During the last session, Vuzix Corporation (NASDAQ:VUZI)’s traded shares were 3.15 million, with the beta value of the company hitting 1.61. At the end of the trading day, the stock’s price was $3.94, reflecting an intraday loss of -8.80% or -$0.38. The 52-week high for the VUZI share is $5.49, that puts it down -39.34 from that peak though still a striking 78.93% gain since the share price plummeted to a 52-week low of $0.83. The company’s market capitalization is $264.54M, and the average intraday trading volume over the past 10 days was 3.65 million shares, and the average trade volume was 1.87 million shares over the past three months.
Vuzix Corporation (VUZI) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. VUZI has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.
Vuzix Corporation (NASDAQ:VUZI) trade information
Vuzix Corporation (VUZI) registered a -8.80% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -8.80% in intraday trading to $3.94, hitting a weekly high. The stock’s 5-day price performance is -12.44%, and it has moved by 70.56% in 30 days. Based on these gigs, the overall price performance for the year is 88.97%. The short interest in Vuzix Corporation (NASDAQ:VUZI) is 11.04 million shares and it means that shorts have 12.66 day(s) to cover.
The consensus price target of analysts on Wall Street is $3, which implies a decrease of -31.33% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3 and $3 respectively. As a result, VUZI is trading at a premium of 23.86% off the target high and 23.86% off the low.
Vuzix Corporation (VUZI) estimates and forecasts
In the rating firms’ projections, revenue will decrease -50.47% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 1.52M as predicted by 1 analyst(s).
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 1.93%. While earnings are projected to return -26.58% in 2025, the next five years will return 20.00% per annum.
VUZI Dividends
Vuzix Corporation is due to release its next quarterly earnings in February. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Vuzix Corporation (NASDAQ:VUZI)’s Major holders
Vuzix Corporation insiders own 17.42% of total outstanding shares while institutional holders control 13.64%, with the float percentage being 16.52%. ARK INVESTMENT MANAGEMENT LLC is the largest shareholder of the company, while 93.0 institutions own stock in it. As of 2024-06-30, the company held over 4.63 million shares (or 7.156% of all shares), a total value of $6.25 million in shares.
The next largest institutional holding, with 2.86 million shares, is of VANGUARD GROUP INC’s that is approximately 4.416% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $3.86 million.
Also, the Mutual Funds coming in first place with the largest holdings of Vuzix Corporation (VUZI) shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund . Data provided on Sep 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 1.89 shares. This amounts to just over 2.57 percent of the company’s overall shares, with a $7.44 million market value. The same data shows that the other fund manager holds slightly less at 857.11, or about 1.16% of the stock, which is worth about $3.38 million.
