Vuzix Corporation [NASDAQ: VUZI] jumped around 0.98 points on Tuesday, while shares priced at $16.57 at the close of the session, up 6.29%. The company report on May 18, 2021 that Vuzix Introduces one of the World’s Tiniest and Most Advanced MicroLED Display-Based Projection Engine at SID 2021, Inclusive of a New Technology Video Overview.
Vuzix® Corporation (NASDAQ: VUZI), (“Vuzix” or, the “Company”), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, announced at the SID/DSCC Business Conference its tiniest, lowest power, most advanced microLED display-based projection engine to be made commercially available throughout the world, along with a new video showcasing it, which can be viewed here. These micro display engines, for which Vuzix partner Jade Bird Display will be supplying the microLEDs panels inside the projection engine, are built to be useful for a number of use cases including view finders, HUDs, athletic eyewear, helmets, language translation pens, pico-projectors, and of course utilized in the most advanced fashionable and ergonomic AR smart glasses currently in development by Vuzix.
These microLED display-based projection engines, which consist of a microLED panel, projection optics and engine assembly, are designed for pairing with a see-through waveguide and the overall engine measures as small as the cubic size of a pencil eraser. “Vuzix waveguides and the miniature size of these new display engines should allow our next generation AR Smart Glasses to have the fashion forward look and feel of normal eyeglasses,” said Paul Travers, President and CEO of Vuzix. “And, as good as they will be for our next generation smart glasses, their size, brightness and low power consumption make them an incredibly attractive solution for so many other product form factors currently being contemplated by various product manufacturers.”.
Vuzix Corporation stock is now 82.49% up from its year-to-date (YTD) trading value. VUZI Stock saw the intraday high of $17.28 and lowest of $15.60 per share. The company’s 52-week high price is 32.43, which means current price is +102.32% above from all time high which was touched on 04/09/21.
Compared to the average trading volume of 8.06M shares, VUZI reached a trading volume of 5366158 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]?
Maxim Group have made an estimate for Vuzix Corporation shares, keeping their opinion on the stock as Hold, with their previous recommendation back on March 16, 2021. While these analysts kept the previous recommendation, BTIG Research raised their target price to Buy. The new note on the price target was released on February 17, 2021, representing the official price target for Vuzix Corporation stock. Previously, the target price had yet another raise from $6.50 to $13, while Maxim Group kept a Buy rating on VUZI stock.
The Average True Range (ATR) for Vuzix Corporation is set at 2.18, with the Price to Sales ratio for VUZI stock in the period of the last 12 months amounting to 72.13. The Price to Book ratio for the last quarter was 6.11, with the Price to Cash per share for the same quarter was set at 2.18.
How has VUZI stock performed recently?
Vuzix Corporation [VUZI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.07. With this latest performance, VUZI shares dropped by -25.19% in over the last four-week period, additionally plugging by 340.69% over the last 6 months – not to mention a rise of 620.43% 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 37.65, with the RSI for the last a single of trading hit 34.50, and the three-weeks RSI is set at 41.46 for Vuzix Corporation [VUZI]. The present Moving Average for the last 50 days of trading for this stock 22.49, while it was recorded at 15.74 for the last single week of trading, and 11.09 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 -164.52 and a Gross Margin at -4.58. Vuzix Corporation’s Net Margin is presently recorded at -155.01.
Return on Total Capital for VUZI is now -50.04, given the latest momentum, and Return on Invested Capital for the company is -47.75. Return on Equity for this stock declined to -49.49, with Return on Assets sitting at -44.37. When it comes to the capital structure of this company, Vuzix Corporation [VUZI] has a Total Debt to Total Equity ratio set at 3.14. Additionally, VUZI Total Debt to Total Capital is recorded at 3.05, with Total Debt to Total Assets ending up at 2.89. Long-Term Debt to Equity for the company is recorded at 2.22, with the Long-Term Debt to Total Capital now at 2.15.
Reflecting on the efficiency of the workforce at the company, Vuzix Corporation [VUZI] managed to generate an average of -$185,074 per employee. Receivables Turnover for the company is 7.69 with a Total Asset Turnover recorded at a value of 0.29.Vuzix Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 38.40 and a Current Ratio set at 40.30.
Earnings analysis for Vuzix Corporation [VUZI]
With the latest financial reports released by the company, Vuzix Corporation posted -0.13/share EPS, while the average EPS was predicted by analysts to be reported at -0.15/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 13.30%. 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 $348 million, or 31.00% of VUZI stock, in the hands of institutional investors. The top three institutional holders of VUZI stocks are: STATE STREET CORP with ownership of 4,679,808, which is approximately -3.228% of the company’s market cap and around 6.93% of the total institutional ownership; MITSUBISHI UFJ KOKUSAI ASSET MANAGEMENT CO., LTD., holding 2,783,343 shares of the stock with an approximate value of $46.12 million in VUZI stocks shares; and VANGUARD GROUP INC, currently with $40.86 million in VUZI stock with ownership of nearly 20.401% of the company’s market capitalization.
Positions in Vuzix Corporation stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 91 institutional holders increased their position in Vuzix Corporation [NASDAQ:VUZI] by around 9,751,832 shares. Additionally, 43 investors decreased positions by around 2,519,729 shares, while 8 investors held positions by with 8,718,606 shares. The mentioned changes placed institutional holdings at 20,990,167 shares, according to the latest SEC report filing. VUZI stock had 59 new institutional investments in for a total of 4,240,080 shares, while 21 institutional investors sold positions of 1,031,846 shares during the same period.