Live Stock Coverage: After Today’s Huge Increase, Is Vuzix Corporation’s Near-Term Analysis Positive?

Live Stock Coverage: After Today's Huge Increase, Is Vuzix Corporation's Near Term Analysis Positive?

The stock of Vuzix Corporation (NASDAQ:VUZI) is a huge mover today! The stock increased 4.29% or $0.3 on October 31, hitting $7.3. About 257,382 shares traded hands. Vuzix Corporation (NASDAQ:VUZI) has risen 16.28% since March 29, 2016 and is uptrending. It has outperformed by 12.80% the S&P500.
The move comes after 6 months positive chart setup for the $121.49M company. It was reported on Oct, 31 by Barchart.com. We have $15.55 PT which if reached, will make NASDAQ:VUZI worth $137.28 million more.

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 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 has “Buy” rating by Chardan Capital Markets given on Monday, December 14. The firm has “Buy” rating given on Friday, October 28 by Maxim Group. The rating was reinitiated by Chardan Capital Markets with “Buy” on Monday, September 28. The rating was downgraded by Zacks on Friday, August 21 to “Hold”. The rating was initiated by Rodman & Renshaw with “Buy” on Thursday, December 10. The stock of Vuzix Corporation (NASDAQ:VUZI) earned “Buy” rating by H.C. Wainwright on Thursday, December 10. The firm has “Buy” rating by Chardan Capital Markets given on Monday, August 17.

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 2016 Q2. Its up 0.50, from 0.58 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.
Moreover, Goldman Sachs Gp has 0% invested in Vuzix Corporation (NASDAQ:VUZI) for 13,125 shares. Mount Lucas Management L P has invested 0.01% of its portfolio in Vuzix Corporation (NASDAQ:VUZI). Peak6 Invests Limited Partnership reported 15,500 shares or 0% of all its holdings. Northern Trust Corp last reported 15,796 shares in the company. Moreover, Ladenburg Thalmann has 0% invested in Vuzix Corporation (NASDAQ:VUZI) for 177 shares. Geode Mngmt Limited holds 0% of its portfolio in Vuzix Corporation (NASDAQ:VUZI) for 63,497 shares. National Bank Of America Corp De has invested 0% of its portfolio in Vuzix Corporation (NASDAQ:VUZI). Morgan Stanley accumulated 1,059 shares or 0% of the stock. Akanthos Cap Mngmt Ltd Co holds 350,000 shares or 2.39% of its portfolio. Tower Research Cap Limited Liability (Trc) last reported 0% of its portfolio in the stock. Blackrock Investment Mgmt Limited Liability Co accumulated 0% or 2,183 shares. Atria Limited Liability reported 19,645 shares or 0.01% of all its holdings. Deutsche Natl Bank Ag accumulated 0% or 1,515 shares. First Eagle Inv Ltd Limited Liability Company has 0% invested in the company for 69,933 shares. Schwab Charles Invest Management, a California-based fund reported 35,500 shares.

More notable recent Vuzix Corporation (NASDAQ:VUZI) news were published by: Usatoday.com which released: “Vuzix Corp. sees future in augmented reality” on November 30, 2015, also Streetinsider.com with their article: “Vuzix Corp. (VUZI) Updates on Recent Additions to M300 Smart Glasses VIP Program” published on October 25, 2016, Streetinsider.com published: “Vuzix Corp. (VUZI), Austria’s ANYLINE Enter Mobile OCR Reading Partnership” on October 18, 2016. More interesting news about Vuzix Corporation (NASDAQ:VUZI) were released by: Streetinsider.com and their article: “Vuzix Corp. (VUZI) Adds Four Partners to VIP Program” published on October 13, 2016 as well as Streetinsider.com‘s news article titled: “Vuzix Corp. (VUZI) Begins Shipping DVT Units of M300 Smart Glasses” with publication date: September 28, 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment