Worth Watching: Could Vuzix Corporation Change Direction After Today’s Big Decline?

Worth Watching: Could Vuzix Corporation Change Direction After Today's Big Decline?

The stock of Vuzix Corporation (NASDAQ:VUZI) is a huge mover today! The stock decreased 10.69% or $0.7 on November 4, hitting $5.85. About 535,691 shares traded hands or 88.45% up from the average. Vuzix Corporation (NASDAQ:VUZI) has risen 16.34% since April 4, 2016 and is uptrending. It has outperformed by 15.25% the S&P500.
The move comes after 5 months negative chart setup for the $113.68 million company. It was reported on Nov, 4 by Barchart.com. We have $5.03 PT which if reached, will make NASDAQ:VUZI worth $15.92 million less.

Analysts await Vuzix Corporation (NASDAQ:VUZI) to report earnings on November, 10. They expect $-0.16 earnings per share, up 5.88% or $0.01 from last year’s $-0.17 per share. After $-0.28 actual earnings per share 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. On Thursday, December 10 the stock rating was initiated by Rodman & Renshaw with “Buy”. Maxim Group initiated Vuzix Corporation (NASDAQ:VUZI) rating on Friday, October 28. Maxim Group has “Buy” rating and $11 price target. The stock has “Buy” rating given by Chardan Capital Markets on Monday, September 28. Chardan Capital Markets maintained Vuzix Corporation (NASDAQ:VUZI) on Monday, December 14 with “Buy” rating. The rating was downgraded by Zacks on Friday, August 21 to “Hold”. The firm has “Buy” rating by Chardan Capital Markets given on Monday, August 17. H.C. Wainwright initiated the stock with “Buy” rating in Thursday, December 10 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.
Vanguard Inc holds 0% of its portfolio in Vuzix Corporation (NASDAQ:VUZI) for 427,756 shares. Ladenburg Thalmann Fincl Ser Inc last reported 0% of its portfolio in the stock. Geode Cap Mgmt Ltd Company has 0% invested in the company for 63,497 shares. Deutsche Retail Bank Ag holds 1,515 shares or 0% of its portfolio. Susquehanna Gru Ltd Liability Partnership holds 0% or 88,052 shares in its portfolio. Akanthos Capital Management Ltd Liability owns 350,000 shares or 2.39% of their US portfolio. Tower Research Limited Liability Corp (Trc) last reported 0% of its portfolio in the stock. Blackrock Institutional Company Na has 110,432 shares for 0% of their US portfolio. Royal National Bank Of Canada has invested 0% of its portfolio in Vuzix Corporation (NASDAQ:VUZI). Bancorp Of America De holds 0% or 18 shares in its portfolio. First Eagle Mngmt Ltd Co holds 69,933 shares or 0% of its portfolio. Northern Tru has invested 0% of its portfolio in Vuzix Corporation (NASDAQ:VUZI). Moreover, Schwab Charles Investment Management has 0% invested in Vuzix Corporation (NASDAQ:VUZI) for 35,500 shares. Macroview Invest Mngmt Ltd Liability Co holds 100 shares or 0% of its portfolio. Atria Ltd last reported 19,645 shares in the company.

More important 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 published article titled: “Vuzix Corp. (VUZI) Adds Four Partners to VIP Program”, Streetinsider.com published: “Vuzix Corp. (VUZI) Begins Shipping DVT Units of M300 Smart Glasses” on September 28, 2016. More interesting news about Vuzix Corporation (NASDAQ:VUZI) was released by: Streetinsider.com and their article: “Vuzix Corp. (VUZI), Austria’s ANYLINE Enter Mobile OCR Reading Partnership” with publication date: October 18, 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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