Vuzix Corporation (NASDAQ:VUZI) has a beta value of 1.50 and has seen 11.69 million shares traded in the recent trading session. The company, currently valued at $63.75M, closed the recent trade at $0.97 per share which meant it gained $0.11 on the day or 11.98% during that session. The VUZI stock price is -326.8% off its 52-week high price of $4.14 and 14.43% above the 52-week low of $0.83. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.58 million shares traded. The 3-month trading volume is 719.13K 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 -0.12.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Vuzix Corporation (NASDAQ:VUZI) trade information
Sporting 11.98% in the green today, the stock has traded in the green 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 26.52%. Year-to-date, Vuzix Corporation shares have moved -53.65%, while the 5-day performance has seen it change 11.75%. Over the past 30 days, the shares of Vuzix Corporation (NASDAQ:VUZI) have changed -14.48%. Short interest in the company has seen 9.12 million shares shorted with days to cover at 13.84.
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 -38.84% over the past 6 months. Revenue growth from the last financial year stood is estimated to be -37.80%.
2 analysts offering their estimates for the company have set an average revenue estimate of 1.68M for the current quarter. 2 have an estimated revenue figure of 2.77M for the next ending quarter. Year-ago sales stood 2.18M and 1.07M respectively for this quarter and the next, and analysts expect sales will shrink by -22.90% for the current quarter and -37.80% 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 1.93% over the past 5 years. Earnings growth for 2024 is a modest -27.22% 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 on 2024-Nov-07 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 7.78% of the company shares, while shares held by institutions stand at 27.61% with a share float percentage of 29.94%. Investors are also buoyed by the number of investors in a company, with Vuzix Corporation having a total of 126.0 institutions that hold shares in the company. The top two institutional holders are ARK INVESTMENT MANAGEMENT LLC with over 4.63 million shares worth more than $6.25 million. As of 2024-06-30, ARK INVESTMENT MANAGEMENT LLC held 7.156% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 2.86 million shares as of 2024-06-30. The firm’s total holdings are worth over $3.86 million and represent 4.416% of shares outstanding.
