Gauzy (NASDAQ:GAUZ) Price Target Cut to $10.00 by Analysts at Barclays

Key Points

• Barclays has reduced its target price for Gauzy (NASDAQ:GAUZ) from $13.00 to $10.00, maintaining an "overweight" rating despite the decrease.
• Recent earnings revealed that Gauzy missed analyst expectations, reporting a significant loss per share and revenue below consensus estimates, resulting in a negative net margin of 50.13%.
• While Gauzy has one sell rating, two hold ratings, and two buy ratings from analysts, its average price target is currently set at $11.00.

Gauzy (NASDAQ:GAUZ - Get Free Report) had its price objective reduced by Barclays from $13.00 to $10.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Barclays's price target indicates a potential upside of 73.16% from the stock's current price.

GAUZ has been the topic of several other reports. B. Riley lowered their target price on Gauzy from $14.00 to $13.00 and set a "buy" rating on the stock in a research report on Thursday, May 15th. Wall Street Zen cut Gauzy from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $11.00.

Gauzy Stock Performance

Shares of GAUZ stock traded down $0.1750 on Thursday, reaching $5.7750. The stock had a trading volume of 68,386 shares, compared to its average volume of 112,022. The stock has a market cap of $110.01 million, a P/E ratio of -2.82 and a beta of -0.83. Gauzy has a 1 year low of $5.50 and a 1 year high of $13.00. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.41 and a current ratio of 0.66. The company has a 50 day simple moving average of $7.37 and a 200 day simple moving average of $8.67.

Institutional Investors Weigh In On Gauzy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Signaturefd LLC purchased a new stake in shares of Gauzy during the 1st quarter worth about $28,000. SouthState Corp purchased a new stake in shares of Gauzy during the 1st quarter worth about $56,000. Kingsview Wealth Management LLC purchased a new stake in shares of Gauzy during the 1st quarter worth about $82,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Gauzy during the 2nd quarter worth about $95,000. Finally, Clarkston Capital Partners LLC purchased a new position in Gauzy in the 2nd quarter valued at about $106,000.

Gauzy Company Profile

Gauzy Ltd. is a fully-integrated light and vision control company which focused on the research, development, manufacturing and marketing of vision and light control technologies. It operates principally in Germany, France, the United States, Canada, China, Singapore and Dubai. Gauzy Ltd. is headquartered in Tel Aviv, Israel.