WallStreetBets shifts focus to MicroVision: here’s where to buy the stock

By: Charlie Hancox
Charlie Hancox
Alongside his passion for trading, Charlie has represented Great Britain and won national championships as a water polo player, and as… read more.
on Jun 11, 2021
  • MicroVision stock has risen sharply in recent days
  • We explain why this is happening
  • Find out the best places to buy MVIS shares online

Yes another stock on WallStreetBets’ hit-list is MicroVision, Inc. (NASDAQ: MVIS). The television company has seen its mentions surge in the Reddit community over the last few days.

We delve into why exactly this is happening, what MicroVision does, and what the future could hold for the company’s stock. In addition, we list the best places to buy MVIS shares to help you find a platform that suits your financial needs and investment goals.

How and where to buy MicroVision stock online

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To invest in MicroVision, simply choose a low-fee online stockbroker, sign up, deposit funds, and search for MVIS stock. Then you can enter the number of shares you want to buy and execute your transaction.

However, some brokers are better than others, and to save you some time, we have listed the two best platforms to buy MVIS stock below:

1) eToro

Etoro is one of the best places to buy MicroVision stock. With a clear, easy-to-use interface, lots of innovative features, and a good support team, it is a great place to get involved in stock investing.

Register here >

2) Plus500

For those investors who want to gain exposure to the MicroVision share price without having to own shares outright, Plus500 is the platform for you. Using CFDs can be cheaper and more flexible than trading MicroVision stock.

Register here >

If eToro and Plus500 aren’t quite what you are looking for, we have plenty more options for you to consider. Simply check out our page that compares the best stockbrokers and trading platforms right now.

What is MicroVision?

Founded in 1993 in Redmond, Washington, United States, it is an American tech company that primarily develops laser scanning technology for projection, 3D sensing, and image capture. The stock is now set to be added to the Russell 2000 index.

With a market cap now over $3.5 billion, this once struggling technology player is now on the comeback trail, but why?

Why is MicroVision stock going up in price?

Thanks to WallStreetBets. The forum has designated MicroVision the title of a ‘meme stock,’ as it has done for numerous other companies. This means that regardless of what the fundamental value of the company is, Reddit investors intend to drive it up in price because of the opportunity for a short squeeze.

So, should I buy MicroVision stock right now?

Well, that depends entirely on your investment goals. If you want to get involved in a high-risk, high-reward play that is likely to bring with it significant volatility, MVIS could be the stock for you.

by contrast, if you are looking for something more sustainable, predictable, and with greater fundamental value, we could steer clear of MVIS for now.

Will MVIS stock make me rich?

This is incredibly unlikely, though this is the case for all single investments. You will seldom find a millionaire who made one lucky bet. However, the stock does have the potential to return significant value, at least in the short term.

MicroVision price target

Our 12-month MVIS price prediction is drastically lower than its current price of $22. This means we feel the stock’s value is unsustainable, though many analysts said the same before about GameStop (NYSE: GME) and AMC Entertainment (NYSE: AMC)…

Social media reacts to MVIS share price rise

For all the latest on MicroVision and other hot stocks, check out the Invezz stock news on our website.

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