Is Vuzix Corporation’s -48.80% Fall This Year Is A Better Investing Opportunity?

In last trading session, Vuzix Corporation (NASDAQ:VUZI) saw 0.56 million shares changing hands with its beta currently measuring 1.86. Company’s recent per share price level of $2.35 trading at $0.01 or 0.21% at ring of the bell on the day assigns it a market valuation of $148.51M. That closing price of VUZI’s stock is at a discount of -157.87% from its 52-week high price of $6.06 and is indicating a premium of 20.43% from its 52-week low price of $1.87. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.26 million shares which gives us an average trading volume of 511.29K if we extend that period to 3-months.

For Vuzix Corporation (VUZI), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.00. Splitting up the data highlights that, out of 4 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.15 in the current quarter.

Elon Musk just Triggered a BOOM in These Stocks

Something strange is happening in the stock market…. This select group of stocks are going absolutely bananas. And it's all because of Elon Musk. Get your copy of "Top 5 Tech Stocks to Buy in 2024"

Click Here to Download the FREE Report.


Vuzix Corporation (NASDAQ:VUZI) trade information

Upright in the green during last session for gaining 0.21%, in the last five days VUZI remained trading in the red while hitting it’s week-highest on Wednesday, 11/15/23 when the stock touched $2.35 price level, adding 13.28% to its value on the day. Vuzix Corporation’s shares saw a change of -35.58% in year-to-date performance and have moved -9.11% in past 5-day. Vuzix Corporation (NASDAQ:VUZI) showed a performance of -26.72% in past 30-days. Number of shares sold short was 11.24 million shares which calculate 33.15 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $5.50 to the stock, which implies a rise of 57.27% to its current value. Analysts have been projecting $5.00 as a low price target for the stock while placing it at a high target of $6.00. It follows that stock’s current price would drop -155.32% in reaching the projected high whereas dropping to the targeted low would mean a loss of -112.77% for stock’s current value.

Vuzix Corporation (VUZI) estimates and forecasts

Statistics highlight that Vuzix Corporation is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -42.52% of value to its shares in past 6 months, showing an annual growth rate of 9.38% while that of industry is 14.00. Apart from that, the company came raising its revenue forecast for fiscal year 2023. The company is estimating its revenue growth to increase by 11.80% in the current quarter and calculating 6.30% increase in the next quarter. This year revenue growth is estimated to rise 33.50% from the last financial year’s standing.

4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $4.07 million for the same. And 3 analysts are in estimates of company making revenue of $3.73 million in the next quarter that will end on Mar 2024. Company posted $2.9 million and $4.19 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 40.40% while estimating it to be -11.00% for the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 8.91% during past 5 years. In 2023, company’s earnings growth rate is likely to be around 0.39% while estimates for its earnings growth in next 5 years are of 20.00%.

VUZI Dividends

Vuzix Corporation is more likely to be releasing its next quarterly report on November 09 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Vuzix Corporation (NASDAQ:VUZI)’s Major holders

Insiders are in possession of 7.51% of company’s total shares while institution are holding 44.76 percent of that, with stock having share float percentage of 48.39%. Investors also watch the number of corporate investors in a company very closely, which is 44.76% institutions for Vuzix Corporation that are currently holding shares of the company. ARK Investment Management, LLC is the top institutional holder at VUZI for having 6.24 million shares of worth $22.66 million. And as of Sep 29, 2023, it was holding 9.86% of the company’s outstanding shares.

The second largest institutional holder is Blackrock Inc., which was holding about 4.58 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 7.23% of outstanding shares, having a total worth of $23.33 million.

On the other hand, ARK ETF Tr-ARK Next Generation Internet ETF and ARK ETF Tr-ARK Autonomous Technology & Robotics ETF are the top two Mutual Funds which own company’s shares. As of Sep 29, 2023, the former fund manager was holding 3.47 million shares of worth $12.59 million or 5.48% of the total outstanding shares. The later fund manager was in possession of 2.76 million shares on Sep 29, 2023, making its stake of worth around $10.04 million in the company or a holder of 4.37% of company’s stock.

On Key

Related Posts