Price Don’t Lie: Does Vuzix Corporation Have Any Gas After Today’s Significant Increase?

Price Don't Lie: Does Vuzix Corporation Have Any Gas After Today's Significant Increase?

The stock of Vuzix Corporation (NASDAQ:VUZI) is a huge mover today! About 307,939 shares traded hands. Vuzix Corporation (NASDAQ:VUZI) has risen 46.65% since April 20, 2016 and is uptrending. It has outperformed by 42.10% the S&P500.
The move comes after 5 months positive chart setup for the $130.83 million company. It was reported on Nov, 22 by Barchart.com. We have $8.54 PT which if reached, will make NASDAQ:VUZI worth $10.47M more.

Vuzix Corporation (NASDAQ:VUZI) Ratings Coverage

Out of 4 analysts covering Vuzix (NASDAQ:VUZI), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Vuzix has been the topic of 7 analyst reports since August 17, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Thursday, December 10 by Rodman & Renshaw. As per Monday, August 17, 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. Maxim Group initiated it with “Buy” rating and $11 target price in Friday, October 28 report. On Monday, September 28 the stock rating was reinitiated by Chardan Capital Markets with “Buy”. Chardan Capital Markets maintained Vuzix Corporation (NASDAQ:VUZI) on Monday, December 14 with “Buy” rating. The company was downgraded on Friday, August 21 by Zacks.

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 2.38 in Q2 2016. Its up 1.30, from 1.08 in 2016Q1. The ratio is positive, 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.
Mount Lucas Management L P holds 0.01% or 8,000 shares in its portfolio. The Massachusetts-based Geode Mngmt Lc has invested 0% in Vuzix Corporation (NASDAQ:VUZI). The California-based Akanthos Capital Mgmt Limited Liability Company has invested 2.39% in Vuzix Corporation (NASDAQ:VUZI). Atria Lc holds 0.01% or 19,645 shares in its portfolio. Macroview Investment Mgmt Lc, a Maryland-based fund reported 100 shares. Blackrock Fund Advsr holds 0% or 31,372 shares in its portfolio. Morgan Stanley last reported 1,059 shares in the company. Group Incorporated One Trading Limited Partnership last reported 0% of its portfolio in the stock. Bancorp Of America Corp De has 18 shares for 0% of their US portfolio. Northern Trust Corp has 0% invested in the company for 15,796 shares. Ladenburg Thalmann Financial Svcs, a Florida-based fund reported 177 shares. Schwab Charles Inv Management Incorporated last reported 35,500 shares in the company. Tower Research Cap Ltd Llc (Trc) holds 0% or 253 shares in its portfolio. Deutsche Bancorporation Ag holds 0% or 1,515 shares in its portfolio. Susquehanna Group Incorporated Llp has invested 0% of its portfolio in Vuzix Corporation (NASDAQ:VUZI).

Another recent and important Vuzix Corporation (NASDAQ:VUZI) news was published by Streetinsider.com which published an article titled: “Vuzix Corp. (VUZI) Says Intel (INTC) No Longer Plans to Pursue Strategic …” on November 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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