Holdings of Vuzix Corporation (VUZI) are aligned with the stars

Vuzix Corporation (NASDAQ: VUZI) stock jumped 2.93% on Friday to $4.92 against a previous-day closing price of $4.78. With 0.88 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.8 million shares. During the session, the Consumer Electronics company that operates in wider Technology sector, reached to the highest price of $4.9700 whereas the lowest price it dropped to was $4.7100. The 52-week range on VUZI shows that it touched its highest point at $10.49 and its lowest point at $3.27 during that stretch. It currently has a 1-year price target of $10.67. Beta for the stock currently stands at 1.92.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of VUZI was up-trending over the past week, with a rise of 0.82%, but this was up by 25.83% over a month. Three-month performance dropped to -0.20% while six-month performance fell -38.65%. The stock lost -28.49% in the past year, while it has gained 35.16% so far this year. A look at the trailing 12-month EPS for VUZI yields -0.74 with Next year EPS estimates of -0.63. For the next quarter, that number is -0.15. This implies an EPS growth rate of -25.80% for this year and -1.60% for next year. EPS is expected to grow by 20.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 11.80%.

Float and Shares Shorts:

At present, 63.78 million VUZI shares are outstanding with a float of 59.10 million shares on hand for trading. On Oct 13, 2022, short shares totaled 13.54 million, which was 21.16% higher than short shares on Sep 14, 2022. In addition to Mr. Paul J. Travers as the firm’s Founder, Chairman, CEO & Pres, Mr. Grant Neil Russell CA serves as its CFO, Exec. VP, Treasurer & Director.

Institutional Ownership:

Through their ownership of 44.15% of VUZI’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 7.80% of VUZI, in contrast to 29.33% held by mutual funds. Shares owned by individuals account for 15.14%. As the largest shareholder in VUZI with 10.31% of the stake, ARK Investment Management LLC holds 6,569,273 shares worth 6,569,273. A second-largest stockholder of VUZI, SSgA Funds Management, Inc., holds 3,767,314 shares, controlling over 5.91% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in VUZI, holding 3,260,477 shares or 5.12% stake. With a 5.79% stake in VUZI, the ARK Next Generation Internet ETF is the largest stakeholder. A total of 3,690,816 shares are owned by the mutual fund manager. The ARK Autonomous Technology & Robot, which owns about 4.36% of VUZI stock, is the second-largest Mutual Fund holder. It holds 2,778,512 shares valued at 10.11 million. SPDR S&P Kensho New Economies Com holds 3.63% of the stake in VUZI, owning 2,314,235 shares worth 8.42 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for VUZI since 4 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With VUZI analysts setting a high price target of $15.00 and a low target of $7.00, the average target price over the next 12 months is $10.67. Based on these targets, VUZI could surge 204.88% to reach the target high and rise by 42.28% to reach the target low. Reaching the average price target will result in a growth of 116.87% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. VUZI will report FY 2022 earnings on 02/28/2024. Analysts have provided yearly estimates in a range of -$0.61 being high and -$0.63 being low. For VUZI, this leads to a yearly average estimate of -$0.62. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Vuzix Corporation surprised analysts by $0.00 when it reported -$0.15 EPS against a consensus estimate of -$0.15. The surprise factor in the prior quarter was -$0.01. Based on analyst estimates, the high estimate for the next quarter is -$0.14 and the low estimate is -$0.16. The average estimate for the next quarter is thus -$0.15.

Summary of Insider Activity:

Insiders traded VUZI stock several times over the past three months with 7 Buys and 0 Sells. In these transactions, 26,465 shares were bought while 0 shares were sold. The number of buy transactions has increased to 16 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 319,365 while 0 shares were sold.

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