Vuzix Corp (NASDAQ:VUZI) has been assigned a consensus rating of “Buy” from the six research firms that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $10.50.
Several equities analysts have recently commented on VUZI shares. Chardan Capital set a $10.00 price target on shares of Vuzix and gave the company a “buy” rating in a report on Friday. ValuEngine upgraded shares of Vuzix from a “hold” rating to a “buy” rating in a report on Thursday, June 7th. Finally, Zacks Investment Research upgraded shares of Vuzix from a “sell” rating to a “hold” rating and set a $6.25 price target on the stock in a report on Wednesday, May 23rd.
Shares of Vuzix stock traded down $0.20 on Friday, hitting $6.60. 378,209 shares of the company traded hands, compared to its average volume of 295,982. Vuzix has a 12-month low of $4.10 and a 12-month high of $11.40.
Vuzix (NASDAQ:VUZI) last posted its quarterly earnings results on Thursday, August 9th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.01). Vuzix had a negative net margin of 318.25% and a negative return on equity of 82.67%. The company had revenue of $2.65 million for the quarter. equities analysts expect that Vuzix will post -0.72 earnings per share for the current fiscal year.
Several institutional investors have recently bought and sold shares of the company. Janney Montgomery Scott LLC grew its holdings in shares of Vuzix by 60.8% during the 2nd quarter. Janney Montgomery Scott LLC now owns 19,300 shares of the company’s stock valued at $144,000 after acquiring an additional 7,300 shares in the last quarter. Rhumbline Advisers bought a new stake in Vuzix in the second quarter worth $146,000. Element Capital Management LLC bought a new stake in Vuzix in the first quarter worth $144,000. Raymond James & Associates bought a new stake in Vuzix in the fourth quarter worth $179,000. Finally, Belpointe Asset Management LLC bought a new stake in Vuzix in the second quarter worth $242,000. Institutional investors and hedge funds own 13.52% of the company’s stock.
Vuzix Corporation designs, manufactures, markets, and sells wearable display devices in the United States and internationally. Its wearable display products include augmented reality (AR) smart glasses for various enterprise and commercial users and applications; and video viewing glasses for on-the-go users as mobile displays for entertainment and gaming.
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