Vuzix Corporation [VUZI] Stock trading around $4.62 per share: What’s Next?

Vuzix Corporation [NASDAQ: VUZI] traded at a high on 09/17/20, posting a 9.22 gain after which it closed the day’ session at $4.62. The company report on September 11, 2020 that Vuzix Announces Support for Oculogx’s Omnichannel Fulfillment Product Suite to Support the Growing Trend in E-Commerce Curbside Delivery.

Oculogx’s zero-integration platform has made fulfillment 18% more efficient for one large international grocer.

Vuzix® Corporation (NASDAQ: VUZI), (“Vuzix” or, the “Company”), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, today announced the Company’s M-Series smart glasses now support Oculogx, a provider of omnichannel order fulfillment software designed for increased productivity. Oculogx recently launched its suite of out-of-the-box products that make order fulfillment faster and more accurate. The Oculogx solution is suitable for storefronts, warehouses and retail stores and includes support for wearables to enable hands-free order picking, real-time order management, analytics, and a mobile fulfillment application.

The results of the trading session contributed to over 3785715 shares changing hands. Over the past one week, the price volatility of Vuzix Corporation stands at 9.59% while the volatility over the past one month is 11.42%.

The market cap for VUZI stock reached $203.93 million, with 36.34 million shares outstanding and 34.66 million shares in the current float. Compared to the average trading volume of 2.72M shares, VUZI reached a trading volume of 3785715 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Vuzix Corporation [VUZI]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for VUZI shares is $6.83 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on VUZI stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Alliance Global Partners have made an estimate for Vuzix Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on May 11, 2020. While these analysts kept the previous recommendation, Maxim Group raised their target price to Buy. The new note on the price target was released on October 28, 2016, representing the official price target for Vuzix Corporation stock. Previously, the target price had yet another raise from $7 to $10, while Chardan Capital Markets kept a Buy rating on VUZI stock.

The Average True Range (ATR) for Vuzix Corporation is set at 0.44, with the Price to Sales ratio for VUZI stock in the period of the last 12 months amounting to 26.48. The Price to Book ratio for the last quarter was 6.42, with the Price to Cash per share for the same quarter was set at 0.30.

How has VUZI stock performed recently?

Vuzix Corporation [VUZI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 11.33. With this latest performance, VUZI shares gained by 37.09% in over the last four-week period, additionally plugging by 294.87% over the last 6 months – not to mention a rise of 81.18% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for VUZI stock in for the last two-week period is set at 59.60, with the RSI for the last a single of trading hit 64.17, and the three-weeks RSI is set at 59.44 for Vuzix Corporation [VUZI]. The present Moving Average for the last 50 days of trading for this stock 3.94, while it was recorded at 4.23 for the last single week of trading, and 2.44 for the last 200 days.

Vuzix Corporation [VUZI]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Vuzix Corporation [VUZI] shares currently have an operating margin of -398.26 and a Gross Margin at -102.68. Vuzix Corporation’s Net Margin is presently recorded at -396.91.

Return on Total Capital for VUZI is now -93.55, given the latest momentum, and Return on Invested Capital for the company is -94.11. Return on Equity for this stock declined to -96.81, with Return on Assets sitting at -83.29. When it comes to the capital structure of this company, Vuzix Corporation [VUZI] has a Total Debt to Total Equity ratio set at 8.65. Additionally, VUZI Total Debt to Total Capital is recorded at 7.96, with Total Debt to Total Assets ending up at 7.37. Long-Term Debt to Equity for the company is recorded at 6.48, with the Long-Term Debt to Total Capital now at 5.97.

Reflecting on the efficiency of the workforce at the company, Vuzix Corporation [VUZI] managed to generate an average of -$300,868 per employee. Receivables Turnover for the company is 5.57 with a Total Asset Turnover recorded at a value of 0.21.Vuzix Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 5.90 and a Current Ratio set at 8.10.

Earnings analysis for Vuzix Corporation [VUZI]

With the latest financial reports released by the company, Vuzix Corporation posted -0.18/share EPS, while the average EPS was predicted by analysts to be reported at -0.16/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -12.50%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for VUZI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Vuzix Corporation go to 20.00%.

Insider trade positions for Vuzix Corporation [VUZI]

There are presently around $23 million, or 15.20% of VUZI stock, in the hands of institutional investors. The top three institutional holders of VUZI stocks are: VANGUARD GROUP INC with ownership of 1,150,367, which is approximately -2.544% of the company’s market cap and around 6.50% of the total institutional ownership; TAYLOR FRIGON CAPITAL MANAGEMENT LLC, holding 1,085,906 shares of the stock with an approximate value of $5.02 million in VUZI stocks shares; and BLACKROCK INC., currently with $2.53 million in VUZI stock with ownership of nearly 1.287% of the company’s market capitalization.

Positions in Vuzix Corporation stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 30 institutional holders increased their position in Vuzix Corporation [NASDAQ:VUZI] by around 1,114,940 shares. Additionally, 19 investors decreased positions by around 311,752 shares, while 6 investors held positions by with 3,444,003 shares. The mentioned changes placed institutional holdings at 4,870,695 shares, according to the latest SEC report filing. VUZI stock had 20 new institutional investments in for a total of 924,479 shares, while 10 institutional investors sold positions of 260,038 shares during the same period.

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