(VIANEWS) – Shares of MicroVision (NASDAQ: MVIS) fell 9.38% to $2.32 at 13:53 EST on Wednesday, after five successive sessions in a row of gains. NASDAQ is jumping 0.56% to $12,247.23, following the last session’s downward trend. This seems, up until now, a somewhat positive trend trading session today.
MicroVision’s last close was $2.56, 57.05% below its 52-week high of $5.96.
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 $-0.35.
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 -52.44%.
Revenue Growth
Year-on-year quarterly revenue growth declined by 100%, now sitting on 664k for the twelve trailing months.
Sales Growth
MicroVision’s sales growth is negative 42.9% for the present quarter and 218.5% for the next.
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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