why is vuzi stock going up

by Dr. Gabriella Mayer PhD Published 3 years ago Updated 2 years ago

Is Vuzi stock a buy or sell?

Vuzix Corporation. Analyst Report: Garmin Ltd. Garmin produces GPS-enabled hardware and software for five verticals: fitness, outdoors, auto, aviation, and …

What is going on with Vuzix?

Apr 17, 2022 · Earnings Growth. Earnings for Vuzix are expected to grow in the coming year, from ($0.66) to ($0.62) per share. Price to Earnings Ratio vs. the Market. The P/E ratio of Vuzix is -7.89, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

What is the net worth of Vuzix?

Mar 18, 2021 · Shares of Vuzix ( VUZI -7.19%), a maker of smart glasses and augmented reality (AR) technology, jumped Thursday after the company announced that it had received an order for $400,000 worth of its ...

How did Vuzix perform in the Q4 earnings?

All VUZI needs is to report a better than -.18 eps ok buy me, (the street is expecting -.12 eps which is .06 cents better) if it can show a huge sales like $350 million in quarterly sales I would ...

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Dec 27, 2021 · Vuzix Corp (NASDAQ: VUZI) is trading higher Monday after the company announced that it entered into an agreement with Verizon Communications Inc (NYSE: VZ ). Through the agreement, Vuzix aims to ...

Is VUZI stock a good buy?

Vuzix has received a consensus rating of Buy.

Is VUZI overvalued?

Valuation metrics show that Vuzix Corporation may be overvalued. Its Value Score of F indicates it would be a bad pick for value investors. The financial health and growth prospects of VUZI, demonstrate its potential to underperform the market. It currently has a Growth Score of F.

Will Vuzix stock go up?

The Wall Street analyst predicted that VUZIX's share price could reach $15.00 by Dec 21, 2022. The average VUZIX stock price prediction forecasts a potential upside of 159.07% from the current VUZI share price of $5.79.

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.

Type	Public
Owner	Intel (10%) State Street KOMP ETF (12%)
Number of employees	90
Website	www.vuzix.com

4 more rows

Who are vuzix competitors?

Vuzix's top competitors include ThirdEye Gen, MicroVision, WaveOptics and Manus VR. Vuzix Corporation is the world leader in video eyewear technology.

Does Ark hold Vuzi?

Vuzix Corporation is a company in the U.S. stock market and it is a holding in 32 U.S.-traded ETFs. VUZI has around 11.5M shares in the U.S. ETF market. The largest ETF holder of VUZI is the ARK Next Generation Internet ETF (ARKW), with approximately 4.29M shares.

Where is Vuzi located?

Founded in 1997, Vuzix is a public company (NASDAQ: VUZI) with offices in Rochester, NY, Oxford, UK, and Tokyo, Japan.Mar 4, 2022

Where are vuzix made?

Vuzix Blade smart glasses are developed and manufactured in the United States. An American company with roots in Rochester, the next generation of Vuzix consumer and enterprise smart glasses is being brought to life in New York.

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."

When did Vuzix announce its earnings?

When is Vuzix earnings call?

Vuzix Co. (NASDAQ:VUZI) announced its quarterly earnings data on Monday, August, 9th. The company reported ($0.14) EPS for the quarter, missing analysts' consensus estimates of ($0.10) by $0.04. The firm had revenue of $2.92 million for the quarter, compared to analysts' expectations of $4.33 million.

What is the rating of Vuzix?

Vuzix will be holding an earnings conference call on Monday, August 9th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 201-612-7415 with passcode "13721661".

Where is Vuzix located?

Vuzix has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.

Does Vuzix pay dividends?

Vuzix's mailing address is 25 HENDRIX ROAD SUITE A, WEST HENRIETTA NY , 14586. The company can be reached via phone at (585) 359-5900, via email at [email protected], or via fax at 585-359-4172.

