Why MicroVision Stock Is Skyrocketing Again This Week
Shares of MicroVision (NASDAQ: MVIS) are soaring again this week. Heading into today's trading session, the machine-vision specialist's share price had risen 46.6% from last Friday's market close, according to data from S&P Global Market Intelligence.
While there isn't any business-specific news driving the rally, MicroVision is benefiting from a short squeeze. Following this week's rally, the stock is now up 225.5% year to date.
MicroVision specializes in light-detection-and-ranging (lidar) technologies for automobiles and other machines. With the company currently generating very little revenue and recording substantial losses, some investors had bet on its stock losing value.
Source Fool.com
MicroVision Inc Stock
€1.03
-5.160%
With 0 Sell predictions and 1 Buy predictions the community sentiment towards the MicroVision Inc stock is not clear.
Based on the current price of 1.03 € the target price of 3 € shows a potential of 192.11% for MicroVision Inc which would more than double the current price.
