Vuzix's (VUZI) "Sell (E+)" Rating Reaffirmed at Weiss Ratings

Key Points

• Vuzix's stock received a "sell (E+)" rating from Weiss Ratings, while Craig Hallum maintained a "buy" rating, resulting in a consensus rating of "Hold."
• On Wednesday, Vuzix's share price increased by 5.7%, reaching $4.06, with a significant trading volume of 2,866,466 shares.
• The company reported a quarterly loss of ($0.10) per share, beating estimates, but revenue fell short of expectations at $1.30 million compared to an expected $1.63 million.

Vuzix (NASDAQ:VUZI - Get Free Report)'s stock had its "sell (e+)" rating reissued by equities research analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Separately, Craig Hallum reaffirmed a "buy" rating on shares of Vuzix in a research report on Wednesday, October 1st. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold".

Vuzix Stock Up 5.7%

Shares of NASDAQ:VUZI traded up $0.22 during trading on Wednesday, reaching $4.06. The stock had a trading volume of 2,866,466 shares, compared to its average volume of 1,960,259. The business has a fifty day moving average price of $2.49 and a 200-day moving average price of $2.41. The stock has a market cap of $314.00 million, a P/E ratio of -7.96 and a beta of 1.69. Vuzix has a fifty-two week low of $0.85 and a fifty-two week high of $5.79.

Vuzix (NASDAQ:VUZI - Get Free Report) last posted its quarterly earnings data on Thursday, August 14th. The company reported ($0.10) earnings per share for the quarter, beating analysts' consensus estimates of ($0.12) by $0.02. The business had revenue of $1.30 million during the quarter, compared to analyst estimates of $1.63 million. Vuzix had a negative net margin of 707.90% and a negative return on equity of 113.11%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in VUZI. Goldman Sachs Group Inc. lifted its position in shares of Vuzix by 59.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 433,900 shares of the company's stock worth $885,000 after buying an additional 162,229 shares during the last quarter. Skandinaviska Enskilda Banken AB publ bought a new position in shares of Vuzix in the 1st quarter worth about $255,000. Vident Advisory LLC bought a new position in shares of Vuzix in the 1st quarter worth about $435,000. American Century Companies Inc. bought a new position in shares of Vuzix in the 1st quarter worth about $35,000. Finally, PEAK6 LLC bought a new position in shares of Vuzix in the 1st quarter worth about $111,000. 35.87% of the stock is currently owned by institutional investors.

Vuzix Company Profile

Vuzix Corporation designs, manufactures, and markets smart glasses and augmented reality (AR) technologies and products for the enterprise, medical, defense, and consumer markets. The company's products include head-mounted smart personal display and wearable computing devices that offer users a portable viewing experience, provide solutions for mobility, wearable displays, and augmented reality, as well as original equipment manufacturer waveguide optical components and display engines.

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