In the last trading session, 3.59 million shares of the Vuzix Corporation (NASDAQ:VUZI) were traded, and its beta was 1.70. Most recently the company’s share price was $5.25, and it changed around -$0.01 or -0.19% from the last close, which brings the market valuation of the company to $385.75M. VUZI currently trades at a discount to its 52-week high of $5.36, offering almost -2.1% off that amount. The share price’s 52-week low was $0.83, which indicates that the current value has risen by an impressive 84.19% since then. We note from Vuzix Corporation’s average daily trading volume that its 10-day average is 3.46 million shares, with the 3-month average coming to 1.79 million.
Vuzix Corporation stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended VUZI as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Vuzix Corporation is expected to report earnings per share of 0 for the current quarter.
Vuzix Corporation (NASDAQ:VUZI) trade information
Instantly VUZI has showed a red trend with a performance of -0.19% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 5.49 on recent trading dayincreased the stock’s daily price by 4.37%. The company’s shares are currently up 151.80% year-to-date, but still up 41.13% over the last five days. On the other hand, Vuzix Corporation (NASDAQ:VUZI) is 166.50% up in the 30-day period. We can see from the shorts that 11.04 million shares have been sold at a short interest cover period of 12.66 day(s).
The consensus price target as assigned by Wall Street analysts is $3, which translates to bulls needing to decrease their stock price by -75.0% from its current value. Analyst projections state that VUZI is forecast to be at a low of $3 and a high of $3.
Vuzix Corporation (VUZI) estimates and forecasts
The year-over-year growth rate is expected to be -50.47%, down from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 1.52M in revenue for the current quarter. Analysts predict that the company’s current quarter sales will jump, forecast at 42.93%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 1.93%. Vuzix Corporation earnings are expected to increase by -26.58% in 2024, but the outlook is positive 20.00% per year for the next five years.
VUZI Dividends
Vuzix Corporation’s next quarterly earnings report is expected to be released in January.
Vuzix Corporation (NASDAQ:VUZI)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 17.42% of Vuzix Corporation shares, and 13.64% of them are in the hands of institutional investors. The stock currently has a share float of 16.52%. Vuzix Corporation stock is held by 93.0 institutions, with ARK INVESTMENT MANAGEMENT LLC being the largest institutional investor. By 2024-06-30, it held 7.156% of the shares, which is about 4.63 million shares worth $6.25 million.
VANGUARD GROUP INC, with 4.416% or 2.86 million shares worth $3.86 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
