According to Zacks, “Vuzix is a supplier of Smart-Glasses and Augmented Reality (AR) technologies and products for the consumer and enterprise markets. The Company’s products include personal display and wearable computing devices that offer users a portable high-quality viewing experience, provide solutions for mobility, wearable displays and virtual and augmented reality. “
Separately, Chardan Capital reissued a buy rating and issued a $10.00 price target on shares of Vuzix in a research report on Tuesday, July 2nd.
Shares of VUZI opened at $2.37 on Friday. Vuzix has a 1-year low of $1.77 and a 1-year high of $8.10. The stock has a market capitalization of $65.42 million, a PE ratio of -2.79 and a beta of 1.48. The company has a current ratio of 5.50, a quick ratio of 3.23 and a debt-to-equity ratio of 0.01. The company has a fifty day moving average of $3.22.
Vuzix (NASDAQ:VUZI) last announced its quarterly earnings results on Thursday, May 9th. The company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.05). Vuzix had a negative net margin of 288.62% and a negative return on equity of 68.94%. The company had revenue of $1.37 million during the quarter. On average, analysts anticipate that Vuzix will post -0.69 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently made changes to their positions in VUZI. Taylor Frigon Capital Management LLC raised its holdings in Vuzix by 32.8% during the first quarter. Taylor Frigon Capital Management LLC now owns 471,426 shares of the company’s stock worth $1,443,000 after purchasing an additional 116,335 shares in the last quarter. Bank of Montreal Can raised its holdings in Vuzix by 16,307.6% during the first quarter. Bank of Montreal Can now owns 54,309 shares of the company’s stock worth $166,000 after purchasing an additional 53,978 shares in the last quarter. Worth Venture Partners LLC raised its holdings in Vuzix by 100.0% during the fourth quarter. Worth Venture Partners LLC now owns 200,000 shares of the company’s stock worth $961,000 after purchasing an additional 100,000 shares in the last quarter. B. Riley Wealth Management Inc. purchased a new position in Vuzix during the first quarter worth about $35,000. Finally, Rhumbline Advisers raised its holdings in Vuzix by 51.3% during the fourth quarter. Rhumbline Advisers now owns 29,595 shares of the company’s stock worth $142,000 after purchasing an additional 10,029 shares in the last quarter. 21.90% of the stock is owned by hedge funds and other institutional investors.
Vuzix Corporation designs, manufactures, markets, and sells augmented reality (AR) wearable display devices in North America, the Asia-Pacific, Europe, and internationally. The company offers its products in the form of smart glasses and AR glasses. Its products include monocular smart glasses for enterprise, industrial, commercial, and medical markets; and blade smart sunglasses for applications ranging from basic text messaging and answering the phone to overlaying mapping directions, menus, weather, events, stock quotes, video conferencing, sports updates, social feeds, bio-metrics, and others.
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