With 11.24 million shares changed hands, the volume of the stock remained heavier than its average volume of 7.63 million shares. The 52-week range on MVIS shows that it touched its highest point at $2.70 and its lowest point at $0.80 during that stretch. It currently has a 1-year price target of $2.50. Beta for the stock currently stands at 2.61.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MVIS was up-trending over the past week, with a rise of 2.24%, but this was down by -24.73% over a month. Three-month performance surged to 51.40% while six-month performance rose 50.47%. The stock lost -34.76% in the past year, while it has gained 4.58% so far this year. A look at the trailing 12-month EPS for MVIS yields -0.42 with Next year EPS estimates of -0.22. For the next quarter, that number is -0.09. This implies an EPS growth rate of 10.00% for this year and 45.68% for next year. EPS is expected to grow by 29.90% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -13.75%.
Float and Shares Shorts:
At present, 224.98 million MVIS shares are outstanding with a float of 222.31 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MVIS since 1 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.27721 being high and -$0.62991 being low. For MVIS, this leads to a yearly average estimate of -$0.405.
