The stock of Vuzix Corporation (NASDAQ:VUZI) is a huge mover today! About 140,288 shares traded hands. Vuzix Corporation (NASDAQ:VUZI) has risen 5.41% since April 5, 2016 and is uptrending. It has outperformed by 3.45% the S&P500.
The move comes after 7 months positive chart setup for the $101.53M company. It was reported on Nov, 7 by Barchart.com. We have $18.27 PT which if reached, will make NASDAQ:VUZI worth $192.91 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 stock has “Buy” rating given by Chardan Capital Markets on Monday, August 17. The rating was initiated by H.C. Wainwright on Thursday, December 10 with “Buy”. The firm has “Hold” rating by Zacks given on Friday, August 21. Chardan Capital Markets reinitiated the shares of VUZI in a report on Monday, September 28 with “Buy” rating. The firm has “Buy” rating given on Thursday, December 10 by Rodman & Renshaw. The stock of Vuzix Corporation (NASDAQ:VUZI) has “Buy” rating given on Friday, October 28 by Maxim Group. The firm earned “Buy” rating on Monday, December 14 by Chardan Capital Markets.
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 increased, 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, Blackrock Fund Advisors has 0% invested in Vuzix Corporation (NASDAQ:VUZI) for 31,372 shares. The Illinois-based Peak6 Invs L P has invested 0% in Vuzix Corporation (NASDAQ:VUZI). Schwab Charles Investment Mngmt accumulated 35,500 shares or 0% of the stock. Northern has 15,796 shares for 0% of their US portfolio. Moreover, Geode Capital Llc has 0% invested in Vuzix Corporation (NASDAQ:VUZI) for 63,497 shares. Susquehanna Llp reported 88,052 shares or 0% of all its holdings. Goldman Sachs Gp Incorporated accumulated 0% or 13,125 shares. Tower Rech Capital (Trc) accumulated 0% or 253 shares. Ladenburg Thalmann Fincl Service holds 0% of its portfolio in Vuzix Corporation (NASDAQ:VUZI) for 177 shares. Royal Bank Of Canada reported 600 shares or 0% of all its holdings. Moreover, Vanguard Gp has 0% invested in Vuzix Corporation (NASDAQ:VUZI) for 427,756 shares. Mount Lucas Ltd Partnership accumulated 0.01% or 8,000 shares. Thompson Davis Co has 6,250 shares for 0.08% of their US portfolio. First Eagle Inv Management Ltd owns 69,933 shares or 0% of their US portfolio. The North Carolina-based Atria Invests Ltd has invested 0.01% in Vuzix Corporation (NASDAQ:VUZI).
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) Begins Shipping DVT Units of M300 Smart Glasses” on September 28, 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), 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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