Vuzix Corporation (NASDAQ:VUZI) has a beta value of 1.60 and has seen 8.27 million shares traded in the last trading session. The company, currently valued at $217.87M, closed the last trade at $2.25 per share which meant it gained $0.54 on the day or 31.58% during that session. The VUZI stock price is -11.11% off its 52-week high price of $2.50 and 63.11% 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 1.4 million shares traded. The 3-month trading volume is 1.17 million shares.
The consensus among analysts is that Vuzix Corporation (VUZI) is Buy stock at the moment, with a recommendation rating of 1.00. 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.
Vuzix Corporation (NASDAQ:VUZI) trade information
Sporting 31.58% in the green in last session, 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 $2.25 or saw a rise of 0.88%. Year-to-date, Vuzix Corporation shares have moved 7.91%, while the 5-day performance has seen it change 106.42%. Over the past 30 days, the shares of Vuzix Corporation (NASDAQ:VUZI) have changed 73.08%. Short interest in the company has seen 11.04 million shares shorted with days to cover at 12.66.
Wall Street analysts have a consensus price target for the stock at $3, which means that the shares’ value could jump 25.0% from current levels. 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 current price level is -33.33% off the targeted high while a plunge would see the stock gain -33.33% from current levels.
Vuzix Corporation (VUZI) estimates and forecasts
The company’s shares have gained 39.75% over the past 6 months. Revenue growth from the last financial year stood is estimated to be -50.47%.
1 analysts offering their estimates for the company have set an average revenue estimate of 1.52M for the current quarter.
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 -26.58% 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 in December 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 17.42% of the company shares, while shares held by institutions stand at 13.64% with a share float percentage of 16.52%. Investors are also buoyed by the number of investors in a company, with Vuzix Corporation having a total of 93.0 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.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund . As of Jun 30, 2024 , the former fund manager holds about 2.57% shares in the company for having 1.89 shares of worth $4.25 million while later fund manager owns 857.11 shares of worth $1.93 million as of Jun 30, 2024 , which makes it owner of about 1.16% of company’s outstanding stock.
