How to Buy MicroVision Stock (MVIS)

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Contributor, Benzinga
August 12, 2024

SHORT ANSWER: You can buy MicroVision stock with Interactive Brokers or moomoo.

Interested in investing in MicroVision stock (MVIS)? With the recent surge in popularity and potential for growth, many investors are looking to get in on the action. MicroVision is a technology company that specializes in developing laser scanning technology for various applications. Their stock has gained significant attention in recent times, thanks to their innovative products and potential for success in emerging markets. As a result, many investors are considering adding MicroVision stock to their portfolios.

If you're interested in buying MicroVision stock, this article will guide you through the process, providing valuable insights and tips to help you navigate the world of stock trading and maximize your investment potential in MicroVision.

How to Buy MicroVision (MVIS) Stock

Here’s how to own a chunk of MVIS stock.

Step 1: Pick a Brokerage

The first step to owning shares of MicroVision stock is opening a trading account with a brokerage. Unfortunately, narrowing to the best brokers isn’t easy because they don’t all follow a one-size-fits-all concept. Thanks to growing competition, most traders can now access multiple commission-free online brokerages.

While most brokers let you easily buy stocks through a mobile app or your desktop computer, assessing your needs will help you narrow your options. Some key aspects to consider include:

  • Trading platform: Does the broker offer a desktop software, web-based platform or mobile app for trading? Are all 3 options available?
  • Fees: Does the broker charge an account maintenance fee? Will you pay a commission on every trade you execute?
  • Research and educational offerings: Does your broker provide market research data, investing advice and other educational resources to complement your trading?
  • Additional markets: Will the broker let you access additional markets, such as futures, crypto and forex? Can you trade stocks listed in international exchanges?
  • Customer support: How easy is it to get a hold of customer support when you need some assistance? Is there a 24/7 dedicated customer service line?
  • Paper trading: Do you need to perfect your skills before putting real money on the line? Choose a broker that offers a paper trading account.

Always keep an eye out for any promotional offers a brokerage is running. You may earn some bonus funds to trade or enjoy some free stock picks.

Step 2: Decide How Many Shares You Want

The number of shares you’ll own depends on the amount of money you want to invest and the current price of MVIS. Assuming the stock is currently trading at $5, you’ll get about 300 shares if you invest $1,500. Most online brokerages now allow for fractional share ownership, which lets you continue adding smaller positions on the go.

Step 3: Choose Your Order Type

After determining the number of shares you want to own, it’s time to furnish your broker with that instruction. However, you must have a basic understanding of the nuances of stock trading terminology. Here are must-know concepts when choosing an order type.

  • Bid: The bid is the maximum price you’re willing to pay for a stock.
  • Ask: The ask is the lowest price you’re willing to accept for a stock. The ask price is always higher than the bid price.
  • Bid-ask spread: The spread is the difference between the bid and ask price.
  • Market order: A market order lets you buy a stock at the next available price. Your order is guaranteed to execute when placed inside normal market hours.
  • Limit order: A limit order sets a specific price at which you’ll buy a stock. The order is filled once the stock price reaches your predetermined price. Since a stock may not reach the specified price, limit orders do not guarantee execution.
  • Stop order: A stop order instructs your broker to buy a stock at a certain price. When the stop price is attained, a stop order becomes a market order.

Step 4: Execute Your Trade

Now that you know what order type to execute, just hit the Buy button to purchase shares of MVIS. A market order will fill instantly and your shares will reflect in your trading account. Your execution may take longer if you use a limit order.

MicroVision Company Overview

MicroVision (MVIS) is a technology company that specializes in developing laser beam scanning solutions for use in various applications, including augmented reality, automotive lidar, and interactive displays. The company's stock, MVIS, is traded on the NASDAQ exchange.

In recent years, MicroVision has been gaining attention and generating significant investor interest due to its potential in the emerging markets of augmented reality and automotive lidar. The company's technology has the potential to revolutionize these industries by offering compact, high-resolution scanning solutions.

MicroVision has made significant progress in securing partnerships and collaborations with major players in the technology industry. These partnerships have the potential to drive future revenue growth and market adoption of MicroVision's products.

Investors should also note that MicroVision's stock has experienced significant volatility since 2020. The stock has been subject to speculative trading and has seen large price swings based on market sentiment and investor speculation. MicroVision's stock and recent earnings reports reflect the company's potential in the emerging markets it operates in.

MicroVision-as-of-Aug-2024

MicroVision Stock History

Founded in 1993, MicroVision is a pioneer company in micro-electrical mechanical systems (MEMS) technology that integrates hardware, optics, lasers, algorithms and machine learning software to address existing and emerging markets.

MVIS stock price has fluctuated in the past, has recently shown volatility and may be volatile in the future. During the 12 months of fiscal 2020, its common stock had traded at a low of $0.15 and a high of $24.18. From the beginning of 2021 through March 9, 2021, MVIS common stock traded at a low of $4.86 and a high of $24.18.

MicroVision’s current operating plan is still on track thanks to $61.4 million raised under at-the-market equity offering agreements with Craig-Hallum Capital Group since December 31, 2020. The company anticipates it will have sufficient cash and cash equivalents to fund its operations for the next 12 months.

Pros to Buying MicroVision Stock

  • Innovation: MicroVision is developing a lidar sensor to be used in automotive safety and autonomous driving applications. While automotive lidar is the priority, MicroVision has developed solutions for augmented reality, interactive displays and consumer lidars. The company is developing its 2nd generation lidar sensor to be incorporated into automotive active collision avoidance systems and autonomous driving vehicles.
  • Strategic alternatives: MicroVision continues to explore strategic alternatives, including a potential merger or sale of the company, strategic minority investment as well as licensing. It also intends to increase its value by completing the development of its 1st generation long-range lidar module.
  • Research and development: MicroVision’s research and development efforts have earned it a leadership position in the field of LBS technology and applications as applied to automotive, consumer electronics and other markets. Its research and development team comprises approximately 37 engineering and technical staff in optics, electrical engineering, software engineering, MEMS design and product engineering. Private companies like this can work on further technical milestones, enhancing proprietary technologies and seeking additional revenue streams.

Cons to Buying MicroVision Stock

  • Competitive markets: The automotive lidar and consumer display markets are incredibly competitive. MicroVision has to square it out with companies like Texas Instruments, Intel, Bosch, Opus, Pioneer and Luminar Technologies, among others.
  • Losses since inception: MicroVision has had substantial losses since its inception — the company can’t guarantee it will ever become or remain profitable. For instance, as of December 31, 2023, MicroVision had an accumulated deficit of $765,366 million.
  • Does not pay dividends: Retail investors eyeing a dividend may have to wait longer to earn one from MicroVision since the company has never declared or paid cash dividends on its common stock.

Is MicroVision the Next Big Investment Opportunity?

investing in MicroVision (MVIS) stock can be a potentially profitable decision. However, it is important to conduct thorough research and analysis before making any investment decisions. Consider factors such as the company's financial health, market trends, and industry competition. Additionally, consult with a financial advisor to ensure that your investment aligns with your financial goals and risk tolerance.

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Frequently Asked Questions

Q

Is MicroVision a good stock to buy?

A

MicroVision may be a good stock to buy for investors willing to take on higher risk in exchange for potential long-term growth and innovation in the technology industry.

 

Q

Who are MicroVision’s competitors?

A

MicroVision’s competitors include companies such as Intel, Texas Instruments, Bosch, Sony, Pioneer, Luminar Technologies and Innoviz, among others.

Q

Does MicroVision pay dividends?

A

MicroVision has never declared or paid cash dividends on its common stock.