Stocks of Vuzix Corporation (NASDAQ:VUZI) traded higher last session on Wall Street, up 9.37% to $5.72.
According to the data, Vuzix Corporation (NASDAQ:VUZI) has 4 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $8.00 and a low of $7.00, we find $8.00. Given the previous closing price of $5.23, this indicates a potential upside of 52.96 percent. VUZI stock price is now 22.89% away from the 50-day moving average and 25.27% away from the 200-day moving average. The market capitalization of the company currently stands at $351.15M.
A total of 1 analysts have issued a hold rating and 3 have given it a buy rating. Brokers who have rated the stock have averaged $7.67 as their price target over the next twelve months.
With the price target of $15, Dawson James recently initiated with Buy rating for Vuzix Corporation (NASDAQ: VUZI).
In other news, Harned Timothy Heydenreich, Director bought 2,500 shares of the company’s stock on May 16. The stock was bought for $9,539 at an average price of $3.82. Upon completion of the transaction, the Director now directly owns 146,711 shares in the company, valued at $0.84 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 14, President and CEO Travers Paul J bought 2,557 shares of the business’s stock. A total of $9,895 was incurred on buying the stock at an average price of $3.87. This leaves the insider owning 2,830,170 shares of the company worth $16.19 million. A total of 5.40% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in VUZI stock. A new stake in Vuzix Corporation shares was purchased by GROUP ONE TRADING, L.P. during the first quarter worth $1,025,000. SIMPLEX TRADING, LLC invested $284,000 in shares of VUZI during the first quarter. In the first quarter, QUADRATURE CAPITAL LTD acquired a new stake in Vuzix Corporation valued at approximately $194,000. JANUS HENDERSON GROUP PLC acquired a new stake in VUZI for approximately $129,000. VIRTU FINANCIAL LLC purchased a new stake in VUZI valued at around $126,000 in the second quarter. In total, there are 196 active investors with 45.10% ownership of the company’s stock.
Wednesday’s opening bell rang with an opening price of $5.35 for Vuzix Corporation (NASDAQ: VUZI). During the past 12 months, Vuzix Corporation has had a low of $3.27 and a high of $10.49. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 6.20, and a quick ratio of 5.40. The fifty day moving average price for VUZI is $4.69 and a two-hundred day moving average price translates $4.56 for the stock.
The latest earnings results from Vuzix Corporation (NASDAQ: VUZI) was released for Mar, 2023. According to the Consumer Electronics Company, earnings per share came in at -$0.16, missing analysts’ expectations of -$0.15 by -0.01. This compares to -$0.16 EPS in the same period last year. The company reported revenue of $4.19 million for the quarter, compared to $2.5 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 67.44 percent. For the current quarter, analysts expect VUZI to generate $4.27M in revenue.
Vuzix Corporation(VUZI) Company Profile
Vuzix Corporation, together with its subsidiaries, designs, manufactures, markets, and sells augmented reality (AR) wearable display and computing devices for consumer and enterprise markets in North America, Europe, the Asia-Pacific, and internationally. It provides M400, and M4000 series of smart glasses for enterprise, industrial, commercial, and medical markets; Vuzix Blade smart glasses; waveguide optics and related coupling optics; Vuzix Shield smart glasses; Vuzix Ultralite smart glasses; and Mobilium logistics mobility software, which removes traditional middleware and supports various ERP systems, as well as custom and engineering solutions. The company sells its products through resellers, distributors, direct to commercial customers, and online stores, as well as various Vuzix operated web stores in the United States, Europe, and Japan. The company was formerly known as Icuiti Corporation and changed its name to Vuzix Corporation in September 2007. Vuzix Corporation was incorporated in 1997 and is headquartered in West Henrietta, New York.
