Vuzix (NASDAQ: VUZI) took a tumble on Tuesday after the company reported disappointing earnings results. Shares of the augmented reality glasses company were down as much as 18.4% on the news. Vuzix announced its second-quarter 2021 earnings after the close on Monday, Aug. 9.
Full Answer
What are the price targets for Vuzix's stock?
Mar 26, 2021 · Price as of April 8, 2022, 8:00 p.m. ET A new stock offering caused Vuzix's shares to drop. What happened Vuzix Corporation ( VUZI -3.62% ), a maker of smart glasses and augmented reality...
What does Vuzix do?
Mar 03, 2022 · VUZI stock declined in the after-market, losing 1.06% to $5.62, in the after-market. The stock kept moving between $4.89 and $5.70 during the regular trading session. Vuzix published the fiscal performance for Q4 and FY21. The firm also filed for form 10-K with the SEC. The form refers to the annual report of the firm. VUZI’s key financials
How did Vuzix perform in the Q4 earnings?
Mar 26, 2021 · Here’s Why Vuzix Corp. Stock Dropped Friday Friday, March 26, 2021 12:11 PM | Slav Kandyba Vuzix Corp. ( VUZI) stock saw a 21.54% wipeout of its value Friday afternoon as investors reacted to the AR technology company’s pricing for an upcoming $85 million common stock offering. Shares were down $5.67 to $20.65 per share.
Will Vuzi outperform or underperform the S&P 500 over the long term?
Aug 10, 2021 · Vuzix ( VUZI -1.17% ) took a tumble on Tuesday after the company reported disappointing earnings results. Shares of the augmented reality glasses company were down as much as 18.4% on the news. As...
Why is VUZI stock dropping today?
Vuzix ( VUZI -3.62% ) took a tumble on Tuesday after the company reported disappointing earnings results.Aug 10, 2021
Is VUZI a buy or sell?
Vuzix has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Is vuzix a good stock to buy right now?
During the day the stock fluctuated 5.63% from a day low at $6.48 to a day high of $6.85. The price has fallen in 7 of the last 10 days and is down by -5.88% for this period....Predicted Opening Price for Vuzix Corporation of Monday, April 4, 2022.Fair opening price April 4, 2022Current price$6.63$6.56 (Undervalued)
Who are vuzix competitors?
Vuzix's top competitors include ThirdEye Gen, MicroVision, WaveOptics and Manus VR.
Is Vuzi a buy Zacks?
It's calculated as earnings divided by price....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return1Strong Buy24.93%2Buy18.44%3Hold9.99%4Sell5.61%2 more rows
Is vuzix overvalued?
In conclusion, The stock of Vuzix (NAS:VUZI, 30-year Financials) is believed to be significantly overvalued. The company's financial condition is fair and its profitability is poor. Its growth ranks better than 76% of the companies in Hardware industry.Mar 28, 2021
Why is VUZI stock going up?
Why was Vuzix stock up so much today? Because of management's bullish guidance for Q4 and 2022. In Q4, Vuzix is expecting sequential revenue growth from Q3 as it continues to grow its smart-glasses deliveries. In 2022, the company is expecting to release four new smart-glasses products.Nov 9, 2021
Who owns vuzix?
Vuzix personal display devices are used for mobile and immersive augmented reality applications, such as 3D gaming, manufacturing training, and military tactical equipment....Vuzix.TypePublicOwnerIntel (10%) State Street KOMP ETF (12%)Number of employees90Websitewww.vuzix.com4 more rows
Does Intel own vuzix?
Vuzix went public in 2013, and Intel ( INTC 0.91% ) bought 30% of the company for $24.8 million in 2015.Mar 21, 2021
Is Vuzix a buy right now?
2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Vuzix in the last year. There are currently 1 hold ratin...
How has Vuzix's stock price been impacted by Coronavirus (COVID-19)?
Vuzix's stock was trading at $1.35 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organizati...
When is Vuzix's next earnings date?
Vuzix is scheduled to release its next quarterly earnings announcement on Monday, May 9th 2022. View our earnings forecast for Vuzix .
How were Vuzix's earnings last quarter?
Vuzix Co. (NASDAQ:VUZI) issued its quarterly earnings data on Tuesday, March, 1st. The company reported ($0.27) earnings per share for the quarter,...
What price target have analysts set for VUZI?
2 brokerages have issued 1 year price objectives for Vuzix's shares. Their forecasts range from $11.00 to $15.00. On average, they anticipate Vuzix...
Who are Vuzix's key executives?
Vuzix's management team includes the following people: Paul J. Travers , President, Chief Executive Officer & Director Pete Jameson , Chief Oper...
Who are some of Vuzix's key competitors?
Some companies that are related to Vuzix include CommScope (COMM) , Harmonic (HLIT) , Sierra Wireless (SWIR) , Cambium Networks (CMBM) , Gilat...
What other stocks do shareholders of Vuzix own?
Based on aggregate information from My MarketBeat watchlists, some companies that other Vuzix investors own include VEREIT (VER) , Advanced Micro...
What is Vuzix's stock symbol?
Vuzix trades on the NASDAQ under the ticker symbol "VUZI."
