Virtuix (NASDAQ:VTIX) Stock Rating Upgraded by Zacks Research
by Scott Moore · The Cerbat GemVirtuix (NASDAQ:VTIX – Get Free Report) was upgraded by stock analysts at Zacks Research to a “hold” rating in a report released on Tuesday,Zacks.com reports.
Separately, Wall Street Zen lowered Virtuix from a “hold” rating to a “sell” rating in a research note on Saturday, April 4th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.
Virtuix Stock Up 1.7%
Shares of Virtuix stock opened at $6.43 on Tuesday. The stock’s 50 day moving average price is $6.51. Virtuix has a 1-year low of $4.39 and a 1-year high of $92.74.
Virtuix (NASDAQ:VTIX – Get Free Report) last announced its quarterly earnings data on Friday, March 6th. The company reported ($0.09) earnings per share (EPS) for the quarter. The company had revenue of $0.96 million for the quarter.
Insider Buying and Selling at Virtuix
In related news, CEO Jan Roger Goetgeluk sold 6,713 shares of Virtuix stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $6.43, for a total transaction of $43,164.59. Following the sale, the chief executive officer directly owned 4,464,750 shares of the company’s stock, valued at approximately $28,708,342.50. The trade was a 0.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last 90 days, insiders have sold 35,250 shares of company stock valued at $219,487.
Virtuix Company Profile
Virtuix (NASDAQ:VTIX) is a company that develops and commercializes hardware and software for immersive virtual reality (VR) locomotion and related experiences. Its core focus is on enabling natural movement inside virtual environments through purpose-built platforms and systems that pair motion-control hardware with software integrations for games, training and location-based entertainment.
The company is best known for its Omni family of omnidirectional locomotion platforms, which are designed to allow users to walk, run and maneuver in 360 degrees within a virtual space while remaining stationary in the real world.