Is Vuzix Corporation (NASDAQ:VUZI) Stock an Instant Disaster or an Incredible Opportunity? – Marketing Sentinel
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Is Vuzix Corporation (NASDAQ:VUZI) Stock an Instant Disaster or an Incredible Opportunity?

In the last trading session, 2,172,750 Vuzix Corporation (NASDAQ:VUZI) shares changed hands as the company’s beta touched 2.47. With the company’s per share price at $16.12 changed hands at $0.37 or 0.02% during last session, the market valuation stood at $1.02 Billion. VUZI’s last price was a discount, traded about -101.18% off its 52-week high of $32.43. The share price had its 52-week low at $2.26, which suggests the last value was 85.98% up since then. When we look at Vuzix Corporation’s average trading volume, we note the 10-day average is 4.48 Million shares, with the 3-month average coming to 6.17 Million.

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Analysts gave the Vuzix Corporation (VUZI) stock a consensus recommendation rating of Overweight, calculated at a mean rating of 2. If we narrow down to specifics, the data shows that none out of 4 analysts rate the stock as a Sell, with a further none assigning it an Overweight rating. Of the remaining, 1 recommended VUZI as a Hold, 3 felt it is a Buy and none rated the stock as Underweight. Vuzix Corporation’s EPS for the current quarter is expected to be -$0.1.


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Vuzix Corporation (NASDAQ:VUZI) trade information

Instantly VUZI was in green as seen at the end of in last trading. With action 2.35%, the performance over the past five days has been red. The jump to weekly highs of $17.57 on Tuesday, Jun 15 added 8.25% to the stock’s daily price. The company’s shares are showing year-to-date upside of 0.78%, with the 5-day performance at -0.07% in the red. However, in the 30-day time frame, Vuzix Corporation (NASDAQ:VUZI) is 0.01% up. Looking at the short shares, we see there were 10.03 Million shares sold at short interest cover period of 1.63 days.

The consensus price target for the stock as assigned by Wall Street analysts is $31.67, meaning bulls need an upside of 96.46% from its current market value. According to analyst projections, VUZI’s forecast low is $30 with $35 as the target high. To hit the forecast high, the stock’s price needs a +117.12% upsurge from its current level, while the stock would need to tank 86.1% for it to hit the projected low.

Vuzix Corporation (VUZI) estimates and forecasts

Data shows that the Vuzix Corporation share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot +142.04% over the past 6 months. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2021 revenue estimates. The rating firms predict current quarter revenue for Vuzix Corporation will rise +23.1%, while the growth in revenue is estimated to hit 30.8% for the next quarter. Year-over-year growth is forecast to reach 90.3% up from the last financial year.

Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of $4.33 Million. 3 analysts are of the opinion that Vuzix Corporation’s revenue for the quarter ending September 01, 2021 will be $5.91 Million. The company’s revenue for the corresponding quarters a year ago was $2.41 Million and $2.78 Million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 79.7%. The estimates for the next quarter sales put growth at 112.7%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 11.5%. The 2021 estimates are for Vuzix Corporation earnings to increase by 43.9%, but the outlook for the next 5-year period is at 20% per year.

Vuzix Corporation (NASDAQ:VUZI)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 6.93% of Vuzix Corporation shares while 34.96% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 37.57%. There are 140 institutions holding the Vuzix Corporation stock share, with State Street Corporation the top institutional holder. As of Mar 30, 2021, the company held 7.42% of the shares, roughly 4.68 Million VUZI shares worth $119.05 Million.

Mitsubishi UFJ Kokusai Asset Management Co., Ltd holds the second largest percentage of outstanding shares, with 4.41% or 2.78 Million shares worth $70.81 Million as of Mar 30, 2021.

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Among Mutual Funds, the top two as of May 30, 2021 were SPDR (R) Ser Tr-SPDR� Kensho New Economies Composite ETF and ARK ETF Tr-ARK Autonomous Technology & Robotics ETF. With 4934053 shares estimated at $86.15 Million under it, the former controlled 7.82% of total outstanding shares. On the other hand, ARK ETF Tr-ARK Autonomous Technology & Robotics ETF held about 3.45% of the shares, roughly 2.17 Million shares worth around $37.96 Million.

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