Vuzix (NASDAQ:VUZI) is scheduled to be releasing its earnings data after the market closes on Wednesday, March 14th. Analysts expect Vuzix to post earnings of ($0.18) per share for the quarter.
Shares of Vuzix (NASDAQ VUZI) opened at $8.70 on Monday. The stock has a market cap of $237.41, a PE ratio of -7.91 and a beta of 0.90. Vuzix has a twelve month low of $4.10 and a twelve month high of $11.40.
A number of research firms have issued reports on VUZI. BidaskClub downgraded shares of Vuzix from a “buy” rating to a “hold” rating in a report on Tuesday, January 30th. Maxim Group boosted their price objective on shares of Vuzix from $11.00 to $13.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Zacks Investment Research downgraded shares of Vuzix from a “buy” rating to a “hold” rating in a report on Sunday, January 21st. Craig Hallum began coverage on shares of Vuzix in a report on Monday, January 8th. They issued a “buy” rating for the company. Finally, Chardan Capital set a $10.00 price objective on shares of Vuzix and gave the company a “buy” rating in a report on Monday, January 1st. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $9.75.
In other news, COO Paul A. Boris bought 5,000 shares of the company’s stock in a transaction dated Tuesday, December 19th. The stock was bought at an average cost of $5.74 per share, for a total transaction of $28,700.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Insiders acquired a total of 10,500 shares of company stock valued at $67,275 in the last three months. Insiders own 18.40% of the company’s stock.
Vuzix Company Profile
Vuzix Corporation designs, manufactures, markets, and sells wearable display devices in the United States and internationally. The companys products are worn like eyeglasses that enable the user to view video and digital content, such as movies, computer data, the Internet, or video games. Its products include binocular wearable displays that contain two micro displays mounted in a frame attached to eyeglass-style temples or stereo headphones; monocular smart glasses products for the enterprise, industrial, and commercial markets, as well as video headphones; augmented reality products, which provide the user a live, direct or indirect, view of a physical, and real-world environment; and video viewing glasses as mobile displays for entertainment and gaming for on-the-go users, as well as support for stepping into virtual worlds, simulations, and virtual reality gaming.
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