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Tag: MVIS STOCK PRICE

  • Why did MicroVision Inc. (MVIS) stock plunge in the after-hours on Monday?

    Why did MicroVision Inc. (MVIS) stock plunge in the after-hours on Monday?

    MicroVision Inc. (MVIS) stock started the Monday, June 21, 2021 trading by gaining 3.82% and close the Monday trading at $19.56 per share. but in the after-market session, MVIS stock plummeted 11.86% and closed at $17.24 per share. MVIS shares have risen 1212.75% over the last 12 months, and they have moved down 8.47% in the past week. Over the past three months, the stock has gained 8.85%, while over the past six months, it has plunged 291.98%.

    Let’s have a look at MVIS recent news and developments

    $140 Million Equity Facility

    On June 21, 2021, MicroVision, Inc entered into a $140 million At-the-Market equity offering agreement with Craig-Hallum Capital Group (Craig-Hallum).

    The net proceeds from the offer will be used for general corporate purposes, working capital and capital expenditures.

    New appointments

    On June 17, 2021, MicroVision, Inc appointed Drew Markham as General Counsel, reporting to Chief Executive Officer Sumit Sharma.

    Markham will bring more than 20 years of experience advising publicly traded technology companies in corporate governance.

    Participation at the upcoming IAA Mobility 2021show

    On June 15, 2021, MicroVision confirmed that it plans to exhibit its automotive lidar sensor at the IAA Mobility 2021 show at the Munich Trade Fair Center from September 7-12, 2021, which was canceled in 2020 due to the Covid-19 pandemic.

    Inauguration on Russell 2000 Index

    On June 10, 2021, MicroVision, Inc announced that it is set to join the Russell 2000 Index after the 2021 Russell indexes annual reconstitution, effective after the US market opens on June 28, according to a preliminary list of additions posted June 4.

    Recent financial results announcement

    On April 29, 2021, MicroVision, Inc released its first-quarter 2021 results.

    Q1 2021 financial highlights

    • MicroVision earned a revenue of $0.5 million for Q1 2021 compared to $1.5 million for the first quarter of 2020. 
    • It suffered a net loss of $6.2 million, or $0.04 per share, compared to a net loss of $4.9 million, or $0.04 per share in Q1 2021 compared to a net loss of $4.9 million, or $0.04 per share for the first quarter of 2020.
    • Total operating expenses were $6.7 million for Q1 2021 compared to $5.04 million in Q1 2020.
    • As of March 31, 2021, the company had $75.3 million in cash and cash equivalents, compared to $16.9 million at the end of the fourth quarter of 2020.

    Conclusion

    Well, we have only one recent news which is not a negative one so MVIS loss in the after-hours on Friday does not make any sense. It may bounce back on Tuesday.

  • MicroVision Inc. (MVIS) stock surged in the after-hours session; here’s why

    In the after-hours trading session, MicroVision Inc. (MVIS) stock has surged by 9.19% to the price of $28.87 at the time of writing. MVIS previously gained 47.13% on the closing session at $26.44. The MVIS stock volume traded at 208.43 million shares. The average 3 months trade volume is 16.42 million shares. In the past 5 trading sessions, the stock had jumped by 151.81%. In the past 5 trading sessions, the stock had jumped by 151.81%. In the last three and six months, the MVIS stock has gained 264.69% and 1010.92% respectively. MicroVision Inc. is currently valued in the market at $3.05 billion and has 148.24 million outstanding shares.

    Tell me about MicroVision Inc.

    MicroVision Inc. is an electronics company that specifically focuses on the development of scanning technology. The scanning technology operations involve creating a projection of a high-resolution miniature as well as 3D sensing and image capture solutions. MicroVision utilizes these scanning technology solutions to create augmented/mixed reality for consumer electronics. The primary clients of MicroVision to whom it sells its PicoP and LiDAR technology-based systems, are original equipment and design manufacturers.

    The PicoP has been branded the name for MicroVision’s scanning technology and consists of diodes, opto-mechanics, electronics, and micro-electrical mechanical systems while the 3D LiDAR (3D Light Detection and Ranging) sensing system is used for active collision avoidance system.

    What is making the MVIS stock surge?

    On 22nd April 2021 at 5:00 pm, MicroVision Inc. made an announcement stating that it will release the report of its 1st quarter results for the year 2021, two days from now on 29th April 2021 at the market close.  However what is interesting about the news related to MVIS stock is that it was released at 5 pm, however, the MVIS stock rallied more than 15% to $14.10 at around 9 am EDT and dropped down afterwards to $12.89 at around 11:30 am EDT. This happened before the news release and currently, the stock is riding a bull wave.

    This sudden surge was associated to the mentioning of the MVIS stock in the Reddit-based forum infamously known as WallStreetBets, the forum of Redditor retail investors that surged up the GameStop stock and other undervalued stocks which were short-squeezed. The Redditors are investing into the stock and letting it climb a bull ladder in order to force the short-squeezers to buy back the stock. This buying back of the stock is causing the price of MVIS shares to shoot through the roof.

    What to make of the Redditor-fueled surge in stock price?

    However, if you are a seasoned investor who has been keeping an eye on the Redditor-based stock price surges like GameStop, it’s that they boost the stock exceedingly and do not match the financial metrics or near-term growth prospects. Which is why the surges are short-lived and ultimately return to pre-surge price or the stock is poised to become bearish. Day traders still ride the wave because they have impeccable timing for buying and selling the stock.

  • MicroVision (MVIS) Stock Price Surged 24.7% In March. Here Is What Happened

    MicroVision (MVIS) Stock Price Surged 24.7% In March. Here Is What Happened

    MicroVision (MVIS) stock climbed 24.7% in March as MVIS avoided the fluctuating and unforeseeable nature of stocks in the laser scanning technology area, used for a variety of purposes. This produced huge capital gains due to an emphasis on corporate management and a huge future potential in the scanning methodology the company pioneered.

    MVISreleased its 4th quarter result, stating that a staggering $395,000 in the capital was produced due to licensing revenue however a net loss of $3.6 million took place in the same time frame, which the company intends to improve through strategic alliances.

    Furthermore, rumors that MVIS long-range light-detection-and-ranging (lidar) technologies could be commercialized for general public use by as early as this year soared MVIS stock immensely.

    MicroVision stock price was also increased at the end of the month following news that a $22B Agreement took place among Microsoft and providing augmented reality Headsets for the US Military.

    So what

    MicroVisionaims to show a prototype of its long-range lidar technology, and MVIS expects to sell a few units by the end of this year. The company is predicted to provide parts to Microsoft for its HoloLens 2 components, and a strategic relationship between Microsoft and the US military showed a sudden surge in Investor interest with a potential of huge financial surplus.

    MVIS stock had a whopping 109% increase compared to the company’s share price in February, however, Microvision Stock price decreased 16.7% in the first trading day of April, being hit with a significant sell off.

    Conclusion

    MVIS offered a better-than-expected outlook for the current quarter and anticipates sales and profits to grow for the full year after gaining a gigantic financial surplus due to providing components to Microsoft for their headsets after Microsoft struck a deal with the US military worth $22B.