Vuzix (NASDAQ:VUZI – Free Report) had its price objective lowered by Craig Hallum from $3.00 to $2.00 in a research note published on Thursday morning, Benzinga reports. Craig Hallum currently has a buy rating on the stock.
Vuzix Price Performance
Shares of NASDAQ VUZI opened at $0.87 on Thursday. The company has a market cap of $56.33 million, a price-to-earnings ratio of -1.10 and a beta of 1.53. The stock’s 50-day moving average is $1.25 and its two-hundred day moving average is $1.37. Vuzix has a 1-year low of $0.83 and a 1-year high of $4.29.
Vuzix (NASDAQ:VUZI – Get Free Report) last released its earnings results on Wednesday, August 14th. The company reported ($0.62) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.52). The firm had revenue of $1.09 million for the quarter. Vuzix had a negative return on equity of 97.98% and a negative net margin of 1,285.06%.
Hedge Funds Weigh In On Vuzix
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.
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