Vuzix (NASDAQ:VUZI) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.
VUZI has been the subject of several other reports. Maxim Group reduced their target price on Vuzix from $13.00 to $11.00 and set a “buy” rating for the company in a research note on Tuesday, March 20th. Craig Hallum started coverage on Vuzix in a research note on Monday, January 8th. They set a “buy” rating for the company. BidaskClub downgraded Vuzix from a “buy” rating to a “hold” rating in a research note on Tuesday, January 30th. Zacks Investment Research downgraded Vuzix from a “buy” rating to a “hold” rating in a research note on Sunday, January 21st. Finally, Chardan Capital set a $10.00 target price on Vuzix and gave the stock a “buy” rating in a research note on Monday, January 1st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. Vuzix currently has an average rating of “Hold” and a consensus price target of $9.08.
Shares of NASDAQ:VUZI opened at $6.60 on Tuesday. Vuzix has a 12-month low of $4.10 and a 12-month high of $11.40. The company has a market capitalization of $165.17, a price-to-earnings ratio of -6.47 and a beta of 1.22.
Vuzix (NASDAQ:VUZI) last announced its quarterly earnings results on Friday, March 16th. The company reported ($0.29) earnings per share (EPS) for the quarter. Vuzix had a negative net margin of 354.51% and a negative return on equity of 123.93%. The company had revenue of $1.60 million during the quarter. equities research analysts predict that Vuzix will post -0.71 EPS for the current fiscal year.
In other news, CFO Grant Russell acquired 5,000 shares of Vuzix stock in a transaction that occurred on Thursday, March 22nd. The stock was purchased at an average cost of $6.10 per share, with a total value of $30,500.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders have bought 11,252 shares of company stock valued at $73,985. Corporate insiders own 18.40% of the company’s stock.
A hedge fund recently bought a new stake in Vuzix stock. Raymond James & Associates acquired a new stake in Vuzix (NASDAQ:VUZI) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 28,615 shares of the company’s stock, valued at approximately $179,000. Raymond James & Associates owned about 0.10% of Vuzix as of its most recent filing with the SEC. 8.07% of the stock is owned by institutional investors and hedge funds.
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Vuzix Corporation designs, manufactures, markets, and sells wearable display devices in the United States and internationally. Its wearable display products include augmented reality (AR) smart glasses for various enterprise and commercial users and applications; and video viewing glasses for on-the-go users as mobile displays for entertainment and gaming.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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