NEW YORK (TheStreet) -- Shares of MicroVision were gaining 9.4% to $3.86 Wednesday on heavy trading volume, continuing gains from Monday and Tuesday. About 3.2 million shares of MicroVision were traded by 11:17 a.m. Wednesday, well above the average trading volume of about 747,000 shares a day. On Monday MicroVision announced that it received $14.5 million in component orders from a Fortune Global 100 company. The order is in addition to a $1.5 million component from the same unspecified Fortune Global 100 company. MicroVision also recently granted the company a non-exclusive license to its PicoP display technology. Last week, MicroVision reported revenue of $3.5 million for full year 2014. The company said it expects to achieve "significant" year over year growth in 2015 through component sales and licensing. MicroVision's PicoP display technology is an ultra-miniature laser projection solution for pico projectors, auto heads-up displays, and mobile consumer electronics. TheStreet Ratings team rates MICROVISION INC as a Sell with a ratings score of D-. TheStreet Ratings Team has this to say about their recommendation: "We rate MICROVISION INC (MVIS) a SELL. This is driven by a few notable weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. Among the areas we feel are negative, one of the most important has been generally deteriorating net income." Highlights from the analysis by TheStreet Ratings Team goes as follows: The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Electronic Equipment, Instruments & Components industry. The net income has significantly decreased by 38.2% when compared to the same quarter one year ago, falling from -$2.42 million to -$3.35 million. The revenue fell significantly faster than the industry average of 3.5%. Since the same quarter one year prior, revenues fell by 43.5%. Weakness in the company's revenue seems to not be hurting the bottom line, shown by stable earnings per share. MICROVISION INC reported flat earnings per share in the most recent quarter. Stable earnings per share over the past year indicate the company has sound management over its earnings and share float. However, the consensus estimates suggest that there will be an upward trend in the coming year. During the past fiscal year, MICROVISION INC continued to lose money by earning -$0.47 versus -$0.48 in the prior year. This year, the market expects an improvement in earnings (-$0.25 versus -$0.47). Compared to other companies in the Electronic Equipment, Instruments & Components industry and the overall market, MICROVISION INC's return on equity significantly trails that of both the industry average and the S&P 500. Compared to its closing price of one year ago, MVIS's share price has jumped by 29.30%, exceeding the performance of the broader market during that same time frame. Regarding the future course of this stock, we feel that the risks involved in investing in MVIS do not compensate for any future upside potential, despite the fact that it has seen nice gains over the past 12 months. You can view the full analysis from the report here: MVIS Ratings Report
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