Vuzix Corporation (NASDAQ:VUZI)’s traded shares stood at 1.01 million during the last session, with the company’s beta value hitting 1.97. At the close of trading, the stock’s price was $3.87, to imply a decrease of -3.25% or -$0.13 in intraday trading. The VUZI share’s 52-week high remains $10.49, putting it -171.06% down since that peak but still an impressive 15.5% since price per share fell to its 52-week low of $3.27. The company has a valuation of $254.03M, with average of 962.28K shares over the past 3 months.
Vuzix Corporation (NASDAQ:VUZI) trade information
After registering a -3.25% downside in the last session, Vuzix Corporation (VUZI) has traded red over the past five days. The stock hit a weekly high of 4.14 this Friday, 03/17/23, dropping -3.25% in its intraday price action. The 5-day price performance for the stock is 6.03%, and -25.29% over 30 days. With these gigs, the year-to-date price performance is 6.32%.
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Vuzix Corporation (VUZI) estimates and forecasts
Looking at statistics comparing Vuzix Corporation share performance against respective industry, we note that the company has outperformed competitors. Vuzix Corporation (VUZI) shares are -49.08% down over the last 6 months, with its year-to-date growth rate higher than industry average at 4.69% against 3.60%. The rating firms project that company’s revenue will shrink -3.60% compared to the previous financial year.
Revenue forecast for the current quarter as set by 3 analysts is $3.78 million. Meanwhile, for the quarter ending Mar 2023, a total of 3 analyst(s) estimate revenue growth to $3.85 million.Earnings reports from the last fiscal year show that sales brought in $3.31 million and $2.5 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 14.10% before jumping 53.80% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 8.80% for the past 5-year period. While 2023 is set for a 3.10% return in earnings, projections for the next 5 years are at 20.00% annually.
Vuzix Corporation has its next earnings report out between May 08 and May 12. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Vuzix Corporation has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Vuzix Corporation (NASDAQ:VUZI)’s Major holders
Vuzix Corporation insiders hold 7.30% of total outstanding shares, with institutional holders owning 43.80% of the shares at 47.25% float percentage. In total, 43.80% institutions holds shares in the company, led by ARK Investment Management, LLC. As of Dec 30, 2022, the company held over 6.47 million shares (or 10.15% of shares), all amounting to roughly $23.56 million.
The next major institution holding the largest number of shares is Blackrock Inc. with 3.95 million shares, or about 6.19% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $22.85 million.
We also have ARK ETF Tr-ARK Next Generation Internet ETF and ARK ETF Tr-ARK Autonomous Technology & Robotics ETF as the top two Mutual Funds with the largest holdings of the Vuzix Corporation (VUZI) shares. Going by data provided on Dec 30, 2022, ARK ETF Tr-ARK Next Generation Internet ETF holds roughly 3.68 million shares. This is just over 5.77% of the total shares, with a market valuation of $13.38 million. Data from the same date shows that the other fund manager holds a little less at 2.79 million, or 4.37% of the shares, all valued at about 10.14 million.