News stories about Vuzix (NASDAQ:VUZI) have been trending somewhat positive on Monday, Accern Sentiment reports. The research group identifies negative and positive press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Vuzix earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 45.7771371366608 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Vuzix (NASDAQ VUZI) traded down $0.25 during midday trading on Monday, hitting $8.85. The stock had a trading volume of 665,000 shares, compared to its average volume of 1,263,173. Vuzix has a 1 year low of $4.10 and a 1 year high of $11.40. The company has a market capitalization of $241.50, a P/E ratio of -8.05 and a beta of 0.74.
Several research analysts have recently commented on the company. Zacks Investment Research lowered Vuzix from a “buy” rating to a “hold” rating in a report on Sunday, January 21st. Craig Hallum began coverage on Vuzix in a research note on Monday, January 8th. They set a “buy” rating on the stock. BidaskClub cut Vuzix from a “buy” rating to a “hold” rating in a research note on Tuesday, January 30th. Chardan Capital set a $10.00 price target on Vuzix and gave the stock a “buy” rating in a research note on Monday, January 1st. Finally, Maxim Group increased their target price on Vuzix from $11.00 to $13.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $9.75.
In other Vuzix news, COO Paul A. Boris bought 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 19th. The stock was purchased at an average price of $5.74 per share, for a total transaction of $28,700.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have purchased 10,500 shares of company stock valued at $67,275 in the last quarter. 18.40% of the stock is currently owned by company insiders.
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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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