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2021-04-23
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MVIS Stock: Why Redditors Are Helping MicroVision Drive Higher Today
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MVIS stock is up more than 20% on significantly higher trading volume today andcurrently has a short float of 31%.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7f0addf5bebb8a5e37171af9057230ec\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\"><span>Source: temp-64GTX/Shutterstock.com</span></p><p>MicroVision was the most mentioned stock ticker on r/WallStreetBets over the past 48 hours,according to Unbiastock. That means MVIS beat out Reddit darling<b>Gamestop</b>(NYSE:<b><u>GME</u></b>) as well as<b>Clover Health</b>(NASDAQ:<b><u>CLOV</u></b>), which has been targeted by retail investors looking forthe next big short squeezedue to its34% short float.</p><p>MicroVision also likely has competitor<b>Luminar Technologies</b>(NASDAQ:<b><u>LAZR</u></b>) to thank for some of the day’s gains, followingan announcement by LAZRthat executives from<b>Intel</b>(NASDAQ:<b><u>INTC</u></b>) and<b>Tesla</b>(NASDAQ:<b><u>TSLA</u></b>) would be joining the company. While those executives are coming on board to handle investor relations and legal counsel, nabbing executives from two household-name tech titans was sure to renew interest in LiDAR technologies.</p><p>In particular, the vote of confidence from an ex-Tesla employee looks good given CEO Elon Musk’s repeated denouncement of LiDAR. Musk has gone so far as to say hewouldn’t use LiDAR sensors in Tesla vehicles even if they were free.</p><p>However, investors shouldn’t get caught up in the excitement yet. Considerthis cautionary talefrom someone who bought MVIS near its February peak and is currently sitting on a 49% loss. And remember,LiDAR stocks had a tough go of things in March. Part of their relative strength now is really about their previous weakness.</p><p>Even if you disagree with Elon and believe LiDAR will be the future of autonomous vehicles, there’s no guarantee MicroVision will be the company, or even a company, that survives and takes significant market share. This company waslabeled a “corporate husk” by Hindenburg Researchjust a few months ago, yet the share price has only grown since then.</p><p>The Bottom Line On MVIS Stock</p><blockquote>“Today, even though MVIS is a 28-year old company boasting a portfolio of over 500 patents, it hasn’t converted any of this IP into licensing revenue. Nor has it been able to land a direct purchase from a technology or industrial company.”</blockquote><p>That’s<i>InvestorPlace</i>Market Analyst Joanna Makris, pointing out that MicroVision isa long-running company with a checkered pastand little in the way of deliverables.</p><p>The fact the company doesn’t have a product in-hand also bothered<i>InvestorPlace</i>analyst Mark R. Hake, CFA, who said it all in the headline: “MicroVision Stock Has Limited Upside Until it Has a Product in Hand.” Hake also emphasized a comment from the March 11 earnings call where CEO Sumit Sharma indicated the company was up for sale. A potential buyer would likely want to see MVIS stock deflate to a more reasonable valuation before buying.</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>MVIS Stock: Why Redditors Are Helping MicroVision Drive Higher Today</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMVIS Stock: Why Redditors Are Helping MicroVision Drive Higher Today\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-22 15:18 GMT+8 <a href=https://investorplace.com/2021/04/mvis-stock-why-redditors-are-helping-microvision-drive-higher-today/><strong>investorplace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>MicroVision(NASDAQ:MVIS) is climbing dramatically in trading Wednesday, boosted byRedditchatter around the company as well as renewed investor interest in LiDAR technology more broadly. MVIS stock is ...</p>\n\n<a href=\"https://investorplace.com/2021/04/mvis-stock-why-redditors-are-helping-microvision-drive-higher-today/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MVIS":"维视图像"},"source_url":"https://investorplace.com/2021/04/mvis-stock-why-redditors-are-helping-microvision-drive-higher-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114004601","content_text":"MicroVision(NASDAQ:MVIS) is climbing dramatically in trading Wednesday, boosted byRedditchatter around the company as well as renewed investor interest in LiDAR technology more broadly. MVIS stock is up more than 20% on significantly higher trading volume today andcurrently has a short float of 31%.Source: temp-64GTX/Shutterstock.comMicroVision was the most mentioned stock ticker on r/WallStreetBets over the past 48 hours,according to Unbiastock. That means MVIS beat out Reddit darlingGamestop(NYSE:GME) as well asClover Health(NASDAQ:CLOV), which has been targeted by retail investors looking forthe next big short squeezedue to its34% short float.MicroVision also likely has competitorLuminar Technologies(NASDAQ:LAZR) to thank for some of the day’s gains, followingan announcement by LAZRthat executives fromIntel(NASDAQ:INTC) andTesla(NASDAQ:TSLA) would be joining the company. While those executives are coming on board to handle investor relations and legal counsel, nabbing executives from two household-name tech titans was sure to renew interest in LiDAR technologies.In particular, the vote of confidence from an ex-Tesla employee looks good given CEO Elon Musk’s repeated denouncement of LiDAR. Musk has gone so far as to say hewouldn’t use LiDAR sensors in Tesla vehicles even if they were free.However, investors shouldn’t get caught up in the excitement yet. Considerthis cautionary talefrom someone who bought MVIS near its February peak and is currently sitting on a 49% loss. And remember,LiDAR stocks had a tough go of things in March. Part of their relative strength now is really about their previous weakness.Even if you disagree with Elon and believe LiDAR will be the future of autonomous vehicles, there’s no guarantee MicroVision will be the company, or even a company, that survives and takes significant market share. This company waslabeled a “corporate husk” by Hindenburg Researchjust a few months ago, yet the share price has only grown since then.The Bottom Line On MVIS Stock“Today, even though MVIS is a 28-year old company boasting a portfolio of over 500 patents, it hasn’t converted any of this IP into licensing revenue. Nor has it been able to land a direct purchase from a technology or industrial company.”That’sInvestorPlaceMarket Analyst Joanna Makris, pointing out that MicroVision isa long-running company with a checkered pastand little in the way of deliverables.The fact the company doesn’t have a product in-hand also botheredInvestorPlaceanalyst Mark R. Hake, CFA, who said it all in the headline: “MicroVision Stock Has Limited Upside Until it Has a Product in Hand.” Hake also emphasized a comment from the March 11 earnings call where CEO Sumit Sharma indicated the company was up for sale. 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