Vuzix Corporation (NASDAQ:VUZI) has a beta value of 1.55 and has seen 0.85 million shares traded in the recent trading session. The company, currently valued at $62.76M, closed the recent trade at $0.97 per share which meant it lost -$0.08 on the day or -7.67% during that session. The VUZI stock price is -370.1% off its 52-week high price of $4.56 and -3.09% below the 52-week low of $1.00. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.6 million shares traded. The 3-month trading volume is 763.75K shares.
The consensus among analysts is that Vuzix Corporation (VUZI) is Buy 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. 0 out of 1 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.1.
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Vuzix Corporation (NASDAQ:VUZI) trade information
Sporting -7.67% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the VUZI stock price touched $0.97 or saw a rise of 13.39%. Year-to-date, Vuzix Corporation shares have moved -53.50%, while the 5-day performance has seen it change -5.87%. Over the past 30 days, the shares of Vuzix Corporation (NASDAQ:VUZI) have changed -30.25%. Short interest in the company has seen 7.57 million shares shorted with days to cover at 15.91.
Wall Street analysts have a consensus price target for the stock at $3, which means that the shares’ value could jump 67.67% from the levels at last check today. The projected low price target is $3.0 while the price target rests at a high of $3.0. In that case, then, we find that the latest price level in today’s session is -209.28% off the targeted high while a plunge would see the stock gain -209.28% from the levels at last check today.
Vuzix Corporation (VUZI) estimates and forecasts
The company’s shares have lost -41.24% over the past 6 months. Revenue growth from the last financial year stood is estimated to be -4.30%.
2 analysts offering their estimates for the company have set an average revenue estimate of 2.55M for the current quarter. 2 have an estimated revenue figure of 3.2M for the next ending quarter. Year-ago sales stood 4.69M and 2.18M respectively for this quarter and the next, and analysts expect sales will shrink by -45.60% for the current quarter and -4.30% 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 1.93% over the past 5 years. Earnings growth for 2024 is a modest 43.67% while over the next 5 years, the company’s earnings are expected to increase by 20.00%.
Vuzix Corporation (NASDAQ:VUZI)’s Major holders
Insiders own 7.93% of the company shares, while shares held by institutions stand at 33.73% with a share float percentage of 36.63%. Investors are also buoyed by the number of investors in a company, with Vuzix Corporation having a total of 131.0 institutions that hold shares in the company. The top two institutional holders are ARK INVESTMENT MANAGEMENT LLC with over 5.21 million shares worth more than $6.31 million. As of 2024-03-31, ARK INVESTMENT MANAGEMENT LLC held 8.2195% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 4.62 million shares as of 2024-03-31. The firm’s total holdings are worth over $5.58 million and represent 7.2761% 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 Vanguard Total Stock Market Index Fund. As of Jul 31, 2024, the former fund manager holds about 3.98% shares in the company for having 2.57 shares of worth $2.49 million while later fund manager owns 1.89 shares of worth $1.83 million as of Mar 31, 2024, which makes it owner of about 2.92% of company’s outstanding stock.
