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why is microvision stock going up

by Brant Hammes DVM Published 3 years ago Updated 2 years ago
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Why MicroVision Stock Rocketed More Than 30% Today
MicroVision is a small-cap stock that makes almost no revenue and generates losses, but due to its relatively high short interest, it has become a meme stock pushed on the Reddit message board wallstreetbets.

What happened to Microvision stock in 2021?

Shares of MicroVision (NASDAQ:MVIS), a technology company developing lidar sensors primarily for the automotive industry supporting autonomous driving …

Where can I buy Microvision shares?

Apr 01, 2022 · MicroVision's stock was trading at $0.2348 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, MVIS stock has increased by 1,607.8% and is now trading at $4.01.

Does Microvision stock have a dividend growth track record?

Apr 26, 2021 · MicroVision is also rumored to be a possible takeover target for larger technology companies. The bears, however, claim that MicroVision's stock has risen to levels that are unsupported by its...

Should you hold Microvision (MVIS) stock?

Mar 29, 2022 · MotleyFool. Mar. 29, 2022, 02:00 PM. Shares of lidar technology company MicroVision (NASDAQ: MVIS) were skyrocketing on Tuesday, up more than 30% as of 12:35 p.m. ET.MicroVision is a small-cap ...

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Will MicroVision stock keep going up?

Given the current short-term trend, the stock is expected to rise 24.41% during the next 3 months and, with a 90% probability hold a price between $4.43 and $6.99 at the end of this 3-month period.

Is MicroVision a good stock to invest?

Valuation metrics show that Microvision, Inc. may be overvalued. Its Value Score of F indicates it would be a bad pick for value investors. The financial health and growth prospects of MVIS, demonstrate its potential to underperform the market.

What is the future for MicroVision stock?

Stock Price Forecast The 1 analysts offering 12-month price forecasts for MicroVision Inc have a median target of 5.00, with a high estimate of 5.00 and a low estimate of 5.00. The median estimate represents a +30.55% increase from the last price of 3.83.

Is MicroVision overvalued?

MicroVision is way overvalued at $15 MicroVision is expected to have revenue of only $4.2M this year and no profits, so the Lidar technology company has a market-capitalization-to-sales ratio of 571… this is sales, not earnings!Jul 23, 2021

Who are MicroVision competitors?

MicroVision's top competitors include Maradin, Syndiant, Intel, Texas Instruments and Velodyne.

Will Zom stock go up?

There is potential for a short term uptick in the Zom stock price, especially as the active weekly candle is mildly bullish.Feb 4, 2022

How old is MicroVision company?

MicroVision, Inc. was founded in 1993 and is headquartered in Redmond, Washington.

Is MicroVision a sell?

MicroVision (NASDAQ:MVIS) is still up for sale, at least according to the company's latest 10-Q report. The reason is pretty simple. It still only has one customer for its Lidar products.Sep 27, 2021

Is MicroVision a buy right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MicroVision in the last year. There are currently 2 hold...

How has MicroVision's stock price been impacted by Coronavirus?

MicroVision's stock was trading at $0.2348 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization...

When is MicroVision's next earnings date?

MicroVision is scheduled to release its next quarterly earnings announcement on Thursday, May 5th 2022. View our earnings forecast for MicroVision .

How were MicroVision's earnings last quarter?

MicroVision, Inc. (NASDAQ:MVIS) announced its quarterly earnings results on Thursday, February, 24th. The electronics maker reported ($0.08) earnin...

What price target have analysts set for MVIS?

2 brokerages have issued twelve-month price objectives for MicroVision's stock. Their forecasts range from $5.00 to $5.00. On average, they expect...

Who are MicroVision's key executives?

MicroVision's management team includes the following people: Mr. Sumit Sharma , CEO & Director (Age 48, Pay $241.56k) Mr. Stephen P. Holt , Adv...

What is Perry Mulligan's approval rating as MicroVision's CEO?

4 employees have rated MicroVision CEO Perry Mulligan on Glassdoor.com . Perry Mulligan has an approval rating of 74% among MicroVision's employees.

Who are some of MicroVision's key competitors?

Some companies that are related to MicroVision include Impinj (PI) , Varex Imaging (VREX) , Ault Global (DPW) , Neonode (NEON) , The LGL Group...

What other stocks do shareholders of MicroVision own?

Based on aggregate information from My MarketBeat watchlists, some companies that other MicroVision investors own include OrganiGram (OGI) , Mati...

About MicroVision

MicroVision (NASDAQ:MVIS) Frequently Asked Questions

MicroVision, Inc. engages in the development of laser beam scanning technology. It offers its product under the PicoP brand.

Investors may be selling their shares before the company releases its first-quarter earnings report

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MicroVision in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" MicroVision stock.

What happened

Chris has covered Tech and Telecom companies for The Motley Fool since 2012. Follow him on Twitter for the latest tech stock coverage. Follow @tmfnewsie

So what

Shares of MicroVision ( NASDAQ:MVIS) were cratering today ahead of the company's first-quarter results, which will be released at the end of the trading day.

Now what

MicroVision has emerged as a so-called meme stock as investors on Reddit's WallStreetBets message board have recently focused their attention on the small tech company.

The meme stock trio have a habit of bursting higher or tumbling lower as a group

Investors can likely expect more volatility from MicroVision's stock tomorrow, once the company reports its first-quarter results later today. The company's share price has jumped 247% since the beginning of this year and is up more than 7,000% over the past 12 months.

What happened

Rich has been a Fool since 1998 and writing for the site since 2004. After 20 years of patrolling the mean streets of suburbia, he hung up his badge and gun to take up a pen full time.

So what

Meme stocks were on the move again with AMC Entertainment ( NYSE:AMC), GameStop ( NYSE:GME), and MicroVision ( NASDAQ:MVIS) all moving higher heading into noontime trading, and mostly for no good reason.

Now what

All three have benefited at one time or another from internet chatter about causing a short squeeze to make their stocks take off and inflict pain on short-sellers who would be forced to cover. Little discussion of the value of their businesses is ever conducted. All of them remain highly shorted names.

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