During the last session, Vuzix Corporation (NASDAQ:VUZI)’s traded shares were 0.33 million, with the beta value of the company hitting 1.51. At the end of the trading day, the stock’s price was $1.22, reflecting an intraday gain of 4.27% or $0.05. The 52-week high for the VUZI share is $3.65, that puts it down -199.18 from that peak though still a striking 31.97% gain since the share price plummeted to a 52-week low of $0.83. The company’s market capitalization is $89.81M, and the average intraday trading volume over the past 10 days was 0.91 million shares, and the average trade volume was 1.13 million shares over the past three months.

Vuzix Corporation (VUZI) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.00. VUZI has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.12.

Vuzix Corporation (NASDAQ:VUZI) trade information

Vuzix Corporation (VUZI) registered a 4.27% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 4.27% in intraday trading to $1.22, hitting a weekly high. The stock’s 5-day price performance is -6.15%, and it has moved by 7.02% in 30 days. Based on these gigs, the overall price performance for the year is -61.39%. The short interest in Vuzix Corporation (NASDAQ:VUZI) is 10.18 million shares and it means that shorts have 10.08 day(s) to cover.

The consensus price target of analysts on Wall Street is $3, which implies an increase of 59.33% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3 and $3 respectively. As a result, VUZI is trading at a discount of -145.9% off the target high and -145.9% off the low.

Vuzix Corporation (VUZI) estimates and forecasts

Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 29.40% this quarter and then jump 64.30% in the quarter after that. In the rating firms’ projections, revenue will decrease -37.80% compared to the previous financial year.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 1.68M as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 2.77M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 2.18M and 1.07M respectively. In this case, analysts expect current quarter sales to shrink by -22.90% and then jump by 159.60% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 1.93%. While earnings are projected to return -27.22% in 2024, the next five years will return 20.00% per annum.

VUZI Dividends

Vuzix Corporation is due to release its next quarterly earnings on 2024-Nov-07. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Vuzix Corporation (NASDAQ:VUZI)’s Major holders

Vuzix Corporation insiders own 19.44% of total outstanding shares while institutional holders control 20.79%, with the float percentage being 25.81%. ARK INVESTMENT MANAGEMENT LLC is the largest shareholder of the company, while 121.0 institutions own stock in it. As of 2024-06-30, the company held over 4.63 million shares (or 7.156% of all shares), a total value of $6.25 million in shares.

The next largest institutional holding, with 2.86 million shares, is of VANGUARD GROUP INC’s that is approximately 4.416% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $3.86 million.