The company just received a large order for its smart glasses

Vuzix does not currently pay a dividend.

What happened

Chris has covered Tech and Telecom companies for The Motley Fool since 2012. Follow him on Twitter for the latest tech stock coverage. Follow @tmfnewsie

So what

Shares of Vuzix ( NASDAQ:VUZI), a maker of smart glasses and augmented reality (AR) technology, jumped Thursday after the company announced that it had received an order for $400,000 worth of its M400 smart glasses.

Now what

Vuzix said in a press release that a U.S.-based Fortune 100 insurance and financial services company had placed the large smart glasses order after testing the devices for more than 18 months.

Vuzix is a leading supplier of Smart Glasses

Vuzix's stock often experiences large share price swings tied to company-related news, and Thursday's move was no different. The tech stock has skyrocketed by more than 2,000% over the past 12 months. But with the company's stock flying high right now, investors may want to be cautious about picking up more shares.

What could prompt VUZI stock to propose underwritten public offering?

Vuzix (VUZI) is a consumer electronics company specifically focusing on Augmented Reality technologies. It is a lead supplier of Smart Glasses that can automatically provide the wearer information on the focused object seen through the Smart Glasses.

What is Vuzix Corporation?

Vuzix Corporation (VUZI) announced today that it is planning to offer its shares of common stock for a sale proposal in the manner of the underwritten public offering. In this offering, the shareholder and investor can exercise the Company –given right to have a 30-day option for purchasing up to an additional 15% of the number of shares.

Does Chris Neiger have a position in any of the stocks mentioned?

Vuzix Corporation ( NASDAQ:VUZI), a maker of smart glasses and augmented reality technology, announced an $85 million public offering of its stock today.

What is Stock Sentiment?

Chris Neiger has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Prev. 1.

What's Happening With VUZI Stock Today?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.

More About Vuzix Corp

Vuzix Corp (VUZI) stock is trading at $11.65 as of 9:55 AM on Monday, Nov 1, a gain of $0.96, or 8.98% from the previous closing price of $10.69. The stock has traded between $10.82 and $11.80 so far today. Volume today is light. So far 452,659 shares have traded compared to average volume of 1,491,468 shares.

When did Vuzix go public?

Vuzix is a leading supplier of Smart-Glasses and Augmented Reality (AR) technologies and products for the consumer and enterprise markets.

How much will Vuzix make in 2021?

It initially developed products for the military but started producing consumer electronics devices in the early 2000s. Vuzix went public in 2013, and Intel ( NASDAQ:INTC) bought 30% of the company for $24.8 million in 2015.

How many patents does Vuzix have?

Analysts expect Vuzix's revenue to rise 88% to $21.8 million in 2021, then jump another 87% to $40.6 million in 2022. Those estimates are rosy, but the stock is pricey at over 60 times this year's sales. Vuzix's bottom line also remains in the red, and analysts expect it to remain unprofitable for the foreseeable future.

When did Intel stop using Vuzix?

It ended the year with 184 approved or pending patents for AR technologies, up from 150 patents in 2019.

Does Vuzix need to go toe to toe with tech giants?

Intel halted its AR headset partnership with Vuzix in 2016. The first pair of AR glasses from Magic Leap, the start-up backed by Google and other tech giants, also fell woefully short of expectations when it finally arrived in 2018.

Is Vuzix a Blade AR?

The bulls will argue that Vuzix doesn't need to go toe-to-toe with those tech giants. Instead, it just needs to hold onto a sliver of the expanding AR market.

Is Vuzix a penny stock?

Vuzix launched its consumer-facing Blade AR glasses, which can be tethered to Amazon 's ( NASDAQ:AMZN) Alexa and Alphabet 's ( NASDAQ:GOOG) ( NASDAQ:GOOGL) Google Assistant, in 2019. As a result, Vuzix's annual revenue rose more than fivefold between 2016 and 2020. Data source: Vuzix. YOY = Year-over-year.