Vuzix Corporation (NASDAQ: VUZI) is -17.99% lower on its value in year-to-date trading and has touched a low of $0.83 and a high of $2.50 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 $1.30 in the last trading session, with the day’s gains setting it 0.41%.
Currently trading at $1.71, the stock is 46.70% and 43.91% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.2 million and changing 31.54% at the moment leaves the stock 34.09% off its SMA200. VUZI registered -21.56% loss for a year compared to 6-month loss of 9.62%. The firm has a 50-day simple moving average (SMA 50) of $1.1882 and a 200-day simple moving average (SMA200) of $1.2754.
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The stock witnessed a 27.61% gain in the last 1 month and extending the period to 3 months gives it a 97.73%, and is 87.48% 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 19.70% over the week and 11.08% over the month.
Vuzix Corporation (VUZI) has around 94 employees, a market worth around $165.58M and $5.55M in sales. Profit margin for the company is -1437.40%. Distance from 52-week low is 106.00% and -31.60% from its 52-week high. The company has generated returns on investments over the last 12 months (-201.09%).
with sales reaching $1.52M over the same period.The EPS is expected to shrink by -26.58% this year, but quarterly earnings will post -50.47% year-over-year. Quarterly sales are estimated to grow 42.93% in year-over-year returns.
Vuzix Corporation (VUZI) Top Institutional Holders
93.0 institutions hold shares in Vuzix Corporation (VUZI), with institutional investors hold 16.52% of the company’s shares. The shares outstanding are 64.73M, and float is at 60.89M with Short Float at 18.13%. Institutions hold 13.64% 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).
