Skip to main content

Market Overview

Microvision Rallies On Patent News, Brushes Off Hindenburg Report

Microvision Rallies On Patent News, Brushes Off Hindenburg Report

One of the hot small cap stocks this week is Microvision Inc (NASDAQ: MVIS), with shares up 84% in the last five days. Shares are moving again Tuesday.

What Happened: A new patent was issued to Microvision that covers “scanning 3D imaging device with power control using multiple wavelengths.”

The patent covers light pulses of at least two different wavelengths reflected off a scanning mirror.

Microvision shares have been trading higher on the company being a play on Lidar technology and owning several patents in the industry.

Related Link: Return On Capital Employed Overview: Microvision

Hindenburg Short Report: Notable short seller Hindenburg Research issued a report on Microvision on Tuesday.

Hindenburg calls out Microvision as a “corporate husk with almost no revenue or intellectual property value.”

Microvision has over 250 patents, but only 10 mention Lidar and are geared towards consumer/non-automotive use, according to the report.

“The recent excitement all belies the fact that MVIS is essentially a science project that has gone nowhere over 25 years,” said Hindenburg.

The report assigns a $1.50 price target to Microvision stock. The report also hints Microvision could dilute investors with an equity offering with the increase in the share price.

MVIS Price Action: Shares of Microvision are up 31% Tuesday to $7.56 at publication time. Shares are up over 700% year to date.


Related Articles (MVIS)

View Comments and Join the Discussion!

Posted-In: Hindenburg Research lidarNews Short Sellers Small Cap Top Stories Movers Trading Ideas Best of Benzinga

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at