Vuzix (NASDAQ:VUZI) received a $10.00 price objective from analysts at Chardan Capital in a research note issued on Monday. The firm presently has a “buy” rating on the stock. Chardan Capital’s target price points to a potential upside of 60.00% from the stock’s previous close.
A number of other brokerages also recently issued reports on VUZI. Zacks Investment Research downgraded Vuzix from a “hold” rating to a “sell” rating in a research report on Friday, November 17th. Maxim Group restated a “buy” rating and set a $11.00 price objective on shares of Vuzix in a research report on Wednesday, September 6th.
Vuzix (NASDAQ:VUZI) opened at $6.25 on Monday. Vuzix has a 1 year low of $4.10 and a 1 year high of $7.80. The stock has a market capitalization of $151.69, a PE ratio of -5.68 and a beta of 1.15.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in VUZI. Vanguard Group Inc. increased its holdings in shares of Vuzix by 15.0% during the second quarter. Vanguard Group Inc. now owns 646,120 shares of the company’s stock valued at $4,232,000 after acquiring an additional 84,127 shares in the last quarter. ETF Managers Group LLC bought a new stake in shares of Vuzix during the second quarter valued at approximately $236,000. Finally, GSA Capital Partners LLP increased its holdings in shares of Vuzix by 261.3% during the second quarter. GSA Capital Partners LLP now owns 38,300 shares of the company’s stock valued at $251,000 after acquiring an additional 27,700 shares in the last quarter. Hedge funds and other institutional investors own 7.92% of the company’s stock.
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Vuzix Company Profile
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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