Vuzix Corporation (NASDAQ: VUZI) on Friday, plunged -10.87% from the previous trading day, before settling in for the closing price of $1.38. Within the past 52 weeks, VUZI’s price has moved between $1.12 and $6.06.
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The company achieved an average annual earnings per share of 19.33%. With a float of $59.90 million, this company’s outstanding shares have now reached $64.73 million.
Vuzix Corporation (VUZI) Insider Updates
Observing investor behavior towards Consumer Electronics industry stocks is more important than anything else. The insider ownership of Vuzix Corporation is 7.45%, while institutional ownership is 38.81%. The most recent insider transaction that took place on Nov 15 ’23, was worth 19,274. In this transaction President and CEO of this company bought 7,500 shares at a rate of $2.57, taking the stock ownership to the 2,837,670 shares. Before that another transaction happened on Aug 16 ’23, when Company’s Director bought 10,000 for $4.23, making the entire transaction worth $42,300. This insider now owns 206,843 shares in total.
Vuzix Corporation (VUZI) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.35 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 19.33% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 20.00% during the next five years compared to 8.91% growth over the previous five years of trading.
Vuzix Corporation (NASDAQ: VUZI) Trading Performance Indicators
Vuzix Corporation (VUZI) is currently performing well based on its current performance indicators. A quick ratio of 9.27 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.70.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.65, a number that is poised to hit -0.12 in the next quarter
Technical Analysis of Vuzix Corporation (VUZI)
Let’s dig in a bit further. During the last 5-days, its volume was 0.92 million. That was better than the volume of 0.71 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 40.88%. Additionally, its Average True Range was 0.13.
During the past 100 days, Vuzix Corporation’s (VUZI) raw stochastic average was set at 7.97%, which indicates a significant decrease from 20.75% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 110.40% in the past 14 days, which was higher than the 72.32% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.4905, while its 200-day Moving Average is $2.8977. However, in the short run, Vuzix Corporation’s stock first resistance to watch stands at $1.3433. Second resistance stands at $1.4567. The third major resistance level sits at $1.5233. If the price goes on to break the first support level at $1.1633, it is likely to go to the next support level at $1.0967. Assuming the price breaks the second support level, the third support level stands at $0.9833.
Vuzix Corporation (NASDAQ: VUZI) Key Stats
Market capitalization of the company is 79.62 million based on 64,725K outstanding shares. Right now, sales total 11,840 K and income totals -40,760 K. The company made 2,180 K in profit during its latest quarter, and -10,980 K in sales during its previous quarter.
