Does Vuzix Corporation (VUZI) Have A Cheap Price Or Is It Risky?

The stock of Vuzix Corporation (NASDAQ:VUZI) decreased by decreased by -$0.63 on Friday to finish at $10.25, down -5.79 percent. The last five days have seen an average of 1,501,840 shares of common stock traded. 19 times new highs were reached in the current year, with a gain of $1.17. The average number of shares traded over the last 20 days was 1,124,535, while the average volume over the last 50 days totaled 1,404,012.

VUZI stock dropped -11.41% since last month. On 10/19/21, the company’s shares reached a one-month low of $9.63. The stock touched a high of $32.43 on 04/09/21, after rallying from a low of $3.40 in 52 weeks. The price of VUZI stock has risen by 12.89% or $1.17 this year, reaching a new high 19 times. Still, the stock price is down -68.39% from the 52-week high.


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Insider Transactions

There have been 270 days since Vuzix Corporation (VUZI) last reported insider trading activity on Jan 28. On Jan 28, 10% Owner INTEL CORP sold 4,962,600 shares at $11.51 each. This transaction resulted in the insider making $57,095,915.

Valuation Metrics

Beta for the stock is 2.39. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 50.13, the price-to-book (PB) ratio of 4.15.

For the three months ended June 29, Vuzix Corporation’s quick ratio was 45.80, while its current ratio was 48.30, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 19.60% percent. Based on annual data, it had gross profit of $1.93 million and revenue of $11.58 million.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. VUZI’s return on assets (ROA) during the last 12 months has been -24.50%. There was a -36.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -25.60%. ROE has averaged 3.62 in the past year for the broader industry.

Earnings Surprise

According to Vuzix Corporation’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $2.92 million, while revenues fell by -4.11% to $3.92 million. It was predicted that Vuzix Corporation’s quarterly earnings would be -$0.14, but it ended up being -$0.1. EBITDA was -$8.18 million for the quarter. At the end of Vuzix Corporation’s most recent quarter ended June 29, its liabilities totaled 3.97 million, while its total debt was $1.39 million. Equity owned by shareholders amounts to $63.58 million.

Technical Picture

Here’s a quick look at Vuzix Corporation’s (VUZI) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 47.21%, suggesting the stock is Neutral, with a 46.71% historical volatility rate.

The stochastic %K and %D were 68.90% and 64.90% respectively, while the average true range (ATR) was 0.52. Based on the 14-day stochastic reading of 40.52%, the RSI (14) reading is 44.41%. On the 9-day MACD Oscillator, the stock is at 0.39, and the 14-day reading is at 0.47.

Analyst Ratings

Vuzix Corporation (NASDAQ: VUZI) was downgraded by Maxim Group to a a Hold rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned Vuzix Corporation (VUZI) an Overweight rating. VUZI is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 2 others recommend it as a buy.

What is VUZI’s price target for the next 12 months?

The current consensus forecast for the stock is between $25.00 and $30.00, with a median target price of $27.50. In analyzing these forecasts, the average price target given by analysts for Vuzix Corporation (VUZI) is $27.50.

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