Virtuix (NASDAQ:VTIX) Stock Rating Upgraded by Zacks Research

Key Points

• Zacks Research upgraded Virtuix to a "hold" rating while Wall Street Zen recently lowered it to "sell," leaving the stock with an average MarketBeat rating of "Hold."
• The stock opened at $6.43 and trades near its 50‑day SMA of $6.51, with a 12‑month range of $4.39 to $92.74; last quarter Virtuix reported EPS of ($0.09) on $0.96 million in revenue.
• Insiders have been selling: CEO Jan Roger Goetgeluk sold 7,889 shares at about $6.41, and insiders disposed of 35,250 shares valued at roughly $219,487 over the past quarter.

Virtuix (NASDAQ:VTIX - Get Free Report) was upgraded by stock analysts at Zacks Research to a "hold" rating in a research report issued 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 research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of "Hold".

Virtuix Trading Up 1.7%

Shares of NASDAQ:VTIX opened at $6.43 on Tuesday. The stock has a 50-day simple moving average of $6.51. Virtuix has a 12-month low of $4.39 and a 12-month high of $92.74.

Virtuix (NASDAQ:VTIX - Get Free Report) last issued its quarterly earnings results on Friday, March 6th. The company reported ($0.09) earnings per share (EPS) for the quarter. The business had revenue of $0.96 million during the quarter.

Insider Buying and Selling at Virtuix

In other news, CEO Jan Roger Goetgeluk sold 7,889 shares of Virtuix stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of $6.41, for a total value of $50,568.49. Following the transaction, the chief executive officer directly owned 4,475,305 shares of the company's stock, valued at $28,686,705.05. The trade was a 0.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Over the last quarter, insiders 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.

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