Vuzix Corporation (NASDAQ: VUZI) is -55.40% lower on its value in year-to-date trading and has touched a low of $0.83 and a high of $4.02 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The VUZI stock was last observed hovering at around $0.91 in the last trading session, with the day’s gains setting it 0.02%.
Currently trading at $0.93, the stock is 0.45% and -18.89% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.54 million and changing 2.51% at the moment leaves the stock -39.09% off its SMA200. VUZI registered -76.81% loss for a year compared to 6-month loss of -38.00%.
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The stock witnessed a -13.49% gain in the last 1 month and extending the period to 3 months gives it a -31.11%, and is 8.14% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 14.81% over the week and 8.46% over the month.
Vuzix Corporation (VUZI) has around 94 employees, a market worth around $61.35M and $6.34M in sales. Profit margin for the company is -1285.17%. Distance from 52-week low is 12.03% and -76.87% from its 52-week high. The company has generated returns on investments over the last 12 months (-228.69%).
The EPS is expected to shrink by -27.22% this year
126.0 institutions hold shares in Vuzix Corporation (VUZI), with institutional investors hold 29.94% of the company’s shares. The shares outstanding are 64.73M, and float is at 60.83M with Short Float at 14.99%. Institutions hold 27.61% of the Float.
The top institutional shareholder in the company is ARK INVESTMENT MANAGEMENT LLC with over 4.63 million shares valued at $6.25 million. The investor’s holdings represent 7.156 of the VUZI Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 2.86 million shares valued at $3.86 million to account for 4.416 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 1.55 million shares representing 2.3954 and valued at over $2.09 million, while MILLENNIUM MANAGEMENT LLC holds 1.5599 of the shares totaling 1.01 million with a market value of $1.36 million.
Vuzix Corporation (VUZI) Insider Activity
The most recent transaction is an insider purchase by Harned Timothy Heydenreich, the company’s Director. SEC filings show that Harned Timothy Heydenreich bought 20,000 shares of the company’s common stock on Apr 22 ’24 at a price of $1.31 per share for a total of $26188.0. Following the purchase, the insider now owns 0.19 million shares.
Vuzix Corporation disclosed in a document filed with the SEC on Apr 22 ’24 that Travers Paul J (President and CEO) bought a total of 14,500 shares of the company’s common stock. The trade occurred on Apr 22 ’24 and was made at $1.25 per share for $18163.0. Following the transaction, the insider now directly holds 2.86 million shares of the VUZI stock.
Still, SEC filings show that on Apr 18 ’24, Travers Paul J (President and CEO) acquired 7,500 shares at an average price of $1.34 for $10062.0. The insider now directly holds 2,845,170 shares of Vuzix Corporation (VUZI).
