Vuzix Corporation (NASDAQ:VUZI) shares, rose in value on Thursday, April 04, with the stock price up by 12.90% to the previous day’s close as strong demand from buyers drove the stock to $1.40.
Actively observing the price movement in the recent trading, the stock is buoying the session at $1.24. The value of beta (5-year monthly) is 1.90. Referring to stock’s 52-week performance, its high was $6.06, and the low was $1.12. On the whole, VUZI has fluctuated by -6.67% over the past month.
With the market capitalization of Vuzix Corporation currently standing at about $90.62 million, investors are eagerly awaiting this quarter’s results, scheduled for Apr 04, 2024 – Apr 07, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.14, which is expected to increase to -$0.1 for fiscal year -$0.61 and then to about -$0.52 by fiscal year 2024. Data indicates that the EPS growth is expected to be 4.70% in 2024, while the next year’s EPS growth is forecast to be 14.80%.
Analysts have estimated the company’s revenue for the quarter at $2.16 million, with a low estimate of $2.07 million and a high estimate of $2.3 million. According to the average forecast, sales growth in current quarter could jump down -25.50%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2024, the company’s y-o-y revenues would reach $13.21 million, representing an increase of 11.60% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that VUZI’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of VUZI currently trading nearly 4.07% and -8.66% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 50.40, while the 7-day volatility ratio is showing 9.51% which for the 30-day chart, stands at 7.72%. Furthermore, Vuzix Corporation (VUZI)’s beta value is 1.91, and its average true range (ATR) is 0.12.
A comparison of Vuzix Corporation (VUZI) with its peers suggests the former has fared considerably weaker in the market. VUZI showed an intraday change of 12.90% in today’s session so far, and over the past year, it shrunk by -66.02%%.
Data on historical trading for Vuzix Corporation (NASDAQ:VUZI) indicates that the trading volumes over the past 10 days have averaged 0.75 million and over the past 3 months, they’ve averaged 668.48K. According to company’s latest data on outstanding shares, there are 64.73 million shares outstanding.
Nearly 7.45% of Vuzix Corporation’s shares belong to company insiders and institutional investors own 38.81% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 10.43 million shares as on Mar 15, 2024, resulting in a short ratio of 14.72. According to the data, the short interest in Vuzix Corporation (VUZI) stood at 16.12% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 9.98 million. The stock has fallen by -32.85% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the VUZI stock heading into the next quarter.
