MicroVision (MVIS) Stock’s Revenue Loss Doesn’t Stop It from Rising

The MVIS stock price fluctuated between $13.39 and $15.14 throughout the trading session with the volume trading being 25M shares, which represented a positive variation when compared to the three months average volume of 11M shares.

The share price of MicroVision, Inc. (NasdaqGS:MVIS) ran up 12.6% to close Thursday’s market session at $13.76, higher as compared to yesterday’s close which brings the market valuation of the company to $2.17B.

The 52-week high for the MicroVision, Inc.’s shares is $28.00. That puts it -50.86% from that peak but still a great gain since the share price dropped to a 52-week low of $1.25, while the S&P 500’s share price change was of 33.2%.

What does the trading volume tell us about the MVIS stock?

During the last trading session, MicroVision, Inc. (NasdaqGS:MVIS) has seen growth in its daily volume. The daily volume was of 11M, while in the last 10 days the average was 3.94M and last three months – 10.75M.

The increasing interest in the MVIS stock from the investors is helping to drive the stock price up.

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Growing short interest

The MicroVision, Inc.’s shares are seeing an increasing short interest compared to the previous month. As of today, there are 31.42M shares being shorted which translates into 2.57 of a short ratio for MVIS, while in the previous month the shorted shares were 24.11M.

MicroVision, Inc.’s (NasdaqGS:MVIS) financials

With a market cap of 2.17B, MicroVision, Inc. holds a total cash of $75.34M that translates into $0.48 per share, while the total debt is of $2.96M.

The company has seen a decrease in the revenue with a year-over-year quarterly revenue growth percentage of -67.40%. The current revenue is of $2.1M that is $0.01 per share.

This is a not so good sign for the future.