Can Vuzix Corporation’s (VUZI) hike of 28.94% in a week be considered a lucky break?

Vuzix Corporation (NASDAQ: VUZI) kicked off on Monday, up 11.39% from the previous trading day, before settling in for the closing price of $3.16. Over the past 52 weeks, VUZI has traded in a range of $0.83-$3.63.

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Annual sales at Technology sector company grew by 12.42% over the past five years. While this was happening, its average annual earnings per share was recorded -26.58%. With a float of $60.89 million, this company’s outstanding shares have now reached $73.62 million.

Let’s look at the performance matrix of the company that is accounted for 94 employees. In terms of profitability, gross margin is -105.64%, operating margin of -1451.14%, and the pretax margin is -1437.4%.

Vuzix Corporation (VUZI) Insider and Institutional Ownership

Our next focus will be how large-scale investors are participating in this stock of the Consumer Electronics Industry. The insider ownership of Vuzix Corporation is 17.29%, while institutional ownership is 12.72%. The most recent insider transaction that took place on Apr 22 ’24, was worth 26,188. In this transaction Director of this company bought 20,000 shares at a rate of $1.31, taking the stock ownership to the 186,016 shares. Before that another transaction happened on Apr 22 ’24, when Company’s President and CEO bought 14,500 for $1.25, making the entire transaction worth $18,163. This insider now owns 2,859,670 shares in total.

Vuzix Corporation (VUZI) Latest Financial update

Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -26.58% 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 1.93% growth over the previous five years of trading.

Vuzix Corporation (NASDAQ: VUZI) Trading Performance Indicators

Take a look at Vuzix Corporation’s (VUZI) current performance indicators. Last quarter, stock had a quick ratio of 8.52. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 46.69.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.22, a number that is poised to hit -0.12 in the next quarter and is forecasted to reach -0.47 in one year’s time.

Technical Analysis of Vuzix Corporation (VUZI)

Vuzix Corporation (NASDAQ: VUZI) saw its 5-day average volume 2.44 million, a positive change from its year-to-date volume of 1.02 million. As of the previous 9 days, the stock’s Stochastic %D was 84.59%. Additionally, its Average True Range was 0.36.

During the past 100 days, Vuzix Corporation’s (VUZI) raw stochastic average was set at 96.07%, which indicates a significant increase from 93.92% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 110.04% in the past 14 days, which was higher than the 107.26% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $1.67, while its 200-day Moving Average is $1.35. Nevertheless, the first resistance level for the watch stands at $3.75 in the near term. At $3.98, the stock is likely to face the second major resistance level. The third major resistance level sits at $4.33. If the price goes on to break the first support level at $3.17, it is likely to go to the next support level at $2.82. The third support level lies at $2.59 if the price breaches the second support level.

Vuzix Corporation (NASDAQ: VUZI) Key Stats

The company with the Market Capitalisation of 259.13 million has total of 73,615K Shares Outstanding. Its annual sales at the moment are 12,130 K in contrast with the sum of -50,150 K annual income. Company’s last quarter sales were recorded 1,390 K and last quarter income was -9,220 K.