The stock of Vuzix Corporation (NASDAQ:VUZI) increased by $0.15 on Friday to finish at $4.57, up 3.39 percent. The last five days have seen an average of 708,800 shares of common stock traded. 12 times new highs were reached in the current year, with a gain of $0.93. The average number of shares traded over the last 20 days was 681,230, while the average volume over the last 50 days totaled 893,990.
VUZI stock dropped -20.10% since last month. On 08/11/23, the company’s shares reached a one-month low of $4.32. The stock touched a high of $10.49 on 07/18/23, after rallying from a low of $3.27 in 52 weeks. The price of VUZI stock has risen by 25.55% or $0.93 this year, reaching a new high 12 times. Still, the stock price is down -56.43% from the 52-week high.
Insider Transactions
VUZI stock investors should be aware that Vuzix Corporation (VUZI) stock had its last reported insider trading activity 90 days ago on May 16. On May 16, Director Harned Timothy Heydenreich acquired 2,500 shares at $3.82 each. This transaction resulted in the insider spending $9,539. On Mar 14, Travers Paul J added 2,557 shares at a price of US$3.87. After the transaction, the insider now owns 2,830,170 shares. President and CEO Travers Paul J had earlier bought 2,600 shares on Mar 13 for $3.83 a share. The transaction was completed for $9,958.
Valuation Metrics
Beta for the stock is 1.97. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 18.38, the price-to-book (PB) ratio of 2.79.
Financial Health
As far as profitability goes, gross margin for the trailing twelve months is 17.00% percent. Based on annual data, it had gross profit of $1.48 million and revenue of $11.84 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 -31.40%. There was a -36.20% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -34.70%.
Earnings Surprise
According to Vuzix Corporation’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $4.69 million, while revenues rose by 35.82% to $4.19 million. It was predicted that Vuzix Corporation’s quarterly earnings would be -$0.14, but it ended up being -$0.17, beating the consensus by 17.60%. EBITDA was -$8.38 million for the quarter. At the end of Vuzix Corporation’s most recent quarter ended June 29, its liabilities totaled 7.02 million, while its total debt was $0.63 million. Equity owned by shareholders amounts to $63.32 million.
Technical Picture
Here’s a quick look at Vuzix Corporation’s (VUZI) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 34.82%, suggesting the stock is Neutral, with a 44.27% historical volatility rate.
The stochastic %K and %D were 15.87% and 12.66% respectively, while the average true range (ATR) was 0.31. Based on the 14-day stochastic reading of 24.75%, the RSI (14) reading is 38.90%. On the 9-day MACD Oscillator, the stock is at -0.26, and the 14-day reading is at -0.41.
Analyst Ratings
In its analyst report released on December 21, 2021, Dawson James began covering Vuzix Corporation (NASDAQ: VUZI). The stock was rated as a Buy by the brokerage firm. 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 3 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 $7.00 and $8.00, with a median target price of $8.00. In analyzing these forecasts, the average price target given by analysts for Vuzix Corporation (VUZI) is $7.67.
