MVIS stock looks like a good buy now. At almost 46 percent below its 52-week high, the stock offers investors exposure to lidar technology at a bargain. Despite Tesla CEO Elon Musk’s denouncement of the technology, many automakers developing driverless vehicles want to use lidar sensors.
The global lidar market is expected to grow to $6.71 billion in 2026 from $1.32 billion in 2018, and analysts polled by TIKR expect MicroVision’s revenue to rise 31 and 1,673 percent, respectively, in 2021 and 2022.
In comparison, MicroVision competitors Velodyne Lidar (VLDR) and Luminar Technologies (LAZR) have market capitalizations of $2.6 billion and $6.4 billion, respectively. Luminar went public in Dec. 2020 through a reverse merger with Gores Metropoulos.
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