Virtuix (NASDAQ:VTIX) Lowered to “Sell” Rating by Wall Street Zen

Virtuix (NASDAQ:VTIX) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

Other equities analysts also recently issued reports about the company. Weiss Ratings assumed coverage on Virtuix in a research report on Monday, April 20th. They set a “sell (e-)” rating on the stock. Zacks Research raised Virtuix to a “hold” rating in a research report on Tuesday, April 14th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Reduce”.

Virtuix Stock Performance

Shares of VTIX stock opened at $3.38 on Friday. The business’s fifty day simple moving average is $4.74. Virtuix has a 12-month low of $3.00 and a 12-month high of $92.74.

Virtuix (NASDAQ:VTIX) last issued its quarterly earnings results on Friday, March 6th. The company reported ($0.09) earnings per share (EPS) for the quarter. The firm had revenue of $0.96 million during the quarter.

Insider Activity

In related news, CEO Jan Roger Goetgeluk sold 112,563 shares of the company’s stock in a transaction on Tuesday, April 21st. The stock was sold at an average price of $6.96, for a total value of $783,438.48. Following the transaction, the chief executive officer directly owned 4,309,689 shares of the company’s stock, valued at $29,995,435.44. This represents a 2.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 500,000 shares of company stock worth $2,593,993 over the last 90 days.

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.