Dear MVIS Stock Fans, Mark Your Calendars for April 14

  • MicroVision (MVIS) stock is moving higher ahead of a key event.
  • April 14 will mark the company’s “Retail Investor Day” event.
  • At the event, retail investors will learn more about the strategic direction of the company.
LiDAR sensors show car sensing traffic around it. LAZR
Source: Shutterstock

Despite a relatively negative start to the trading day for most stocks, certain companies are seeing outsized interest in today’s session. One company garnering attention among many investors is MicroVision (NASDAQ:MVIS). At the time of this writing, MVIS stock is up more than 4%. Shares also surged more than 13% over yesterday’s close at today’s high.

This move appears to be tied to an announcement from the company yesterday that it will be hosting its “Retail Investor Day” on April 14. At the event, MicroVision will outline its strategic direction and priorities. Specific focus will be paid to “revenue growth drivers for near and long-term and its vision to accelerate the industry’s shift towards next-generation safety and autonomy.”

As a key provider of MEMS-based laser beam scanning technology and lidar sensors used in advanced driver assistance systems (ADAS), MicroVision’s upcoming products and prospective revenue drivers should be of key interest to retail investors  — and all investors for that matter. Let’s dive into what may be behind the impressive move in MVIS stock ahead of the event.

MVIS Stock Surges Ahead of Key Event

Investors generally prefer more information over less. This event, which will include a town hall and interactive lunch, should provide the investor community with an in-depth look into how the company expects to grow. For those bullish on MicroVision’s progress, these updates will be critical in assessing its years to come.

As a high-growth company expected to earn the vast majority of its revenues in further-out years, this outlook is vital. MicroVision, like its high-growth peers, has been hit hard over the past couple of years. Like other stocks that rallied after the pandemic, MVIS stock has given up most of its gains since.

That’s not to say another rally isn’t possible, if everything works out as planned. But right now, investors simply appear eager to learn what the plan is.

In any case, April 14 will be a key date for investors to mark down on the calendar. Between now and then, I expect significant volatility to materialize with MVIS stock.

On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that’s writers disclose this fact and warn readers of the risks.

Read More:Penny Stocks — How to Profit Without Getting Scammed

On the date of publication, Chris MacDonald did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines.

Chris MacDonald’s love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective.

Article printed from InvestorPlace Media,

©2023 InvestorPlace Media, LLC