Vuzix Corporation (NASDAQ:VUZI) finished Wednesday with a subtraction of -$0.16 to close at $4.54, a downside of -3.40 percent. An average of 640,000 shares of common stock have been traded in the last five days. There was a fall of -$0.43 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 705,160 shares traded, while the 50-day average volume stands at 971,484.
VUZI stock has decreased by -13.19% in the last month. The company shares reached their 1-month lowest point of $4.54 on 08/09/23. With the stock rallying to its 52-week high on 07/18/23, shares of the company touched a low of $3.27 and a high of $10.49 in 52 weeks. It has reached a new high 12 times so far this year and achieved 24.73% or $0.90 in price. In spite of this, the price is down -56.72% from the 52-week high.
Valuation Metrics
Vuzix Corporation (VUZI) stock’s beta is 1.96. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 21.97, the price-to-book (PB) ratio at 2.62.
Financial Health
The quick ratio of Vuzix Corporation for the three months ended June 29 was 5.40, and the current ratio was 6.20, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending June 29. Vuzix Corporation’s EBITDA margin for the year ending June 29 is -333.83%. Its gross profit as reported stood at $1.48 million compared to revenue of $11.84 million.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$9.04 million in the quarter, while revenues were shrunk -10.84%. The analyst consensus anticipated Vuzix Corporation’s latest quarter earnings to come in at -$0.17 per share, but it turned out to be -$0.14, a 17.60% surprise. For the quarter, EBITDA amounted to -$8.38 million. Shareholders own equity worth $63.32 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Vuzix Corporation (VUZI) price momentum. RSI 9-day as of the close on 09 August was 28.47%, suggesting the stock is oversold, with historical volatility in this time frame at 36.97%.
As of today, VUZI’s price is $4.77 -8.65% or -$0.43 from its 5-day moving average. VUZI is currently trading -20.63% lower than its 20-day SMA and +13.50% higher than its 100-day SMA. However, the stock’s current price level is +1.79% above the SMA50 and -11.15% below the SMA200.
The stochastic %K and %D were 9.90% and 9.47%, respectively, and the average true range (ATR) was 0.32. With the 14-day stochastic at 0.00% and the average true range at 0.31, the RSI (14) stands at 36.03%. The stock has reached -0.23 on the 9-day MACD Oscillator while the 14-day reading was at -0.32.
Analyst Ratings
Dawson James launched coverage on Vuzix Corporation (NASDAQ: VUZI) in its analyst report released on December 21, 2021. The firm assigned the stock a Buy rating. The consensus rating for Vuzix Corporation (VUZI) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell VUZI, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 3 others rate it as a “buy”.
What is VUZI’s price target for the next 12 months?
Analysts predict a range of price targets between $7.00 and $8.00, with a median target of $8.00. Taking a look at these predictions, the average price target given by analysts for Vuzix Corporation (VUZI) stock is $7.67.
