MicroVision (MVIS, $14.64) shares plunge, on wider-than-expected loss
MicroVision shares fell more than -20% in premarket trading on Friday, after the laser-scanning technology company posted a steeper-than-expected quarterly loss. The company incurred a loss of -4 cents a share in the first quarter, compared to a loss of -3 cents a share anticipated by analysts poled by FactSet.
Sales fell to $500,000 from $1.5 million a year ago. Analysts surveyed by FactSet expected the company to report sales of $600,000.
MicroVision stock has been popular in Reddit trader forum WallStreetBets . On Thursday, it was the seventh most traded U.S. stock among customers on Fidelity's brokerage platform.
MVIS in +7.38% Uptrend, growing for three consecutive days on May 24, 2022
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where MVIS advanced for three days, in 225 of 255 cases, the price rose further within the following month. The odds of a continued upward trend are 88%.
Current price $3.45 crossed the support line at $19.38 and is trading between $19.38 support and $-10.88 support lines. Throughout the month of 04/26/22 - 05/26/22, the price experienced a +15% Uptrend. During the week of 05/19/22 - 05/26/22, the stock enjoyed a +7% Uptrend growth.
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where MVIS's RSI Oscillator exited the oversold zone, 35 of 41 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 85%.
The Momentum Indicator moved above the 0 level on May 23, 2022. You may want to consider a long position or call options on MVIS as a result. In 64 of 78 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 82%.
The Moving Average Convergence Divergence (MACD) for MVIS just turned positive on May 17, 2022. Looking at past instances where MVIS's MACD turned positive, the stock continued to rise in 39 of 46 cases over the following month. The odds of a continued upward trend are 85%.
The Stochastic Indicator demonstrated that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
MVIS moved below its 50-day Moving Average on May 05, 2022 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where MVIS declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 86%.
MVIS broke above its upper Bollinger Band on May 03, 2022. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for MVIS entered a downward trend on May 16, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 73%. During the last month, the daily ratio of advancing to declining volumes was 2.28 to 1.
The Tickeron Price Growth Rating for this company is 62 (best 1 - 100 worst), indicating fairly steady price growth. MVIS’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of 88 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (5.510) is normal, around the industry mean (5.347). P/E Ratio (0.000) is within average values for comparable stocks, (98.202). MVIS's Projected Growth (PEG Ratio) (0.000) is very low in comparison to the industry average of (1.758). Dividend Yield (0.000) settles around the average of (0.030) among similar stocks. P/S Ratio (238.095) is also within normal values, averaging (99.302).
The Tickeron Profit vs. Risk Rating rating for this company is 91 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. MVIS’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 77, placing this stock worse than average.
The Tickeron SMR rating for this company is 99 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is 100 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
This industry manufactures electronic products used in various critical and sophisticated technologies, including laser-based systems, circuit and continuity testers, electro-optical measuring instruments and high-speed precision weighing and inspection equipment. Some major companies operating in this business are Canon Inc., Keysight Technologies Inc., and Fortive Corp.
The average market capitalization across the Electronic Equipment/Instruments Industry is 4.4B. The market cap for tickers in the group ranges from 470.7K to 93.6B. KYCCF holds the highest valuation in this group at 93.6B. The lowest valued company is SIGL at 470.7K.
The average weekly price growth across all stocks in the Electronic Equipment/Instruments Industry was 0.62%. For the same Industry, the average monthly price growth was -10.38%, and the average quarterly price growth was -18.34%. BKSY experienced the highest price growth at 75.19%, while QNGY experienced the biggest fall at -30.97%.
- 5/18/22 5:18 AM: MicroVision (MVIS, $3.28) was a top weekly gainer, with a +8.97% jump
- 5/12/22 5:38 AM: MicroVision (MVIS, $2.67) is a top weekly loser for penny stocks, falling -32.75%
- 5/7/22 5:28 AM: MicroVision (MVIS, $3.57) was a top weekly gainer, with a +10.53% jump
The average weekly volume growth across all stocks in the Electronic Equipment/Instruments Industry was 668.17%. For the same stocks of the Industry, the average monthly volume growth was 742.19% and the average quarterly volume growth was 864.96%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Positive Outlook today, backed by the Volume Indicator. Tickeron has a positive outlook on this group and predicts a further increase by more than 4.00% within the next month with a likelihood of 52%. During the last month, the daily ratio of advancing to declining volumes was 1.31 to 1.
11 stocks in the group of tickers exhibit a similar positive trend based on the 15 indicator with an average likelihood of 80%.
The most notable companies in this group are Lam Research Corp (NASDAQ:LRCX), KLA Corp (NASDAQ:KLAC), Teradyne (NASDAQ:TER).
The average market capitalization across the group is 6.3B. The market cap for tickers in the group ranges from 100K to 70.6B. LRCX holds the highest valuation in this group at 70.6B. The lowest valued company is ECDD at 100K.
The average weekly price growth across all stocks in the group was 4.06%. For the same group, the average monthly price growth was 5.18%, and the average quarterly price growth was -19.23%. GOGR experienced the highest price growth at 66.46%, while MICT experienced the biggest fall at -13.45%.
- 5/25/22 7:32 AM: KLA (KLAC, $330.09) was a top loser this week, declining -6.09%. Expect a Downtrend reversal
- 5/25/22 7:32 AM: Teradyne (TER, $99.19) was a top loser this week, declining -8.49%. Expect a Downtrend reversal
- 5/25/22 7:32 AM: Photronics (PLAB, $15.04) was a top loser this week, declining -6.58%. Expect a Downtrend reversal
The average weekly volume growth across all stocks in the group was 196.66%. For the same stocks of the group, the average monthly volume growth was 189.55% and the average quarterly volume growth was 211.14%
- 5/12/22 5:32 AM: The volume for MICT stock increased for one day, resulting in a record-breaking daily growth of 360% of the 65-Day Volume Moving Average
- 4/29/22 5:43 AM: The volume for Integrated Media Technology stock increased for one day, resulting in a record-breaking daily growth of 390% of the 65-Day Volume Moving Average
- 4/21/22 5:10 AM: The volume for Integrated Media Technology stock increased for a consecutive 5 days, with an average daily gain of 171%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows