Vuzix Corporation (VUZI) Earning Somewhat Favorable News Coverage, Study Finds
Media stories about Vuzix Corporation (NASDAQ:VUZI) have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Vuzix Corporation earned a news impact score of 0.07 on Accern’s scale. Accern also gave news articles about the company an impact score of 44.7677438027297 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the media stories that may have impacted Accern Sentiment’s analysis:
- Vuzix to Participate in Mobile World Congress Americas in San Francisco with its VIP Partner CyberTimez – PR Newswire (press release) (prnewswire.com)
- Vuzix Corporation (VUZI) Downgraded by Zacks Investment Research to “Hold” (americanbankingnews.com)
- Virtual reality (VR) Market to Grow 54.01% in 2022 (industrytoday.co.uk)
- Augmented reality (AR) and virtual reality (vr) projected to grow at a CAGR of +85% and +45% according to new research report (whatech.com)
- Global Virtual Reality (VR) Market Pit Falls, Present Scenario and Growth Prospects from 2017 to 2023- Credence Research (flicksandbits.com)
VUZI has been the topic of several research reports. Zacks Investment Research downgraded shares of Vuzix Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Maxim Group set a $11.00 price target on shares of Vuzix Corporation and gave the stock a “buy” rating in a research report on Wednesday, July 19th.
Shares of Vuzix Corporation (NASDAQ VUZI) traded down 0.81% on Wednesday, reaching $6.10. 34,810 shares of the company traded hands. The company’s market capitalization is $126.11 million. Vuzix Corporation has a one year low of $5.00 and a one year high of $9.50. The firm’s 50 day moving average is $6.01 and its 200 day moving average is $6.17.
Vuzix Corporation (NASDAQ:VUZI) last announced its quarterly earnings results on Wednesday, August 9th. The company reported ($0.22) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.21) by ($0.01). Vuzix Corporation had a negative net margin of 524.82% and a negative return on equity of 143.10%. The firm had revenue of $1.33 million for the quarter. Analysts expect that Vuzix Corporation will post ($0.76) earnings per share for the current fiscal year.
In other news, COO Paul A. Boris purchased 10,000 shares of the business’s stock in a transaction dated Wednesday, August 9th. The shares were purchased at an average cost of $6.10 per share, with a total value of $61,000.00. Following the completion of the purchase, the chief operating officer now owns 160,000 shares of the company’s stock, valued at approximately $976,000. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 22.90% of the company’s stock.
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About Vuzix Corporation
Vuzix Corporation designs, manufactures, markets, and sells wearable display devices in the United States and internationally. The companys products are worn like eyeglasses that enable the user to view video and digital content, such as movies, computer data, the Internet, or video games. Its products include binocular wearable displays that contain two micro displays mounted in a frame attached to eyeglass-style temples or stereo headphones; monocular smart glasses products for the enterprise, industrial, and commercial markets, as well as video headphones; augmented reality products, which provide the user a live, direct or indirect, view of a physical, and real-world environment; and video viewing glasses as mobile displays for entertainment and gaming for on-the-go users, as well as support for stepping into virtual worlds, simulations, and virtual reality gaming.
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