The 36-month beta value for VUZI is also noteworthy at 1.51. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for VUZI is 53.24M, and at present, short sellers hold a 19.13% of that float. The average trading volume of VUZI on October 30, 2024 was 1.10M shares.
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VUZI) stock’s latest price update
Vuzix Corporation (NASDAQ: VUZI) has experienced a decline in its stock price by -10.00 compared to its previous closing price of 1.30. However, the company has seen a fall of -10.00% in its stock price over the last five trading days. prnewswire.com reported 2024-10-28 that ROCHESTER, N.Y., Oct. 28, 2024 /PRNewswire/ — Vuzix® Corporation (NASDAQ: VUZI), (“Vuzix” or, the “Company”), a leading supplier of AI/AR smart glasses, technologies and optical components, is pleased to announce that the Company will be attending and presenting at the ThinkEquity Conference 2024, being held at the Mandarin Oriental Hotel in New York City on October 30, 2024.
VUZI’s Market Performance
Vuzix Corporation (VUZI) has experienced a -10.00% fall in stock performance for the past week, with a 0.00% drop in the past month, and a -4.10% drop in the past quarter. The volatility ratio for the week is 8.48%, and the volatility levels for the past 30 days are at 8.26% for VUZI. The simple moving average for the past 20 days is -9.09% for VUZI’s stock, with a -11.64% simple moving average for the past 200 days.
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 6.13% 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 -67.95% of loss for the given period.
Volatility was left at 8.26%, however, over the last 30 days, the volatility rate increased by 8.48%, as shares surge +5.41% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +27.26% upper at present.
During the last 5 trading sessions, VUZI fell by -10.00%, which changed the moving average for the period of 200-days by -36.41% in comparison to the 20-day moving average, which settled at $1.2870. In addition, Vuzix Corporation saw -43.88% 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 Harned Timothy Heydenreich, who purchase 20,000 shares at the price of $1.31 back on Apr 22 ’24. After this action, Harned Timothy Heydenreich now owns 186,016 shares of Vuzix Corporation, valued at $26,188 using the latest closing price.
Travers Paul J, the President and CEO of Vuzix Corporation, purchase 14,500 shares at $1.25 during a trade that took place back on Apr 22 ’24, which means that Travers Paul J is holding 2,859,670 shares at $18,163 based on the most recent closing price.
Stock Fundamentals for VUZI
Current profitability levels for the company are sitting at:
- -8.28 for the present operating margin
- -1.12 for the gross margin
The net margin for Vuzix Corporation stands at -12.85. The total capital return value is set at -1.47. Equity return is now at value -117.35, with -109.58 for asset returns.
Based on Vuzix Corporation (VUZI), the company’s capital structure generated 0.02 points at debt to capital in total, while cash flow to debt ratio is standing at -38.33. The debt to equity ratio resting at 0.02. The interest coverage ratio of the stock is -77.63.
Currently, EBITDA for the company is -45.42 million with net debt to EBITDA at 0.21. When we switch over and look at the enterprise to sales, we see a ratio of 10.73. The receivables turnover for the company is 1.91for trailing twelve months and the total asset turnover is 0.17. The liquidity ratio also appears to be rather interesting for investors as it stands at 9.53.
Conclusion
In summary, Vuzix Corporation (VUZI) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as 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.
