MicroVision (NASDAQ:MVIS) may have come into the radars of many investors owing to its work in the lidar technology space and the possibility of working closely with the potentially lucrative autonomous car industry.
However, the stock has now turned into a ‘meme stock’ in recent times after having made enormous gains on the back of the concerted effort from retail investors from the Reddit community WallStreetBets.
Over the course of the past six months, the MicroVision stock has delivered gains of 583% but it is still difficult to vouch for the company’s growth prospects in the long term. While the company’s lidar business may have a certain degree of promise, it should be noted that if MicroVision fails to scale the business to a meaningful size then the stock might see difficult days. On the other hand, investors need to note that it is currently among the most heavily shorted stock with a short interest which now stands at 20%.
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Anthony Gonzales brings 3 years of experience in helping grassroots, mid-sized organizations and large institutions strengthen their management and resource generating capacities and effectively plan for the future. He is also a mentor and professional advisor to artists working in all disciplines. He is the gold medalist from St. Marco University of Science and Technology in the Bachelors of Financial Management as well.