Virtuix (NASDAQ:VTIX) Posts Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Virtuix (NASDAQ:VTIX) issued its quarterly earnings data on Thursday. The company reported ($0.39) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.03, Zacks reports.

Virtuix Stock Performance

VTIX opened at $3.13 on Thursday. The stock has a fifty day moving average price of $3.99. Virtuix has a one year low of $3.00 and a one year high of $92.74.

Insider Transactions at Virtuix

In other Virtuix news, CEO Jan Roger Goetgeluk sold 112,563 shares of the business’s stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of $6.96, for a total value of $783,438.48. Following the sale, the chief executive officer directly owned 4,309,689 shares in the company, valued at approximately $29,995,435.44. The trade was a 2.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 500,000 shares of company stock worth $2,593,993 over the last quarter.

Wall Street Analyst Weigh In

VTIX has been the subject of a number of analyst reports. Wall Street Zen lowered Virtuix from a “hold” rating to a “sell” rating in a research report on Saturday, June 6th. Weiss Ratings began coverage on shares of Virtuix in a research report on Monday, April 20th. They issued a “sell (e-)” rating for the company. Maxim Group assumed coverage on shares of Virtuix in a research note on Thursday, June 18th. They set a “buy” rating and a $11.00 target price on the stock. Finally, Zacks Research upgraded shares of Virtuix to a “hold” rating in a research report on Tuesday, April 14th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $11.00.

About Virtuix

Virtuix (NASDAQ:VTIX) is a company that develops and commercializes hardware and software for immersive virtual reality (VR) locomotion and related experiences. Its core focus is on enabling natural movement inside virtual environments through purpose-built platforms and systems that pair motion-control hardware with software integrations for games, training and location-based entertainment.

The company is best known for its Omni family of omnidirectional locomotion platforms, which are designed to allow users to walk, run and maneuver in 360 degrees within a virtual space while remaining stationary in the real world.