Vuzix Corp (NASDAQ:VUZI) has earned a consensus rating of “Buy” from the six analysts that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $10.50.
A number of equities research analysts have recently commented on the stock. Zacks Investment Research raised shares of Vuzix from a “sell” rating to a “hold” rating in a report on Saturday, October 13th. ValuEngine cut shares of Vuzix from a “buy” rating to a “hold” rating in a report on Monday, July 30th. Finally, Chardan Capital set a $10.00 target price on shares of Vuzix and gave the company a “buy” rating in a report on Friday, August 10th.
Shares of NASDAQ:VUZI opened at $6.49 on Friday. Vuzix has a one year low of $4.55 and a one year high of $11.40. The stock has a market capitalization of $179.64 million, a PE ratio of -6.36 and a beta of 1.01.
Vuzix (NASDAQ:VUZI) last announced its earnings results on Thursday, August 9th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.01). Vuzix had a negative net margin of 318.25% and a negative return on equity of 74.46%. The business had revenue of $2.65 million during the quarter. As a group, sell-side analysts anticipate that Vuzix will post -0.84 EPS for the current fiscal year.
Several large investors have recently made changes to their positions in VUZI. Janney Montgomery Scott LLC raised its holdings in shares of Vuzix by 60.8% in the second quarter. Janney Montgomery Scott LLC now owns 19,300 shares of the company’s stock valued at $144,000 after buying an additional 7,300 shares during the last quarter. Element Capital Management LLC purchased a new position in Vuzix during the first quarter worth about $144,000. Rhumbline Advisers purchased a new position in Vuzix during the second quarter worth about $146,000. Barclays PLC raised its holdings in Vuzix by 355.5% during the first quarter. Barclays PLC now owns 42,156 shares of the company’s stock worth $231,000 after purchasing an additional 32,901 shares in the last quarter. Finally, Belpointe Asset Management LLC purchased a new position in Vuzix during the second quarter worth about $242,000. 19.85% of the stock is owned by institutional investors and hedge funds.
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.
Read More: Earnings Per Share
Receive News & Ratings for Vuzix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vuzix and related companies with MarketBeat.com's FREE daily email newsletter.