This is why Vuzix Corporation (VUZI) Stock is one of the options for the Longer run

Vuzix Corporation [VUZI] stock prices are down -2.16% to $1.36 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The VUZI shares have gain 16.24% over the last week, with a monthly amount glided 30.77%, and seem to be holding up well over a long-time horizon.

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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.

The stock price of Vuzix Corporation [VUZI] has been fluctuating between $0.83 and $3.65 over the past year. Currently, Wall Street analysts expect the stock to reach $3 within the next 12 months. Vuzix Corporation [NASDAQ: VUZI] shares were valued at $1.36 at the most recent close of the market. An investor can expect a potential return of 120.59% based on the average VUZI price forecast.

Analyzing the VUZI fundamentals

The Vuzix Corporation [NASDAQ:VUZI] reported sales of 6.34M for trailing twelve months, representing a drop of -76.71%. Gross Profit Margin for this corporation currently stands at -1.12% with Operating Profit Margin at -8.28%, Pretax Profit Margin comes in at -12.85%, and Net Profit Margin reading is -12.85%. To continue investigating profitability, this company’s Return on Assets is posted at -2.13, Equity is -1.14 and Total Capital is -1.47. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.02.

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 1.3200 points at the first support level, and at 1.2800 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.4100, and for the 2nd resistance point, it is at 1.4600.

Ratios To Look Out For

It’s worth pointing out that Vuzix Corporation [NASDAQ:VUZI]’s Current Ratio is 9.53. Further, the Quick Ratio stands at 5.45, while the Cash Ratio is 3.82. Considering the valuation of this stock, the price to sales ratio is 14.15, the price to book ratio is 2.51.

Transactions by insiders

Recent insider trading involved Harned Timothy Heydenreich, Director, that happened on Apr 22 ’24 when 20000.0 shares were purchased. President and CEO, Travers Paul J completed a deal on Apr 22 ’24 to buy 14500.0 shares. Meanwhile, President and CEO Travers Paul J bought 7500.0 shares on Apr 18 ’24.

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