MVIS Stock Price: Microvision inc ready to extend rally amid rumors of a takeover, ahead of earnings


  • Microvision is trading around 13% in premarket trading after closing 18% on Tuesday. 
  • Rumors about a potential acquisition can explain some of the vertical upswings
  • Tension is mounting ahead of MVIS's earnings report due out on Thursday. 

Microvision inc's impressive rally may have more room to run. Premarket data suggests an increase of $0.20 or around 15% at the timing of writing, to a price of $1.50. To put current levels in proportion, MVIS hovered approximately $0.25 in late April, and it is already worth more than five times this value, leading to a sixfold increase. 

The 52-week high is $1.82 and the low has been only $0.15. 

NASDAQ: MVIS news

The developer of laser scanning technology for 3D sensing, projection, and other uses is set to report earnings on May 7. Some fear that the report could be another negative one. Microvision's per-share earnings stood at $0.03 in the fourth quarter of 2019, and it is unclear if the company could log a profit. 

The Redmond, Washington-based tech company's prices may have risen thanks to rumors about a purchase from a larger firm based in the same northwestern town – Microsoft. There is speculation about cooperation around the LIDAR technology. Moreover, another report suggests that the two companies are linked at the patent office, with Microsoft (MSFT) referencing to Pico-projections technology developed by Microvision.

The earnings report is an opportunity to announce an acquisition or any other type of cooperation. Denial may bring the stock down.

Microvision's market capitalization stands at $169.2 at the time of writing, relatively minuscule in comparison to Microsoft, which is valued at over one trillion dollars. 

 

Foreign exchange (forex) trading carries a high level of risk and may not be suitable for all investors. The risk grows as the leverage is higher.
investment objectives, risk appetite and the trader’ level of experience should be carefully weighed before entering the forex market. There is always a possibility of losing some or all of your initial investment / deposit, so you should not invest money which is which it can’t afford to lose. The high risk that is involved with currency trading must be known to you. Please ask for advice from an independent financial advisor before entering this market.

Any comments made on Forex Crunch or on other sites that have received permission to republish the content originating on Forex Crunch reflect the opinions of the individual authors and do not necessarily represent the opinions of any of Forex Crunch’s authorized authors. Forex Crunch has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: Omissions and errors may occur.
Any news, analysis, opinion, price quote or any other information contained on Forex Crunch and permitted re-published content should be taken as general market commentary. This is by no means investment advice. Forex Crunch will not accept liability for any damage, loss, including without limitation to, any profit loss, which may either arise directly or indirectly from use of such information.

Feed news

Latest Forex News


Latest Forex News

Editors’ Picks

EUR/USD rises above 1.18 as dollar drops with yields

EUR/USD is trading above 1.18, as the dollar declines alongside yields, following a large US debt issuance. Weekly jobless claims and the ongoing fiscal impasse in Washington are eyed.

EUR/USD News

GBP/USD advances towards 1.31 amid dollar weakness

GBP/USD is recovering as the dollar cedes ground. Investors are shrugging off concerns about the downfall in the British economy and concerns about the furlough scheme. 

GBP/USD News

Gold: $1907 is the last straw for the XAU/USD bulls

Gold consolidates the $90 bounce below $1950, having witnessed good two-way volatility on Wednesday. Falling US Treasury yields continue to pressure the US dollar across the board, supporting the yieldless gold.

Gold News

Forex Today: Dollar retreats after auction, gold rising amid fiscal impasse, focus on jobless claims

The US dollar is on the back foot after the large bond auction and as optimism prevails in markets despite the fiscal impasse in Washington. Sino-American tensions and a US-EU are eyed ahead of weekly jobless claims.

Read more

WTI: Bulls attack $43.00 inside short-term rising channel

WTI defies the previous day’s pullback from $43.12 with a bounce off $42.76. The energy benchmark flaunted the biggest gains in a month on Wednesday while keeping a one-week-old ascending trend channel formation.

Oil News

Forex MAJORS

Cryptocurrencies

Signatures