MicroVision’s (MVIS) business hasn’t fundamentally changed since it was trading at $0.20 through most of March and April.
MVIS’ own financial advisor, a Craig-Hallum analyst, to this day hasn’t changed his 25-cent price target on the stock.
Microsoft buyout rumors caused the initial rally, but MVIS’ financial advisor that is helping to look for an acquirer, said the Microsoft rumors don’t make sense.
MVIS’ own investor relations rep told us the stock rally is from retail investors, not tech investors or “smart money”.
MVIS will report earnings on 8/5/20, and we believe there won’t be any new bullish updates.
Read the full article on Seeking Alpha here.