MicroVision, Inc. (MVIS) Formed Double Bottom Pattern; Sellers Are Thriving

May 17, 2018 - By Hannah Black

MicroVision, Inc. (NASDAQ:MVIS) Logo

Investors sentiment decreased to 1.68 in Q4 2017. Its down 0.89, from 2.57 in 2017Q3. It dropped, as 9 investors sold MicroVision, Inc. shares while 13 reduced holdings. 17 funds opened positions while 20 raised stakes. 23.49 million shares or 1.22% less from 23.78 million shares in 2017Q3 were reported.
Lpl Ltd Liability Corp reported 0% stake. Voya Inv Limited Liability Corporation accumulated 41,525 shares. Bank & Trust Of America De owns 0% invested in MicroVision, Inc. (NASDAQ:MVIS) for 44,318 shares. Northern Corporation reported 0% stake. California Public Employees Retirement Sys invested in 27,600 shares. Hilton Cap Mgmt Ltd Limited Liability Company accumulated 25,000 shares. Jpmorgan Chase And holds 0% of its portfolio in MicroVision, Inc. (NASDAQ:MVIS) for 19,481 shares. Tower Research Limited (Trc) accumulated 13,509 shares. Royal State Bank Of Canada owns 0% invested in MicroVision, Inc. (NASDAQ:MVIS) for 3,266 shares. Awm Invest reported 7.37 million shares stake. Raymond James & Associates holds 0% or 10,025 shares. D E Shaw Inc invested 0% in MicroVision, Inc. (NASDAQ:MVIS). New York State Common Retirement Fund holds 0% of its portfolio in MicroVision, Inc. (NASDAQ:MVIS) for 56,700 shares. Proshare Advsr Ltd Llc holds 11,685 shares or 0% of its portfolio. Tradewinds Mgmt Ltd Liability Company stated it has 0% of its portfolio in MicroVision, Inc. (NASDAQ:MVIS).

The chart of MicroVision, Inc. (MVIS) shows a double bottom with $1.51 target or 5.00 % below today’s $1.59 share price. The 5 months chart pattern indicates high risk for the $125.00M company. It was reported on May, 17 by Finviz.com. If the $1.51 price target is reached, the company will be worth $6.25M less. Double bottoms are rare but powerful chart patterns.

It closed at $1.59 lastly. It is down 54.80% since May 17, 2017 and is downtrending. It has underperformed by 66.35% the S&P500.

Analysts await MicroVision, Inc. (NASDAQ:MVIS) to report earnings on August, 2. They expect $-0.09 EPS, down 12.50 % or $0.01 from last year’s $-0.08 per share. After $-0.09 actual EPS reported by MicroVision, Inc. for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

More recent MicroVision, Inc. (NASDAQ:MVIS) news were published by: Seekingalpha.com which released: “Microvision’s (MVIS) CEO Perry Mulligan on Q1 2018 Results – Earnings Call Transcript” on May 10, 2018. Also Globenewswire.com published the news titled: “MicroVision to Announce First Quarter 2018 Results on May 9” on May 02, 2018. Globenewswire.com‘s news article titled: “MicroVision Announces First Quarter 2018 Results” with publication date: May 09, 2018 was also an interesting one.

MicroVision, Inc. develops PicoP scanning technology that provides high-resolution miniature projection, and three-dimensional sensing and image capture solutions in the United States. The company has market cap of $125.00 million. The Company’s PicoP scanning technology comprises a small form factor and lower power scanning engine for display, 3D sensing, and user interaction applications. It currently has negative earnings. The firm licenses its products primarily to original design manufacturers and original equipment manufacturers.

MicroVision, Inc. (NASDAQ:MVIS) Institutional Positions Chart

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