Key Points
- Virtuix director Brett Moyer sold 8,700 shares at an average price of $1.19, generating $10,353. The sale reduced his holdings by 5.32% and was made to cover tax obligations from vested equity awards.
- VTIX opened at $1.21, with a market capitalization of approximately $36.3 million. The stock has traded between $0.92 and $92.74 over the past year and remains below its 50-day and 200-day moving averages.
- Virtuix reported a quarterly loss of $0.22 per share on $0.77 million in revenue, beating analyst loss estimates. Analyst sentiment is mixed, resulting in a consensus “Hold” rating and an $11 price target.
Virtuix Holdings Inc. (NASDAQ:VTIX - Get Free Report) Director Brett Moyer sold 8,700 shares of the stock in a transaction on Monday, September 28th. The stock was sold at an average price of $1.19, for a total value of $10,353.00. Following the completion of the sale, the director owned 154,958 shares in the company, valued at $184,400.02. This trade represents a 5.32% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Virtuix Price Performance
NASDAQ:VTIX opened at $1.21 on Tuesday. Virtuix Holdings Inc. has a 52-week low of $0.92 and a 52-week high of $92.74. The stock has a fifty day moving average of $1.48 and a 200 day moving average of $3.48. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.61 and a current ratio of 0.71. The firm has a market capitalization of $36.26 million and a price-to-earnings ratio of -1.73.
Virtuix (NASDAQ:VTIX - Get Free Report) last announced its earnings results on Wednesday, August 19th. The company reported ($0.22) earnings per share for the quarter, topping analysts' consensus estimates of ($0.25) by $0.03. The business had revenue of $0.77 million during the quarter. On average, research analysts expect that Virtuix Holdings Inc. will post -0.67 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on VTIX. Wall Street Zen cut shares of Virtuix from a "sell" rating to a "strong sell" rating in a research report on Sunday, August 23rd. Maxim Group initiated coverage on shares of Virtuix in a research report on Thursday, June 18th. They set a "buy" rating and a $11.00 price objective on the stock. Finally, Weiss Ratings upgraded shares of Virtuix from a "sell (e-)" rating to a "sell (e)" rating in a research report on Wednesday, July 1st. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Virtuix has a consensus rating of "Hold" and a consensus price target of $11.00.
Read Our Latest Research Report on Virtuix
About Virtuix
(
Get Free Report)
Virtuix, Inc is a virtual reality technology company that develops immersive gaming systems and accessories. Its flagship product, Omni One, is a consumer virtual reality platform centered on an omnidirectional treadmill that allows users to walk, run, and move naturally within compatible VR games while remaining in a defined physical space.
The company also offers VR content and software designed to work with its hardware. Virtuix has developed Omni Arena, a commercial location-based virtual reality esports experience intended for venues such as arcades, entertainment centers, and other out-of-home gaming facilities.
Virtuix was founded in 2013 by Jan Goetgeluk, who serves as the company's chief executive officer.
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