A share price of Vuzix Corporation [VUZI] is currently trading at $1.40, up 12.90%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The VUZI shares have gain 5.26% over the last week, with a monthly amount drifted -6.67%, and not seem to be holding up well over a long-time horizon.
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On 4, April 2024, Vuzix Receives New Additional Orders from Two Aerospace Defense Firms to Further Develop Their Waveguide-based Display Solutions. In a post published today on Yahoo Finance, Vuzix® Corporation (NASDAQ: VUZI), (“Vuzix” or, the “Company”), a leading supplier of smart glasses and Augmented Reality (AR) technology and products, announced it has received new additional orders from two aerospace and defense firms to further develop and deliver waveguide-based display solutions in 2024.
From an analyst’s perspective:
Vuzix Corporation [NASDAQ: VUZI] stock has seen the most recent analyst activity on November 10, 2023, when BTIG Research downgraded its rating to a Neutral. Previously, Dawson James started tracking the stock with Buy rating on December 21, 2021, and set its price target to $15. On March 16, 2021, downgrade downgraded it’s rating to Hold. BTIG Research started tracking the stock assigning a Buy rating and suggested a price target of $30 on February 17, 2021. Maxim Group reiterated its recommendation of a Buy and raised its price target to $13 on January 19, 2021. Alliance Global Partners downgraded its rating to Neutral for this stock on May 11, 2020. In a note dated October 28, 2016, Maxim Group initiated an Buy rating and provided a target price of $11 on this stock.
Vuzix Corporation experienced fluctuations in its stock price throughout the past year between $1.12 and $6.06. Vuzix Corporation [NASDAQ: VUZI] shares were valued at $1.40 at the most recent close of the market.
Analyzing the VUZI fundamentals
Trailing Twelve Months sales for Vuzix Corporation [NASDAQ:VUZI] were 13.96M which represents -36.38% decline. Gross Profit Margin for this corporation currently stands at 0.11% with Operating Profit Margin at -3.14%, Pretax Profit Margin comes in at -2.94%, and Net Profit Margin reading is -2.72%. To continue investigating profitability, this company’s Return on Assets is posted at -0.38, Equity is -0.36 and Total Capital is -0.46. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.0.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.2633 points at the first support level, and at 1.1267 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.5233, and for the 2nd resistance point, it is at 1.6467.
Vuzix Corporation [VUZI] reported earnings per share of -$0.17 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.15/share, meaning a difference of -$0.02 and a surprise factor of -13.30%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were -$0.14 per share as compared to estimates of -$0.17 per share, a difference of $0.03 representing a surprise of 17.60%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Vuzix Corporation [NASDAQ:VUZI] is 11.59. In addition, the Quick Ratio stands at 9.27 and the Cash Ratio stands at 7.4. Considering the valuation of this stock, the price to sales ratio is 6.49, the price to book ratio is 0.93.
Transactions by insiders
Recent insider trading involved Travers Paul J, President and CEO, that happened on Nov 15 ’23 when 7500.0 shares were purchased. Director, Kay Edward William Jr. completed a deal on Aug 16 ’23 to buy 10000.0 shares. Meanwhile, Director Harned Timothy Heydenreich bought 2500.0 shares on May 16 ’23.
