$2.47M in average volume shows that Vuzix Corporation (VUZI) is heading in the right direction

On Friday, Vuzix Corporation (NASDAQ: VUZI) opened higher 8.95% from the last session, before settling in for the closing price of $3.80. Price fluctuations for VUZI have ranged from $0.83 to $5.79 over the past 52 weeks.

Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 19.92%. Company’s average yearly earnings per share was noted -26.58% at the time writing. With a float of $60.87 million, this company’s outstanding shares have now reached $73.62 million.

Considering the fact that the conglomerate employs 94 people, you should pay attention to its efficiency factor. 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 Activity

A key investor’s attitude towards the stock of the Consumer Electronics industry is another important factor to consider. The insider ownership of Vuzix Corporation is 17.29%, while institutional ownership is 12.93%. 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) Earnings and Forecasts

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.

Vuzix Corporation (NASDAQ: VUZI) Trading Performance Indicators

Check out the current performance indicators for Vuzix Corporation (VUZI). In the past quarter, the stock posted a quick ratio of 8.52. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 54.91.

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)

Compared to the last year’s volume of 2.62 million, its volume of 1.9 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 74.08%. Additionally, its Average True Range was 0.51.

During the past 100 days, Vuzix Corporation’s (VUZI) raw stochastic average was set at 66.62%, which indicates a significant decrease from 89.51% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 122.44% in the past 14 days, which was lower than the 138.84% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $3.27, while its 200-day Moving Average is $1.73. Nevertheless, the first resistance level for the watch stands at $4.40 in the near term. At $4.67, the stock is likely to face the second major resistance level. The third major resistance level sits at $5.04. If the price goes on to break the first support level at $3.76, it is likely to go to the next support level at $3.39. Should the price break the second support level, the third support level stands at $3.12.

Vuzix Corporation (NASDAQ: VUZI) Key Stats

There are currently 73,615K shares outstanding in the company with a market cap of 304.77 million. Presently, the company’s annual sales total 12,130 K according to its annual income of -50,150 K. Last quarter, the company’s sales amounted to 1,390 K and its income totaled -9,220 K.