During the last session, Vuzix Corporation (NASDAQ:VUZI)’s traded shares were 11,837,946, with the beta value of the company hitting 2.52. At the end of the trading day, the stock’s price was $28.94, reflecting an intraday gain of 2.92% or $0.82. The 52-week high for the VUZI share is $31.2, that puts it down -7.81% from that peak though still a striking +95.37% gain since the share price plummeted to a 52-week low of $1.34. The company’s market capitalization is $1.81 Billion, and the average intraday trading volume over the past 10 days was 8.55 Million shares, and the average trade volume was 7.38 Million shares over the past three months.
Vuzix Corporation (VUZI) received a consensus recommendation of Overweight from analysts. That translates to a mean rating of 2. VUZI has a Sell rating from none of the analyst(s) out of 4 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while none of them suggest Overweight, and 3 recommend a Buy rating for it. None of the analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.1.
Vuzix Corporation (NASDAQ:VUZI): Trading Information
Vuzix Corporation (VUZI) registered a 2.92% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 7.24% in intraday trading to $31.20 this Wednesday, Apr 07, hitting a weekly high. The stock’s 5-day price performance is 31.43%, and it has moved by 80.42% in 30 days. Based on these gigs, the overall price performance for the year is 218.72%. The short interest in Vuzix Corporation (NASDAQ:VUZI) is 6.7 Million shares and it means that shorts have 0.91 day(s) to cover.
The consensus price target of analysts on Wall Street is $27, which implies a decline of -6.7% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $13 and $35 respectively. As a result, VUZI is trading at a discount of 20.94% off the target high and -55.08% off the low.
Vuzix Corporation (VUZI) projections and forecasts
Statistics show that Vuzix Corporation has underperformed its competitors in share price, compared to the industry in which it operates. Vuzix Corporation (VUZI) shares have gone up +540.27% during the last six months, with a year-to-date growth rate less than the industry average at -32.08% against 15.5%. Yet analysts are ramping up their growth forecast for the fiscal year 2021. Revenue is predicted to grow 44.4% this quarter and then jump 30.8% in the quarter after that. In the rating firms’ projections, revenue will increase 87.8% compared to the previous financial year.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 11.5%. While earnings are projected to return 43.9% in 2021, the next five years will return 20% per annum.
Vuzix Corporation (NASDAQ:VUZI)’s Biggest Investors
Vuzix Corporation insiders own 6.53% of total outstanding shares while institutional holders control 25.21%, with the float percentage being 26.97%. State Street Corporation is the largest shareholder of the company, while 100 institutions own stock in it. As of Dec 30, 2020, the company held over 4.84 Million shares (or 8.35% of all shares), a total value of $43.91 Million in shares.
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The next largest institutional holding, with 2.05 Million shares, is of Vanguard Group, Inc. (The)’s that is approximately 3.54% of outstanding shares. At the market price on Dec 30, 2020, these shares were valued at $18.6 Million.
Also, the Mutual Funds coming in first place with the largest holdings of Vuzix Corporation (VUZI) shares are SPDR (R) Ser Tr-SPDRï¿½ Kensho New Economies Composite ETF and Vanguard Total Stock Market Index Fund. Data provided on Feb 27, 2021 indicates that SPDR (R) Ser Tr-SPDRï¿½ Kensho New Economies Composite ETF owns about 4,535,312 shares. This amounts to just over 7.83 percent of the company’s overall shares, with a $85.35 Million market value. The same data shows that the other fund manager holds slightly less at 1.34 Million, or about 2.32% of the stock, which is worth about $12.17 Million.