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Vuzix Corporation (NASDAQ:VUZI) Gained 37.99% In One Month

Vuzix Corporation (NASDAQ:VUZI) has a beta value of 1.92 and has seen 0.41 million shares traded in the recent trading session. The company, currently valued at $323.89M, closed the recent trade at $4.94 per share which meant it lost -$0.29 on the day or -5.54% during that session. The VUZI stock price is -112.35% off its 52-week high price of $10.49 and 33.81% above the 52-week low of $3.27. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.73 million shares traded. The 3-month trading volume is 900.86K shares.

The consensus among analysts is that Vuzix Corporation (VUZI) is an Overweight stock at the moment, with a recommendation rating of 2.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 4 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.15.

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Vuzix Corporation (NASDAQ:VUZI) trade information

Sporting -5.54% in the red today, the stock has traded in the red over the last five days, with the highest price hit on Tuesday, 01/24/23 when the VUZI stock price touched $4.94 or saw a rise of 12.57%. Year-to-date, Vuzix Corporation shares have moved 43.68%, while the 5-day performance has seen it change -2.24%. Over the past 30 days, the shares of Vuzix Corporation (NASDAQ:VUZI) have changed 37.99%. Short interest in the company has seen 14.76 million shares shorted with days to cover at 18.51.

Wall Street analysts have a consensus price target for the stock at $10.67, which means that the shares’ value could jump 53.7% from the levels at last check today. The projected low price target is $7.00 while the price target rests at a high of $15.00. In that case, then, we find that the latest price level in today’s session is -203.64% off the targeted high while a plunge would see the stock gain -41.7% from the levels at last check today.

Vuzix Corporation (VUZI) estimates and forecasts

Figures show that Vuzix Corporation shares have outperformed across the wider relevant industry. The company’s shares have lost -34.21% over the past 6 months, with this year growth rate of 6.06%, compared to 1.60% for the industry. Revenue growth from the last financial year stood is estimated to be -3.60%.

3 analysts offering their estimates for the company have set an average revenue estimate of $3.78 million for the current quarter. 3 have an estimated revenue figure of $3.85 million for the next quarter concluding in Mar 2023. Year-ago sales stood $3.31 million and $2.5 million respectively for this quarter and the next, and analysts expect sales will grow by 14.10% for the current quarter and 53.80% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 11.80% over the past 5 years. Earnings growth for 2023 is a modest -25.80% while over the next 5 years, the company’s earnings are expected to increase by 20.00%.

VUZI Dividends

Vuzix Corporation is expected to release its next earnings report between February 27 and March 03 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Vuzix Corporation (NASDAQ:VUZI)’s Major holders

Insiders own 7.30% of the company shares, while shares held by institutions stand at 44.89% with a share float percentage of 48.43%. Investors are also buoyed by the number of investors in a company, with Vuzix Corporation having a total of 193 institutions that hold shares in the company. The top two institutional holders are ARK Investment Management, LLC with over 6.57 million shares worth more than $32.39 million. As of Sep 29, 2022, ARK Investment Management, LLC held 10.31% of shares outstanding.

The other major institutional holder is Blackrock Inc., with the holding of over 3.95 million shares as of Sep 29, 2022. The firm’s total holdings are worth over $19.45 million and represent 6.19% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are ARK ETF Tr-ARK Next Generation Internet ETF and ARK ETF Tr-ARK Autonomous Technology & Robotics ETF. As of Dec 30, 2022, the former fund manager holds about 5.77% shares in the company for having 3.68 million shares of worth $18.12 million while later fund manager owns 2.79 million shares of worth $13.73 million as of Dec 30, 2022, which makes it owner of about 4.37% of company’s outstanding stock.

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