In last trading session, Vuzix Corporation (NASDAQ:VUZI) saw 0.53 million shares changing hands with its beta currently measuring 1.49. Company’s recent per share price level of $1.11 trading at -$0.04 or -3.48% at ring of the bell on the day assigns it a market valuation of $81.72M. That closing price of VUZI’s stock is at a discount of -212.61% from its 52-week high price of $3.47 and is indicating a premium of 25.23% from its 52-week low price of $0.83. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.68 million shares which gives us an average trading volume of 1.12 million if we extend that period to 3-months.
For Vuzix Corporation (VUZI), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.12 in the current quarter.
Vuzix Corporation (NASDAQ:VUZI) trade information
Upright in the red during last session for losing -3.48%, in the last five days VUZI remained trading in the red while hitting it’s week-highest on Monday, 11/04/24 when the stock touched $1.11 price level, adding 9.76% to its value on the day. Vuzix Corporation’s shares saw a change of -46.76% in year-to-date performance and have moved -9.02% in past 5-day. Vuzix Corporation (NASDAQ:VUZI) showed a performance of -20.14% in past 30-days. Number of shares sold short was 10.18 million shares which calculate 10.08 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 3 to the stock, which implies a rise of 63.0% to its current value. Analysts have been projecting 3 as a low price target for the stock while placing it at a high target of 3. It follows that stock’s current price would drop -170.27% in reaching the projected high whereas dropping to the targeted low would mean a loss of -170.27% for stock’s current value.
Vuzix Corporation (VUZI) estimates and forecasts
This year revenue growth is estimated to fall -29.10% from the last financial year’s standing.
1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 1.97M for the same. And 1 analysts are in estimates of company making revenue of 3.54M in the next quarter. Company posted 2.18M and 1.07M of sales in current and next quarters respectively a year earlier.
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 1.93% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -27.22% while estimates for its earnings growth in next 5 years are of 20.00%.
Vuzix Corporation (NASDAQ:VUZI)’s Major holders
Insiders are in possession of 19.44% of company’s total shares while institution are holding 20.66 percent of that, with stock having share float percentage of 25.65%. Investors also watch the number of corporate investors in a company very closely, which is 20.66% 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 4.63 million shares of worth $6.25 million. And as of 2024-06-30, it was holding 7.156 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 2.86 million shares on 2024-06-30. The number of shares represents firm’s hold over 4.416 of outstanding shares, having a total worth of $3.86 million.
