Vuzix Corporation (NASDAQ:VUZI) traded at $1.71 at close of the session on current trade day and made an upward move of 31.54% on its previous day’s price.
Looking at the stock we see that its previous close was $1.30 and the beta (5Y monthly) reads 1.509 with the day’s price range being $1.27 – $1.72. In terms of its 52-week price range, VUZI has a high of $2.50 and a low of $0.83. The company’s stock has gained about 27.61% over that past 30 days.
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Vuzix Corporation has a market cap of $165.58 million and is expected to release its quarterly earnings report in December.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 1.52M, with a low of 1.52M and a high of 1.52M. The median projection represents growth squeezing down to 42.93% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 6.01M, or -50.47% down from figures reported last year.
On the other hand, looking at the outlook for the VUZI stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of Hold.
Based on estimates by 1 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the Vuzix Corporation (VUZI) stock as a Hold, while 1 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is 46.70% off its SMA20 and 43.91% from its 50-day simple moving average. The RSI (14) is pointing at 73.14 while the volatility over the past week is 19.70% and jumps to 11.08% over the past one month. The beta value is 1.52, while the average true range (ATR) is currently pointing at 0.14. The average price target for the stock over the next 12 months is $3, with the estimates having a low of $3 and a high of $3. These price ends are -75.44% and -75.44% off the current price level respectively, although investors could be excited at the prospect of a -75.44% if the VUZI share price touches on the median price of $3.
Coming back to Vuzix Corporation (NASDAQ:VUZI), we note that the average 3-month trading volume was 1.10 million, while that of the preceding 10-day period stands at 1.4 million. Current shares outstanding are 64.73 million.
The insiders hold 17.29% of the company’s shares while institutions hold 12.75%. The data shows that short shares as of 2024-10-31, stood at 11.04 million at a short ratio of 12.66. This represents a 1605.00 short interest in shares outstanding on 2024-10-31. Shares short rose in October from the previous month at 9.28 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -17.99% down in year-to-date price movement.
