SHLL Stock – Microvision (MVIS) Stock Continues to Find Support Near $12 – Fintech Zoom
As far as tech stocks are concerned, the Microvision, Inc. (NASDAQ:MVIS) stock has flattered to deceive for quite some time. Despite high hopes from the company’s products, Microvision, Inc. has struggled to deliver impressive results and that has caused considerable volatility in its stock.
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The company is currently best known for its LIDAR technology that is meant for the autonomous vehicle industry. It also works with the electric vehicle industry and the downturn in those stocks since December has weighed heavily on the MicroVision stock as well.
However, it should not be forgotten that the company’s disappointing performance in the first quarter had also led to a selloff in the stock. MicroVision could generate only $500000 in revenues in the first quarter and that was considerably lower than the $1.5 million it generated in the year-ago period. Despite the current troubles, the stock is on the radars of many investors and could still be tracked.
Finance and Tech Contributor