Key Points
- Virtuix COO David Robert Malcolm Allan sold 220,821 shares at an average price of $1.79, worth approximately $395,270. The sale reduced his holdings by 44.16%, leaving him with 279,179 shares.
- Virtuix reported quarterly revenue of $1.27 million and an adjusted loss of $0.39 per share, beating the consensus loss estimate of $0.42. Shares opened at $1.61, with a market capitalization of about $46.5 million.
- Analyst sentiment is mixed, with one Buy, one Hold and one Sell rating; the overall consensus is Hold, with an average price target of $11.00.
Virtuix Holdings Inc. (NASDAQ:VTIX - Get Free Report) COO David Robert Malcolm Allan sold 220,821 shares of the stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $1.79, for a total value of $395,269.59. Following the completion of the sale, the chief operating officer owned 279,179 shares of the company's stock, valued at approximately $499,730.41. This trade represents a 44.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Virtuix Trading Up 6.6%
Shares of NASDAQ:VTIX opened at $1.61 on Friday. The company's 50-day moving average is $3.11. The stock has a market cap of $46.53 million and a P/E ratio of -3.35. Virtuix Holdings Inc. has a one year low of $1.45 and a one year high of $92.74.
Virtuix (NASDAQ:VTIX - Get Free Report) last issued its quarterly earnings data on Thursday, June 25th. The company reported ($0.39) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.42) by $0.03. The firm had revenue of $1.27 million during the quarter.
Analyst Ratings Changes
Several equities research analysts recently issued reports on the stock. Zacks Research raised shares of Virtuix to a "hold" rating in a research note on Tuesday, April 14th. Maxim Group assumed coverage on shares of Virtuix in a research report on Thursday, June 18th. They issued a "buy" rating and a $11.00 price objective for the company. Wall Street Zen lowered Virtuix from a "hold" rating to a "sell" rating in a research report on Saturday, June 6th. Finally, Weiss Ratings upgraded Virtuix from a "sell (e-)" rating to a "sell (e)" rating in a research note on Wednesday, July 1st. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Virtuix presently has a consensus rating of "Hold" and an average price target of $11.00.
Read Our Latest Stock Analysis on VTIX
Virtuix Company Profile
(
Get Free Report)
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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