MVIS stock moved higher in pre-market trading in the wake of a DealReporter article that quotes the company as having strong interest for its products.

On August 4, 2020, MicroVision CEO Sumit Sharma said the company is seeing strong interest from bidders in the automotive and augmented reality space, according to Dealreporter. MicroVision announced in April that it had engaged Craig Hallum to sell all or part of the company. The company holds intellectual property and technology for laser sensing and scanning in four segments: automotive, augmented reality, consumer and interactive display, Dealreporter notes. Shares of MicroVision are up 29% to $2.58 following the report.

But not everybody is convinced.

Seeking Alpha contributor White Diamond Research published a blistering critical article on the MicroVision and put a 15c price target on MVIS stock. The company’s business has not fundamentally changed since it was trading at 20c through most of March and April, White Diamond said in a report. “Our research has concluded that the stock and its technology is worth very little, at best $0.10-$0.30 per share, if not completely worthless,” it added. Shares of MicroVision are up 6c to $2.08 in morning trading. Source: https://seekingalpha.com/article/4363765-microvision-risen-over-1000-on-delusional-retail-investor-dreams-0_15-price-target

On July 21, 2020, Wolfpack Research announced it is short the stock, saying it sees “near-term downside of at least 90% as insolvency looms and investors wait on a deal that isn’t coming.” Source: https://www.thefly.com/permalinks/entry.php/id3129089/-MicroVision-slides-as-short-seller-sees–downside-no-buyout-ahead

Hang on to your seats folks because MicroVision announced that it will report its second quarter 2020 results on Wednesday, August 5, 2020 after the close of the market.

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