In yesterday’s Wall Street session, Vuzix Corporation (NASDAQ:VUZI) shares traded at $1.56, up 0.65% from the previous session.
VUZI stock price is now 16.04% away from the 50-day moving average and -33.39% away from the 200-day moving average. The market capitalization of the company currently stands at $100.98M.
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On December 21, 2021, Dawson James recently initiated its ‘Buy’ rating on the stock quoting a target price of $15, while ‘Maxim Group’ rates the stock as ‘Hold’
In other news, Harned Timothy Heydenreich, Director bought 20,000 shares of the company’s stock on Apr 22 ’24. The stock was bought for $26,188 at an average price of $1.31. Upon completion of the transaction, the Director now directly owns 186,016 shares in the company, valued at $0.29 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 22 ’24, President and CEO Travers Paul J bought 14,500 shares of the business’s stock. A total of $18,163 was incurred on buying the stock at an average price of $1.25. This leaves the insider owning 2,859,670 shares of the company worth $4.46 million. A total of 7.36% of the company’s stock is owned by insiders.
During the past 12 months, Vuzix Corporation has had a low of $1.10 and a high of $6.06. As of last week, the company has a debt-to-equity ratio of 0.01, a current ratio of 9.41, and a quick ratio of 6.48. The fifty day moving average price for VUZI is $1.3502 and a two-hundred day moving average price translates $2.3274 for the stock.
The latest earnings results from Vuzix Corporation (NASDAQ: VUZI) was released for 2024-03-31. According to the Consumer Electronics Company, earnings per share came in at -0.14, beating analysts’ expectations of -0.17 by 0.03. This compares to -$0.16 EPS in the same period last year. The net profit margin was -502.49% and return on equity was -54.74% for VUZI. The company reported revenue of $2.0 million for the quarter, compared to $4.19 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -52.18 percent. For the current quarter, analysts expect VUZI to generate $2.55M in revenue.
