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.
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