Vuzix (VUZI) Scheduled to Post Quarterly Earnings on Thursday

Vuzix (NASDAQ:VUZI) is scheduled to release its earnings data after the market closes on Thursday, May 9th. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Vuzix (NASDAQ:VUZI) last posted its earnings results on Monday, April 15th. The company reported ($0.32) earnings per share for the quarter. The firm had revenue of $1.07 million during the quarter. Vuzix had a negative net margin of 413.47% and a negative return on equity of 51.52%.

Vuzix Stock Performance

NASDAQ:VUZI traded down $0.02 on Tuesday, hitting $1.28. The stock had a trading volume of 82,196 shares, compared to its average volume of 698,606. The company has a fifty day moving average price of $1.37 and a two-hundred day moving average price of $1.90. Vuzix has a 1-year low of $1.10 and a 1-year high of $6.06.

Insider Buying and Selling at Vuzix

In related news, Director Timothy Heydenreich Harned acquired 20,000 shares of the firm’s stock in a transaction dated Monday, April 22nd. The shares were purchased at an average cost of $1.31 per share, for a total transaction of $26,200.00. Following the acquisition, the director now owns 186,016 shares in the company, valued at approximately $243,680.96. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have bought 42,000 shares of company stock worth $54,375 in the last ninety days. 8.20% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, Craig Hallum decreased their target price on shares of Vuzix from $3.50 to $3.00 and set a “buy” rating on the stock in a report on Tuesday, April 16th.

Vuzix Company Profile

Vuzix Corporation, together with its subsidiaries, designs, manufactures, markets, and sells augmented reality (AR) wearable display and computing devices in North America, Europe, the Asia-Pacific, and internationally. It provides monocular smart glasses for enterprise, industrial, commercial, defense and security, and medical markets; Vuzix Z100, Vuzix Blade, and Vuzix Shield smart glasses; original equipment manufacturer waveguide optics and display engines; and Mobilium logistics mobility software, which removes traditional middleware, and supports various ERP systems and modern-day warehouse picking with wearable devices, as well as custom solutions and engineering solutions.