MicroVision (MVIS) Stock Recovers 30% This Week on Value Buying: Now What?

Self-driving automotive technology play MicroVision Inc (NASDAQ: MVIS) has made a strong comeback over the course of the past three trading sessions. The stock has gone up by 30% during those sessions.

MicroVision (MVIS) Stock Recovers 30% This Week on Value Buying: Now What?

The MicroVision stock is regarded as one of the best ways in which investors can get into the self-driving technology space. MicroVision is engaged in the development and design of lidar systems. These systems can help the computers in autonomous vehicles to help with navigation.

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More importantly, MicroVision is among the handful of companies involved with lidar systems that are listed publicly. Additionally, the company is also working on the possibility of launching several new lidar products in the future. Earlier this year, the stock had hit a high of $24.18 a share on February 16 on the back of considerable interest in such stocks. However, the steady decline over the past two months might give new investors an opportunity to look into the MVIS stock once again.

Anthony Gonzales

Biotech, Tech, and Crypto reporter 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.