With 20.3 million shares changed hands, the volume of the stock remained heavier than its average volume of 4.36 million shares. The 52-week range on MVIS shows that it touched its highest point at $1.95 and its lowest point at $0.80 during that stretch. It currently has a 1-year price target of $2.25. Beta for the stock currently stands at 1.57.
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 5.88%, but this was up by 17.76% over a month. Three-month performance dropped to -3.82% while six-month performance rose 43.64%. The stock gained 22.33% in the past year, while it has lost -3.82% so far this year. A look at the trailing 12-month EPS for MVIS yields -0.45 with Next year EPS estimates of -0.17. For the next quarter, that number is -0.06. This implies an EPS growth rate of 41.52% for this year and 35.37% for next year. EPS is expected to grow by 32.38% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -36.53%.
Float and Shares Shorts:
At present, 249.26 million MVIS shares are outstanding with a float of 245.74 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 -$0.26463 being high and -$0.61537 being low. For MVIS, this leads to a yearly average estimate of -$0.44. Based on analyst estimates, the high estimate for the next quarter is -$0.06 and the low estimate is -$0.07. The average estimate for the next quarter is thus -$0.06.
