In the last trading session, 1.06 million shares of the Vuzix Corporation (NASDAQ:VUZI) were traded, and its beta was 1.51. Most recently the company’s share price was $1.17, and it changed around -$0.13 or -10.00% from the last close, which brings the market valuation of the company to $77.18M. VUZI currently trades at a discount to its 52-week high of $3.65, offering almost -211.97% off that amount. The share price’s 52-week low was $0.83, which indicates that the current value has risen by an impressive 29.06% since then. We note from Vuzix Corporation’s average daily trading volume that its 10-day average is 0.8 million shares, with the 3-month average coming to 1.10 million.

Vuzix Corporation stock received a consensus recommendation rating of Buy, based on a mean score of 2.00. If we narrow it down even further, the data shows that 0 out of 2 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended VUZI as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. Vuzix Corporation is expected to report earnings per share of -0.12 for the current quarter.

Vuzix Corporation (NASDAQ:VUZI) trade information

Instantly VUZI has showed a red trend with a performance of -10.00% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 1.4300 on recent trading dayincreased the stock’s daily price by 18.18%. The company’s shares are currently down -43.88% year-to-date, but still down -10.00% over the last five days. We can see from the shorts that 10.18 million shares have been sold at a short interest cover period of 10.08 day(s).

The consensus price target as assigned by Wall Street analysts is $3, which translates to bulls needing to increase their stock price by 61.0% from its current value. Analyst projections state that VUZI is forecast to be at a low of $3 and a high of $3.

Vuzix Corporation (VUZI) estimates and forecasts

Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 29.40% in revenue this quarter, and will report an increase of 64.30% in the next quarter. The year-over-year growth rate is expected to be -37.80%, down from the previous year.

Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 1.68M in revenue for the current quarter. 2 analysts expect Vuzix Corporation to make 2.77M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 2.18M and 1.07M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -22.90%. Forecasts for the next quarter put sales growth at 159.60%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 1.93%. Vuzix Corporation earnings are expected to increase by -27.22% in 2024, but the outlook is positive 20.00% per year for the next five years.

VUZI Dividends

Vuzix Corporation’s next quarterly earnings report is expected to be released on 2024-Nov-07.

Vuzix Corporation (NASDAQ:VUZI)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 19.44% of Vuzix Corporation shares, and 27.81% of them are in the hands of institutional investors. The stock currently has a share float of 34.52%. Vuzix Corporation stock is held by 120.0 institutions, with ARK INVESTMENT MANAGEMENT LLC being the largest institutional investor. By 2024-06-30, it held 7.156% of the shares, which is about 4.63 million shares worth $6.25 million.

VANGUARD GROUP INC, with 4.416% or 2.86 million shares worth $3.86 million as of 2024-06-30, holds the second largest percentage of outstanding shares.