What happened
Vuzix ( NASDAQ:VUZI) took a tumble on Tuesday after the company reported disappointing earnings results. Shares of the augmented reality glasses company were down as much as 18.4% on the news. As of 12:14 p.m. EDT, the stock is down 13.3% for the day.
So what
Vuzix announced its second-quarter 2021 earnings after the close on Monday, Aug. 9. Earnings per share came in at a loss of $0.14, which was worse than the $0.10 loss analysts were expecting. This earnings miss is likely a big reason Vuzix stock was down on Tuesday.
Now what
At a market cap of around $733 million, investors are betting on huge growth from Vuzix over the next few years. The stock trades at a trailing price-to-sales ratio (P/S) above 50, making it one of the most expensive stocks on the market.
Is Vuzix a buy right now?
2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Vuzix in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" Vuzix stock.#N#View analyst ratings for Vuzix or view top-rated stocks.
What stocks does MarketBeat like better than Vuzix?
Wall Street analysts have given Vuzix a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Vuzix wasn't one of them.
Are investors shorting Vuzix?
Vuzix saw a increase in short interest during the month of August. As of August 13th, there was short interest totaling 12,590,000 shares, an increase of 21.3% from the July 29th total of 10,380,000 shares. Based on an average daily volume of 3,040,000 shares, the days-to-cover ratio is currently 4.1 days.
When is Vuzix's next earnings date?
Vuzix is scheduled to release its next quarterly earnings announcement on Monday, November 8th 2021.#N#View our earnings forecast for Vuzix.
How were Vuzix's earnings last quarter?
Vuzix Co. (NASDAQ:VUZI) issued its quarterly earnings results on Monday, August, 9th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.10) by $0.04. The business earned $2.92 million during the quarter, compared to analysts' expectations of $4.33 million.
How has Vuzix's stock price been impacted by COVID-19?
Vuzix's stock was trading at $1.35 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, VUZI shares have increased by 771.9% and is now trading at $11.77.#N#View which stocks have been most impacted by COVID-19.
What price target have analysts set for VUZI?
2 Wall Street analysts have issued 12-month price targets for Vuzix's stock. Their forecasts range from $13.00 to $30.00. On average, they anticipate Vuzix's stock price to reach $21.50 in the next year.
Where is Vuzix based?
Travers, CEO of a totally disruptive company in the wearables arena. His company, Vuzix, is literally changing how we “see” the world. What is Vuzix? Vuzix is a $1.1 billion organization based out of Rochester, New York. In the last year and a half, it has seen substantial quarter-over-quarter growth. It’s taken the wearables i
What is Vuzix M400?
Vuzix Corporation (VUZI) has announced receipt of orders from the virtual surgical platform Rods & Cones for Vuzix M400 Smart Glasses. Deliveries will be made each month, starting immediately, for the rest of 2021. The orders, estimated to be worth $1.2 million, will support enhanced remote exchanges between experts and surgeons in the operating room through Vuzix M400 Smart Glasses. Vuzix is a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products. Rods & Cones provides a fully virtual surgical-collaboration platform. Rods & Cones' platform, combined with the 13 MP phase-detect autofocus camera on the Vuzix M400 Smart Glasses, will help frontline workers in the operating theatre, ICU, and other medical facilities. It will assist instrumentalist nurses, surgeons, and healthcare professionals by providing high quality images during remote interactions between staff and patients. Additionally, this combination will allow those using the remote platform to attend numerous supported surgeries per day. Vuzix CEO Paul Travers said, “Vuzix Smart Glasses are ideally suited to be an integral part of the Rods & Cones surgical-collaboration platform and we are pleased to help support their current, as well as future deployments across their network of healthcare professionals to deliver surgical and medical services.” (see Vuzix stock analysis on TipRanks) Maxim Group analyst Jack Vander Aarde maintains a Hold rating for VUZI’s stock since the company's current valuation is ahead of fundamentals. The analyst did not assign it a price target. Commenting on Q1 results, Aarde said, “We maintain our positive view of the company’s robust growth outlook and competitive positioning within the AR enterprise market.” Consensus among analysts on Wall Street is a Moderate Buy based on 2 Buy and 1 Hold ratings. The average analyst price target of $30.00 implies an 82.82% upside potential to current levels. VUZI scores an 8 out of 10 on TipRank’s Smart Score rating system, implying the stock will likely outperform the market. Related News:Palantir Strengthens Ties with U.S Space ForceTesla Faces Norwegian Fine over Slow Charging; Stock Jumps 4.4% – ReportUber Partners with White House to Offer Free COVID-19 Vaccination Rides More recent articles from Smarter Analyst: Vuzix Posts Smaller-Than-Feared Quarterly Loss, Sales Pop 117% FB Financial Ramps Up Dividend By 22% MGM Resorts Walks Away From Takeover Bid For Entain Apple Reassures On Intel’s Thunderbolt Despite Chip Departure
VUZI Falls Mid-Day
As mentioned above, Vuzix had a relatively normal start to the trading session today, making it into the green early on. However, minutes ago, we started to see big declines on the stock. Currently (12:07), VUZI is trading at $6.78 per share after a loss of $0.57 per share or 7.82% thus far today.
What We Can Expect To See Ahead
Given the reason for the declines today, I’m not expecting that the massive downward activity will last very long. However, the stock has been on the decline for some time as the company has several hurdles to make its way over.
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