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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.

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:

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 >

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.

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?

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.

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.

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.

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)…

$GME $AMC $NOK $BB $TLRY $BBBY $MVIS $NAKD $KOSS $SNDL $WKHS pic.twitter.com/z5r2WkhEZa

Investment Banking Company Jeffries suspends short sells on $GME, $AMC, & $MVIS. Much like cutting someone off at the bar, Jefferies has cut off short sellers.

They have not stated why but it’s likely due to the high risk of shorting these stocks & potential infinite losses. pic.twitter.com/BWO6LIBhzm

#AMC $AMC
Short Interest: 11.60%
Utilization: 86.82%
Shares On Loan: 92.15 million#GME $GME
Short Interest: 18.32%
Utilization: 52.46%
Shares On Loan: 13.15 million

Ticker Short Interest
40.41% – $CLOV er Health
21.67% – Microvision $MVIS
19.84% – $GME
18.23% – $AMC

MicroVision To Be Added To Russell 2000 Index June 28 $MVIS

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

The post WallStreetBets shifts focus to MicroVision: here’s where to buy the stock appeared first on Invezz.

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