The stock of Vuzix Corporation (VUZI) has seen a 8.65% increase in the past week, with a -3.67% drop in the past month, and a -29.51% decrease in the past quarter. The volatility ratio for the week is 9.51%, and the volatility levels for the past 30 days are at 7.72% for VUZI. The simple moving average for the last 20 days is 7.41% for VUZI’s stock, with a simple moving average of -52.27% for the last 200 days.
Is It Worth Investing in Vuzix Corporation (NASDAQ: VUZI) Right Now?
The 36-month beta value for VUZI is at 1.91. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for VUZI is 59.90M, and currently, shorts hold a 17.41% of that float. The average trading volume for VUZI on April 04, 2024 was 668.48K shares.
VUZI) stock’s latest price update
Vuzix Corporation (NASDAQ: VUZI)’s stock price has soared by 16.53 in relation to previous closing price of 1.24. Nevertheless, the company has seen a gain of 8.65% in its stock price over the last five trading days. PRNewsWire reported 2024-03-27 that ROCHESTER, N.Y., March 27, 2024 /PRNewswire/ — Vuzix® Corporation (NASDAQ: VUZI), (“Vuzix” or, the “Company”), a leading supplier of smart glasses and Augmented Reality (AR) technology and products, today announced that due to the expanded nature of the audit for 2023 regarding certain transactions and time required to complete it, the Company plans to file a Form 12b-25, Notification of Late Filing, with the U.S. Securities and Exchange Commission that allows for a 15-day grace period for the filing of its Form 10-K.
Analysts’ Opinion of VUZI
Dawson James, on the other hand, stated in their research note that they expect to see VUZI reach a price target of $15. The rating they have provided for VUZI stocks is “Buy” according to the report published on December 21st, 2021.
VUZI Trading at -5.72% from the 50-Day Moving Average
After a stumble in the market that brought VUZI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -76.16% of loss for the given period.
Volatility was left at 7.72%, however, over the last 30 days, the volatility rate increased by 9.51%, as shares sank -7.47% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -20.39% lower at present.
During the last 5 trading sessions, VUZI rose by +7.14%, which changed the moving average for the period of 200-days by -72.65% in comparison to the 20-day moving average, which settled at $1.3395. In addition, Vuzix Corporation saw -30.70% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at VUZI starting from Travers Paul J, who purchase 7,500 shares at the price of $2.57 back on Nov 15 ’23. After this action, Travers Paul J now owns 2,837,670 shares of Vuzix Corporation, valued at $19,274 using the latest closing price.
Kay Edward William Jr., the Director of Vuzix Corporation, purchase 10,000 shares at $4.23 during a trade that took place back on Aug 16 ’23, which means that Kay Edward William Jr. is holding 206,843 shares at $42,300 based on the most recent closing price.
Stock Fundamentals for VUZI
Current profitability levels for the company are sitting at:
- -3.14 for the present operating margin
- 0.11 for the gross margin
The net margin for Vuzix Corporation stands at -2.72. The total capital return value is set at -0.46. Equity return is now at value -37.08, with -34.23 for asset returns.
Based on Vuzix Corporation (VUZI), the company’s capital structure generated 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at -57.5. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is 18.7.
Currently, EBITDA for the company is -40.18 million with net debt to EBITDA at 0.91. When we switch over and look at the enterprise to sales, we see a ratio of 3.94. The receivables turnover for the company is 1.89for trailing twelve months and the total asset turnover is 0.14. The liquidity ratio also appears to be rather interesting for investors as it stands at 11.59.
Conclusion
In conclusion, Vuzix Corporation (VUZI) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
