Vuzix Corporation (NASDAQ:VUZI)’s traded shares stood at 0.55 million during the last session, with the company’s beta value hitting 1.49. At the last check today, the stock’s price was $0.92, to imply a decrease of -14.81% or -$0.16 in intraday trading. The VUZI share’s 52-week high remains $2.71, putting it -194.57% down since that peak but still an impressive 9.78% since price per share fell to its 52-week low of $0.83. The company has a valuation of $67.73M, with an average of 0.56 million shares in intraday trading volume over the past 10 days and average of 1.09 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Vuzix Corporation (VUZI), translating to a mean rating of 1.00. Of 1 analyst(s) looking at the stock, 0 analyst(s) give VUZI a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.12.
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Vuzix Corporation (NASDAQ:VUZI) trade information
After registering a -14.81% downside in the latest session, Vuzix Corporation (VUZI) has traded red over the past five days. The 5-day price performance for the stock is -17.11%, and -29.76% over 30 days. With these gigs, the year-to-date price performance is -55.87%. Short interest in Vuzix Corporation (NASDAQ:VUZI) saw shorts transact 11.04 million shares and set a 12.66 days time to cover.
The extremes give us $3 and $3 for target low and target high price respectively. As such, VUZI has been trading -226.09% off suggested target high and -226.09% from its likely low.
Vuzix Corporation (VUZI) estimates and forecasts
Revenue is forecast to grow 29.41% this quarter before jumping 68.75% for the next one. The rating firms project that company’s revenue will shrink -29.07% compared to the previous financial year.
Revenue forecast for the current quarter as set by 1 analysts is 1.97M. Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 3.54M.Earnings reports from the last fiscal year show that sales brought in 2.18M and 1.07M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -9.77% before jumping 231.79% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 1.93% for the past 5-year period. While 2024 is set for a -26.58% return in earnings, projections for the next 5 years are at 20.00% annually.
VUZI Dividends
Vuzix Corporation has its next earnings report out on 2024-Nov-14. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Vuzix Corporation (NASDAQ:VUZI)’s Major holders
Vuzix Corporation insiders hold 17.42% of total outstanding shares, with institutional holders owning 13.64% of the shares at 16.52% float percentage. In total, 13.64% institutions holds shares in the company, led by ARK INVESTMENT MANAGEMENT LLC. As of 2024-06-30, the company held over 4.63 million shares (or 7.156% of shares), all amounting to roughly $6.25 million.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 2.86 million shares, or about 4.416% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $3.86 million.
