The stock of Vuzix Corporation (NASDAQ:VUZI) is a huge mover today! About 197,976 shares traded hands. Vuzix Corporation (NASDAQ:VUZI) has risen 53.92% since April 14, 2016 and is uptrending. It has outperformed by 49.23% the S&P500.
The move comes after 8 months positive chart setup for the $141.36 million company. It was reported on Nov, 16 by Barchart.com. We have $19.60 PT which if reached, will make NASDAQ:VUZI worth $196.49M 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. Chardan Capital Markets maintained it with “Buy” rating and $7.0 target price in Monday, August 17 report. On Thursday, December 10 the stock rating was initiated by H.C. Wainwright with “Buy”. The firm earned “Buy” rating on Monday, September 28 by Chardan Capital Markets. As per Friday, October 28, the company rating was initiated by Maxim Group. Chardan Capital Markets maintained Vuzix Corporation (NASDAQ:VUZI) on Monday, December 14 with “Buy” rating. The firm has “Buy” rating given on Thursday, December 10 by Rodman & Renshaw. Zacks downgraded the shares of VUZI in a report on Friday, August 21 to “Hold” rating.
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 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.
Schwab Charles Invest has 35,500 shares for 0% of their US portfolio. Fincl Bank Of America De last reported 18 shares in the company. Morgan Stanley reported 1,059 shares or 0% of all its holdings. Ladenburg Thalmann Fin Svcs Inc last reported 0% of its portfolio in the stock. Macroview Inv Mgmt Ltd last reported 0% of its portfolio in the stock. Akanthos Cap Mgmt last reported 350,000 shares in the company. Vanguard Gp has 427,756 shares for 0% of their US portfolio. Blackrock Fund Advsr holds 0% of its portfolio in Vuzix Corporation (NASDAQ:VUZI) for 31,372 shares. First Eagle Invest Limited Liability Corporation accumulated 69,933 shares or 0% of the stock. Susquehanna Intll Grp Llp, a Pennsylvania-based fund reported 88,052 shares. Goldman Sachs Gp holds 0% or 13,125 shares in its portfolio. The Germany-based Deutsche Commercial Bank Ag has invested 0% in Vuzix Corporation (NASDAQ:VUZI). Geode Mgmt Ltd Limited Liability Company, a Massachusetts-based fund reported 63,497 shares. Mount Lucas Mgmt Limited Partnership holds 0.01% of its portfolio in Vuzix Corporation (NASDAQ:VUZI) for 8,000 shares. Blackrock Invest Mngmt Ltd Llc accumulated 0% or 2,183 shares.
More 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 the news titled: “Vuzix Corp. (VUZI) Shares Tick Lower Amid Reschedule Q3 Conf. Call” on November 11, 2016. Streetinsider.com‘s news article titled: “Vuzix Corp. (VUZI) Plans to Commence Commercial Shipments of M300 This Month” with publication date: November 07, 2016 was also an interesting one.
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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