Vuzix Corporation (VUZI) Is Now En Route to Higher Prices

Vuzix Corporation (NASDAQ: VUZI) is -35.28% lower on its value in year-to-date trading and has touched a low of $0.83 and a high of $5.79 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 $2.56 in the last trading session, with the day’s loss setting it -0.01%.

Currently trading at $2.55, the stock is 23.86% and 25.06% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.5 million and changing -0.39% at the moment leaves the stock 17.37% off its SMA200. VUZI registered 64.52% gain for a year compared to 6-month gain of 133.94%.

The stock witnessed a 55.49% loss in the last 1 month and extending the period to 3 months gives it a -41.24%, and is 21.43% 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 13.10% over the week and 9.43% over the month.

Vuzix Corporation (VUZI) has around 76 employees, a market worth around $194.42M and $5.33M in sales. Profit margin for the company is -1352.84%. Distance from 52-week low is 207.19% and -55.94% from its 52-week high. The company has generated returns on investments over the last 12 months (-219.59%).

The EPS is expected to grow by 58.33% this year.

Vuzix Corporation (VUZI) Top Institutional Holders

The shares outstanding are 76.24M, and float is at 63.08M with Short Float at 25.44%.

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 7.0375% 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 4.3429 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 1.55 million shares representing 2.3558% and valued at over $2.09 million, while MILLENNIUM MANAGEMENT LLC holds 1.5341 of the shares totaling 1.01 million with a market value of $1.36 million.

Vuzix Corporation (VUZI) Insider Activity

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