Vuzix (NASDAQ:VUZI) has been given a $10.00 price target by research analysts at Chardan Capital in a research report issued to clients and investors on Monday, January 1st. The firm currently has a “buy” rating on the stock. Chardan Capital’s price objective would suggest a potential upside of 22.70% from the company’s current price.
Other research analysts have also issued research reports about the company. Zacks Investment Research raised Vuzix from a “sell” rating to a “hold” rating in a research report on Tuesday, December 19th. Maxim Group reaffirmed a “buy” rating and set a $11.00 price target on shares of Vuzix in a research report on Wednesday, September 6th.
Vuzix (VUZI) opened at $8.15 on Monday. The company has a market capitalization of $207.51, a P/E ratio of -7.41 and a beta of 1.16. Vuzix has a 52-week low of $4.10 and a 52-week high of $9.55.
Vuzix (NASDAQ:VUZI) last released its quarterly earnings results on Thursday, November 9th. The company reported ($0.28) EPS for the quarter. Vuzix had a negative net margin of 440.45% and a negative return on equity of 134.55%. equities analysts predict that Vuzix will post -0.89 earnings per share for the current year.
In other news, COO Paul A. Boris bought 5,000 shares of the firm’s stock in a transaction dated Tuesday, December 19th. The stock was purchased at an average price of $5.74 per share, with a total value of $28,700.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Edward William Jr. Kay bought 10,000 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was purchased at an average cost of $5.95 per share, with a total value of $59,500.00. The disclosure for this purchase can be found here. Insiders bought a total of 20,000 shares of company stock valued at $115,850 in the last three months. Corporate insiders own 18.40% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the stock. GSA Capital Partners LLP increased its position in Vuzix by 261.3% during the 2nd quarter. GSA Capital Partners LLP now owns 38,300 shares of the company’s stock valued at $251,000 after buying an additional 27,700 shares in the last quarter. ETF Managers Group LLC bought a new position in Vuzix during the 2nd quarter valued at approximately $236,000. Finally, Vanguard Group Inc. increased its position in Vuzix by 15.0% during the 2nd quarter. Vanguard Group Inc. now owns 646,120 shares of the company’s stock valued at $4,232,000 after buying an additional 84,127 shares in the last quarter. 7.92% of the stock is owned by institutional investors.
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Vuzix Corporation designs, manufactures, markets, and sells wearable display devices in the United States and internationally. The companys products are worn like eyeglasses that enable the user to view video and digital content, such as movies, computer data, the Internet, or video games. Its products include binocular wearable displays that contain two micro displays mounted in a frame attached to eyeglass-style temples or stereo headphones; monocular smart glasses products for the enterprise, industrial, and commercial markets, as well as video headphones; augmented reality products, which provide the user a live, direct or indirect, view of a physical, and real-world environment; and video viewing glasses as mobile displays for entertainment and gaming for on-the-go users, as well as support for stepping into virtual worlds, simulations, and virtual reality gaming.
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