Shares of Vuzix Corp (NASDAQ:VUZI) have earned an average rating of “Buy” from the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $10.00.
VUZI has been the subject of several research reports. Chardan Capital set a $10.00 target price on Vuzix and gave the company a “buy” rating in a research note on Friday, August 10th. Zacks Investment Research cut Vuzix from a “hold” rating to a “sell” rating in a research note on Thursday, August 16th. ValuEngine raised Vuzix from a “hold” rating to a “buy” rating in a research note on Friday, September 21st. Finally, Maxim Group reaffirmed a “buy” rating on shares of Vuzix in a research note on Friday, November 9th.
Shares of VUZI stock opened at $5.64 on Friday. Vuzix has a fifty-two week low of $4.90 and a fifty-two week high of $11.40. The stock has a market cap of $156.15 million, a P/E ratio of -5.53 and a beta of 1.02.
Vuzix (NASDAQ:VUZI) last announced its earnings results on Thursday, November 8th. The company reported ($0.19) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.20) by $0.01. Vuzix had a negative return on equity of 61.62% and a negative net margin of 287.75%. The business had revenue of $1.92 million during the quarter. On average, equities analysts forecast that Vuzix will post -0.82 EPS for the current fiscal year.
Large investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp boosted its position in shares of Vuzix by 167.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 65,614 shares of the company’s stock valued at $489,000 after purchasing an additional 41,110 shares during the period. BlackRock Inc. boosted its position in shares of Vuzix by 458.4% in the 2nd quarter. BlackRock Inc. now owns 1,580,717 shares of the company’s stock valued at $11,775,000 after purchasing an additional 1,297,633 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of Vuzix by 60.8% in the 2nd quarter. Janney Montgomery Scott LLC now owns 19,300 shares of the company’s stock valued at $144,000 after purchasing an additional 7,300 shares during the period. Rhumbline Advisers acquired a new position in shares of Vuzix in the 2nd quarter valued at $146,000. Finally, PEAK6 Investments L.P. purchased a new stake in Vuzix in the 2nd quarter worth about $381,000. Institutional investors and hedge funds own 20.88% of the company’s stock.
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.
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