(VIANEWS) – Shares of MicroVision (NASDAQ: MVIS) jumped by a staggering 22.75% in 5 sessions from $2.11 at 22.75, to $2.59 at 16:00 EST on Thursday, after two consecutive sessions in a row of gains. NASDAQ is rising 0.65% to $12,004.02, following the last session’s upward trend.
About MicroVision
MicroVision, Inc. develops lidar sensors used in automotive safety and autonomous driving applications. Its laser beam scanning technology is based on micro-electrical mechanical systems, laser diodes, opto-mechanics, electronics, algorithms, and software. The company also develops micro-display concepts and designs for head-mounted augmented reality (AR) headsets, as well as 1440i MEMS module that can support AR headsets; Interactive Display modules used in smart speakers and other devices; and Consumer Lidar used in smart home systems. In addition, it provides PicoP, a scanning technology that creates full color, high-contrast, and uniform image over the entire field-of-view from a small and thin module. Further, the company develops 1st generation long range lidar. The company sells its products primarily to original equipment manufacturers and original design manufacturers. MicroVision, Inc. was founded in 1993 and is headquartered in Redmond, Washington.
Earnings Per Share
As for profitability, MicroVision has a trailing twelve months EPS of $-0.102.
Stock Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, MicroVision’s stock is considered to be oversold (<=20).
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