U.S. Markets closed

MicroVision, Inc. (MVIS) Catches Eye: Stock Jumps 14.4%

Zacks Equity Research

MicroVision, Inc. MVIS was a big mover last session, as its shares rose above 14% on the day. The move came after the company announced that it has received a $6.7 million order for its small form factor display engine (model PSE-0403-103) from an Asian electronics device manufacturer. This led to far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $1.53 to $1.82 in the past one-month time frame.

None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

MicroVision currently carries a Zacks Rank #3 (Hold).

Microvision, Inc. Price

 

Microvision, Inc. Price | Microvision, Inc. Quote

A better-ranked stock in the Lasers Systems and Components space is Lumentum Holdings, Inc. LITE, carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is MVIS going up? Or down? Predict to see what others think: Up or Down

More Stock News: 8 Companies Verge on Apple-Like Run

Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.

A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Microvision, Inc. (MVIS): Free Stock Analysis Report
 
Lumentum Holdings Inc. (LITE): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research