The stock of Vuzix Corporation (NASDAQ:VUZI) is a huge mover today! The stock decreased 2.85% or $0.26 on September 30, hitting $8.86. About 383,061 shares traded hands. Vuzix Corporation (NASDAQ:VUZI) has risen 55.99% since February 29, 2016 and is uptrending. It has outperformed by 45.56% the S&P500.
The move comes after 7 months negative chart setup for the $158.29M company. It was reported on Oct, 1 by Barchart.com. We have $7.62 PT which if reached, will make NASDAQ:VUZI worth $22.16M less.
Analysts await Vuzix Corporation (NASDAQ:VUZI) to report earnings on November, 10. They expect $-0.16 EPS, up 5.88% or $0.01 from last year’s $-0.17 per share. After $-0.28 actual EPS reported by Vuzix Corporation for the previous quarter, Wall Street now forecasts -42.86% EPS growth.
Vuzix Corporation (NASDAQ:VUZI) Ratings Coverage
Out of 3 analysts covering Vuzix (NASDAQ:VUZI), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Vuzix has been the topic of 6 analyst reports since August 17, 2015 according to StockzIntelligence Inc. The stock of Vuzix Corporation (NASDAQ:VUZI) has “Hold” rating given on Friday, August 21 by Zacks. The rating was initiated by Rodman & Renshaw with “Buy” on Thursday, December 10. As per Monday, December 14, the company rating was maintained by Chardan Capital Markets. H.C. Wainwright initiated Vuzix Corporation (NASDAQ:VUZI) rating on Thursday, December 10. H.C. Wainwright has “Buy” rating and $10 price target. The firm has “Buy” rating given on Monday, August 17 by Chardan Capital Markets. Chardan Capital Markets reinitiated it with “Buy” rating and $7.0 target price in Monday, September 28 report.
According to Zacks Investment Research, “Vuzix Corporation designs, manufactures, and sells display devices that are worn like eyeglasses and feature built-in video screens that enable the user to view video and digital content, such as movies, computer data, the Internet or video games. It produces both monocular and binocular Video Eyewear devices. The Company focuses on consumer markets for gaming and mobile video and on rugged mobile displays for defence and industrial applications. Vuzix Corporation is based in Rochester, New York.”
Insitutional Activity: The institutional sentiment increased to 1.08 in Q2 2016. Its up 0.50, from 0.58 in 2016Q1. The ratio improved, as 6 funds sold all Vuzix Corporation shares owned while 6 reduced positions. 6 funds bought stakes while 7 increased positions. They now own 1.27 million shares or 5.32% more from 1.20 million shares in 2016Q1.
Group Inc One Trading Limited Partnership accumulated 6,211 shares or 0% of the stock. Morgan Stanley accumulated 1,059 shares or 0% of the stock. Ladenburg Thalmann Financial Services Incorporated has 177 shares for 0% of their US portfolio. Moreover, Northern Corp has 0% invested in Vuzix Corporation (NASDAQ:VUZI) for 15,796 shares. The Pennsylvania-based Vanguard has invested 0% in Vuzix Corporation (NASDAQ:VUZI). Peak6 Lp last reported 15,500 shares in the company. Blackrock Institutional Tru Com Na has 0% invested in the company for 110,432 shares. Thompson Davis & Co, a Virginia-based fund reported 6,250 shares. Schwab Charles Inv Mgmt, a California-based fund reported 35,500 shares. Susquehanna Intll Group Inc Llp accumulated 0% or 88,052 shares. First Eagle Investment Ltd Liability Co owns 69,933 shares or 0% of their US portfolio. Mount Lucas Mngmt Limited Partnership has 0.01% invested in the company for 8,000 shares. Blackrock Limited Com last reported 0% of its portfolio in the stock. Blackrock Fund Advsr, a California-based fund reported 31,372 shares. Macroview Investment Mgmt Limited Liability Com has 100 shares for 0% of their US portfolio.
More notable recent Vuzix Corporation (NASDAQ:VUZI) news were published by: Streetinsider.com which released: “Vuzix Corp. (VUZI) Says Nearing Production of M300 Smart Glasses” on September 29, 2016, also Streetinsider.com with their article: “Vuzix Corp. (VUZI) Begins Shipping DVT Units of M300 Smart Glasses” published on September 28, 2016, Usatoday.com published: “Vuzix Corp. sees future in augmented reality” on November 30, 2015. More interesting news about Vuzix Corporation (NASDAQ:VUZI) were released by: Investorplace.com and their article: “Trade of the Day: Vuzix Corporation (NASDAQ:VUZI)” published on August 01, 2016 as well as Streetinsider.com‘s news article titled: “Vuzix Corp. (VUZI) Completes Integration of Valve’s SteamVR” with publication date: August 16, 2016.
VUZI Company Profile
Vuzix Corporation, incorporated on October 16, 1997, is engaged in the design, manufacture, marketing and sale of wearable display devices and smart glasses devices known commercially as Video Eyewear (also referred to as head mounted displays (HMDs), Smart Glasses, wearable displays, video glasses, personal viewers, near-eye virtual displays, and near-eye displays or NEDs). These devices are worn like eyeglasses and feature built-in video screens and in some cases a computer, that enable the user to view and interact with video and digital content, such as movies, computer data, the Internet or video games. The Company’s Video Eyewear products provide virtual large high-resolution screens, fit in a user’s pocket or purse and can be viewed practically anywhere, anytime. The Company’s Video Eyewear are designed to work with mobile electronic devices, such as cell phones, laptop computers, tablets, portable media players and gaming systems.
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