MVIS Stock Summary and Trading Ideas (Microvision | NASDAQ:MVIS)

Microvision Inc is engaged in developing a lidar sensor to be used in automotive safety and autonomous driving applications. Its lidar sensor uses laser beam scanning (LBS) technology, which is based on systems that include micro-electrical mechanical systems (MEMS), laser diodes, opto-mechanics, electronics, algorithms, and software. The company has also developed solutions for Augmented Reality, Interactive Displays, and Consumer Lidars.

Microvision trades on the NASDAQ stock market under the symbol MVIS.

As of May 13, 2024, MVIS stock price climbed to $1.25 with 2,961,214 million shares trading.

MVIS has a beta of 1.99, meaning it tends to be more sensitive to market movements. MVIS has a correlation of 0.06 to the broad based SPY ETF.

MVIS has a market cap of $237.48 million. This is considered a Small Cap stock.

Last quarter Microvision reported $956,000 in Revenue and -$.13 earnings per share. This beat revenue expectation by $206,000 and missed earnings estimates by -$.02.

In the last 3 years, MVIS stock traded as high as $24.69 and as low as $1.15.

The top ETF exchange traded funds that MVIS belongs to (by Net Assets): VTI, VGT, IWM, VXF, DRIV.

MVIS has underperformed the market in the last year with a price return of -47.3% while the SPY ETF gained +27.8%. MVIS has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -52.1% and -16.7%, respectively, while the SPY returned +4.3% and +2.5%, respectively.

MVIS support price is $1.16 and resistance is $1.27 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MVIS stock will trade within this expected range on the day.