(VIANEWS) – Shares of MicroVision (NASDAQ: MVIS) dropped by a staggering 33.58% in 21 sessions from $6.7 at 2023-06-09, to $4.45 at 14:41 EST on Wednesday, following the last session’s upward trend. NASDAQ is jumping 1.27% to $13,934.85, after two consecutive sessions in a row of gains.
MicroVision’s last close was $4.38, 46.59% under its 52-week high of $8.20.
About MicroVision
MicroVision, Inc. develops and sells lidar sensors used in automotive safety and autonomous driving applications. Its laser beam scanning technology is based on micro-electrical mechanical systems (MEMS), laser diodes, opto-mechanics, electronics, algorithms, and software. The company also develops micro-display concepts and designs for head-mounted augmented reality (AR) headsets, as well as 1440i MEMS module supporting AR headsets; interactive display solutions for the smart speakers market; and Consumer Lidar used in smart home systems. In addition, it develops 1st Generation LRL module. The company sells its products primarily to original equipment manufacturers and original design manufacturers. MicroVision, Inc. was founded in 1993 and is headquartered in Redmond, Washington.
Earnings Per Share
As for profitability, MicroVision has a trailing twelve months EPS of $-0.37.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is negative -62.05%.
Growth Estimates Quarters
The company’s growth estimates for the current quarter and the next is a negative 25% and a negative 37.5%, respectively.
Yearly Top and Bottom Value
MicroVision’s stock is valued at $4.45 at 14:41 EST, way under its 52-week high of $8.20 and way above its 52-week low of $1.82.
Stock Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, MicroVision’s stock is considered to be oversold (<=20).
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