Thursday, January 26, 2017

New Buy Recommendation

Microvision (MVIS) was Initiated by Ladenburg Thalmann to “Buy” and the brokerage firm has set the Price Target at $4.50. Ladenburg Thalmann advised their Clients and Investors in a research report released on Jan 26, 2017. 
On the company’s financial health, Microvision reported $-0.08 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Nov 2, 2016. Analyst had a consensus of $-0.07. The company had revenue of $4.00 million for the quarter, compared to analysts expectations of $3.23 million. The company’s revenue was up 66.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.07 EPS.
Several company insiders have filed Insider transactions , on Dec 14, 2016, Brian V Turner (Director) purchased 23,364 shares at $1.07 per share price. According to the SEC, on Dec 14, 2016, David J Westgor (VP,Gen Counsel & Secretary) purchased 4,672 shares at $1.07 per share price. On Dec 14, 2016, Slade Gorton (Director) purchased 93,458 shares at $1.07 per share price, according to the Form-4 filing with the securities and exchange commission.
Microvision opened for trading at $1.18 and hit $1.26 on the upside on Monday, eventually ending the session at $1.26, with a gain of 8.62% or 0.1 points. The heightened volatility saw the trading volume jump to 227,972 shares. Company has a market cap of $86 M.
Microvision Inc. is a developer of PicoP display technology which can be used by its customers to create high-resolution miniature laser display and imaging engines. The Company’s PicoP technology utilizes its two dimensional Micro-Electrical Mechanical Systems (MEMS) lasers optics and electronics to create a video or still image from a small form factor device. It also provides engineering support to its customers as they prepare to manufacture display engines as well as provide support to original device manufacturers and original equipment manufacturers during the integration and optimization of PicoP display technology for specific products. It focuses to provide users of mobile consumer devices such as smartphones media players tablet personal computers and other consumer electronics products with a large screen viewing experience produced by a small embedded projector.

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