Vuzix (NASDAQ:VUZI) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

by · The Markets Daily

Vuzix Corporation (NASDAQ:VUZIGet Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.99 and traded as low as $2.75. Vuzix shares last traded at $2.77, with a volume of 669,160 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Wall Street Zen upgraded shares of Vuzix from a “sell” rating to a “hold” rating in a research note on Sunday, June 14th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Vuzix in a research note on Friday, April 17th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

View Our Latest Report on Vuzix

Vuzix Stock Performance

The stock has a market capitalization of $232.85 million, a price-to-earnings ratio of -7.00 and a beta of 1.74. The company has a fifty day moving average of $3.38 and a two-hundred day moving average of $2.99.

Vuzix (NASDAQ:VUZIGet Free Report) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.01. Vuzix had a negative return on equity of 116.50% and a negative net margin of 504.12%.The company had revenue of $1.39 million for the quarter, compared to the consensus estimate of $1.35 million.

Insider Buying and Selling at Vuzix

In other Vuzix news, Director Timothy Heydenreich Harned sold 10,000 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $4.73, for a total transaction of $47,300.00. Following the completion of the sale, the director directly owned 318,158 shares in the company, valued at $1,504,887.34. This represents a 3.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paula Beck Whitten-Doolin sold 32,000 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $4.68, for a total value of $149,760.00. Following the completion of the sale, the director directly owned 90,668 shares in the company, valued at approximately $424,326.24. This represents a 26.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 7.30% of the company’s stock.

Institutional Trading of Vuzix

Several hedge funds have recently added to or reduced their stakes in VUZI. Caitong International Asset Management Co. Ltd raised its position in Vuzix by 424.2% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 9,493 shares of the company’s stock worth $36,000 after purchasing an additional 7,682 shares in the last quarter. Simmons Bank grew its stake in shares of Vuzix by 13.6% in the 4th quarter. Simmons Bank now owns 66,800 shares of the company’s stock valued at $253,000 after purchasing an additional 8,000 shares during the period. State of Wyoming bought a new stake in shares of Vuzix in the 4th quarter valued at approximately $38,000. Jump Financial LLC acquired a new position in shares of Vuzix in the 2nd quarter worth approximately $31,000. Finally, Insigneo Advisory Services LLC bought a new position in shares of Vuzix during the 4th quarter worth approximately $41,000. Institutional investors own 35.87% of the company’s stock.

Vuzix Company Profile

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Vuzix Corporation (NASDAQ: VUZI) is a technology company specializing in the design, development and manufacture of wearable display devices and smart glasses. Headquartered in Rochester, New York, Vuzix focuses on next-generation augmented reality (AR) and virtual reality (VR) solutions that enable hands-free access to video, data and applications. Its products integrate high-resolution optics, onboard sensors and wireless connectivity to support immersive visual experiences for professional and consumer use.

Vuzix’s product portfolio includes smart glasses and head-mounted displays such as the Vuzix Blade series and the M400 family.

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