Key Points
- Insider sale: Christopher Iain Parkinson sold 9,457 shares on Dec. 22 at an average price of $2.92 for $27,614, reducing his stake by 6.21% to 142,793 shares, as disclosed in an SEC filing.
- Share performance and recent results: VUZI shares opened at $3.74 (market cap ~$299.7M), trade near their 50‑day/200‑day SMAs of $2.96/$2.74 with a 1‑year range of $1.47–$5.79, and reported a -$0.09 EPS (beat estimate) but missed revenue with deeply negative margins and ROE.
- Analyst and institutional sentiment: The consensus rating is "Hold" (one Buy, one Sell) after mixed notes from Craig Hallum, Wall Street Zen and Weiss, while institutional investors own ~35.87% of the stock and Millennium Management recently increased its stake substantially.
Vuzix Corporation (NASDAQ:VUZI - Get Free Report) insider Christopher Iain Parkinson sold 9,457 shares of the business's stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $2.92, for a total transaction of $27,614.44. Following the completion of the sale, the insider directly owned 142,793 shares of the company's stock, valued at $416,955.56. This represents a 6.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Vuzix Price Performance
Shares of NASDAQ:VUZI opened at $3.74 on Wednesday. The company has a market capitalization of $299.69 million, a P/E ratio of -8.13 and a beta of 1.75. The business's 50 day simple moving average is $2.96 and its 200 day simple moving average is $2.74. Vuzix Corporation has a 1 year low of $1.47 and a 1 year high of $5.79.
Vuzix (NASDAQ:VUZI - Get Free Report) last issued its earnings results on Thursday, November 13th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.01. The company had revenue of $1.16 million during the quarter, compared to analysts' expectations of $1.92 million. Vuzix had a negative net margin of 702.71% and a negative return on equity of 117.63%.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on VUZI. Wall Street Zen upgraded Vuzix from a "sell" rating to a "hold" rating in a research note on Saturday, December 6th. Craig Hallum reissued a "buy" rating on shares of Vuzix in a report on Wednesday, October 1st. Finally, Weiss Ratings restated a "sell (e+)" rating on shares of Vuzix in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold".
View Our Latest Research Report on Vuzix
Hedge Funds Weigh In On Vuzix
A number of institutional investors and hedge funds have recently bought and sold shares of the company. American Century Companies Inc. bought a new stake in shares of Vuzix during the first quarter worth about $35,000. PEAK6 LLC bought a new stake in shares of Vuzix in the 1st quarter valued at $111,000. Vident Advisory LLC acquired a new stake in shares of Vuzix during the first quarter worth $435,000. Millennium Management LLC raised its stake in Vuzix by 278.1% during the first quarter. Millennium Management LLC now owns 1,911,972 shares of the company's stock worth $3,900,000 after buying an additional 1,406,234 shares during the last quarter. Finally, Laidlaw Wealth Management LLC acquired a new position in Vuzix in the first quarter valued at $70,000. Institutional investors and hedge funds own 35.87% of the company's stock.
About Vuzix
(
Get Free Report)
Vuzix Corporation (NASDAQ: VUZI) is a technology company specializing in the design, development and manufacture of wearable display devices and smart glasses. Headquartered in Rochester, New York, Vuzix focuses on next-generation augmented reality (AR) and virtual reality (VR) solutions that enable hands-free access to video, data and applications. Its products integrate high-resolution optics, onboard sensors and wireless connectivity to support immersive visual experiences for professional and consumer use.
Vuzix's product portfolio includes smart glasses and head-mounted displays such as the Vuzix Blade series and the M400 family.
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