In the latest trading session, 3.75 million Vuzix Corporation (NASDAQ:VUZI) shares changed hands as the company’s beta touched 1.76. With the company’s most recent per share price at $2.67 changing hands around $0.36 or 15.58% at last look, the market valuation stands at $213.16M. VUZI’s last price was a premium, traded about 1.5% off its 52-week high of $2.63. The share price had its 52-week low at $0.83, which suggests the last value was 68.91% up since then. When we look at Vuzix Corporation’s average trading volume, we note the 10-day average is 3.16 million shares, with the 3-month average coming to 1.47 million.
Analysts gave the Vuzix Corporation (VUZI) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended VUZI as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Vuzix Corporation’s EPS for the current quarter is expected to be 0.
Vuzix Corporation (NASDAQ:VUZI) trade information
Instantly VUZI is in green as seen in intraday trades today. With action 56.14%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 28.06%, with the 5-day performance at 56.14% in the green. However, in the 30-day time frame, Vuzix Corporation (NASDAQ:VUZI) is 128.21% up. Looking at the short shares, we see there were 11.04 million shares sold at short interest cover period of 12.66 days.
The consensus price target for the stock as assigned by Wall Street analysts is 3, meaning bulls need an upside of 11.0% from its recent market value. According to analyst projections, VUZI’s forecast low is 3 with 3 as the target high. To hit the forecast high, the stock’s price needs a -12.36% plunge from its current level, while the stock would need to soar -12.36% for it to hit the projected low.
Vuzix Corporation (VUZI) estimates and forecasts
Year-over-year growth is forecast to reach -50.47% down from the last financial year.
Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 1.52M. The company’s revenue for the corresponding quarters a year ago was 1.07M. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 42.93%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 1.93%. The 2024 estimates are for Vuzix Corporation earnings to decrease by -26.58%, but the outlook for the next 5-year period is at 20.00% per year.
VUZI Dividends
Vuzix Corporation is expected to release its next quarterly earnings report in January.
Vuzix Corporation (NASDAQ:VUZI)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 17.42% of Vuzix Corporation shares while 13.64% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 16.52%. There are 13.64% institutions holding the Vuzix Corporation stock share, with ARK INVESTMENT MANAGEMENT LLC the top institutional holder. As of 2024-06-30, the company held 7.156% of the shares, roughly 4.63 million VUZI shares worth $6.25 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 4.416% or 2.86 million shares worth $3.86 million as of 2024-06-30.
