgraded their price target from $1.30 to $2.00, rating the stock as a 'buy' in a note released on January 22nd. D. Boral Capital launched coverage on MicroVision on February 10th, also giving it a 'buy' rating with a stated price target of $3.00. However, it's worth mentioning that StockNews.com downgraded MicroVision to a 'sell' rating in a research note dated December 20th.

MicroVision Stock Up 31.6 %

As for recent performance, MicroVision’s stock has experienced an increase of 31.6%. The firm’s 50-day and 200-day moving averages are $1.34 and $1.13, respectively. The market capitalization for MicroVision stands at $383.29 million, with a P/E ratio of -4.27 and a beta of 2.87, indicating a relatively volatile stock.

Institutional Investors Weigh In On MicroVision

Institutional investor activities reflect a growing interest in MicroVision. SG Americas Securities LLC increased its stake by 38.4% in the third quarter, acquiring an additional 28,846 shares and bringing their total to 104,005 shares valued at $119,000. Furthermore, Allspring Global Investments Holdings LLC established a new position with shares valued around $40,000. United Asset Strategies Inc. also entered the scene, purchasing a new position valued at roughly $46,000. In addition, BSW Wealth Partners grew their holdings by 33.3%, owning now 400,000 shares valued at $456,000 after acquiring an additional 100,000 shares. Overall, institutional investors hold approximately 30.90% of MicroVision's stock.

MicroVision Company Profile

MicroVision, Inc. specializes in developing and selling lidar sensors and software designed for automotive safety and autonomous driving. The company provides a range of light detection and ranging (lidar) sensors, perception software, and validation tools tailored for automotive original equipment manufacturers, advanced driver-assistance systems, and various non-automotive sectors including industrial, robotics, and smart infrastructure.

Final Thoughts

With the stock now trading above its 200-day moving average, questions arise regarding MicroVision's future trajectory. Should investors consider selling, or is there potential for continued growth? Keeping an eye on analyst ratings and institutional positions could provide further insights for investors.

MicroVision, Stocks, Market