Zacks: Vuzix Co. (NASDAQ:VUZI) Given Consensus Rating of “Strong Buy” by Brokerages
Posted by Bonnie Powley on Jan 12th, 2016 // No Comments
Vuzix logoVuzix Co. (NASDAQ:VUZI) has received an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation.
Brokers have set a 1 year consensus price objective of $8.50 for the company and are predicting that the company will post ($0.12) earnings per share for the current quarter, according to Zacks. Zacks has also given Vuzix an industry rank of 157 out of 265 based on the ratings given to its competitors.
A number of equities analysts have recently weighed in on VUZI shares. Chardan Capital started coverage on shares of Vuzix in a research note on Monday, September 28th. They set a “buy” rating and a $7.00 price target on the stock. Zacks Investment Research cut shares of Vuzix from a “hold” rating to a “sell” rating in a research note on Wednesday, October 14th. Rodman & Renshaw started coverage on shares of Vuzix in a research note on Thursday, December 10th. They set a “buy” rating and a $10.00 price target on the stock. Finally, HC Wainwright reaffirmed a “buy” rating and set a $10.00 price target on shares of Vuzix in a research note on Thursday, December 10th.
Shares of Vuzix (NASDAQ:VUZI) traded down 1.7837% during midday trading on Tuesday, hitting $4.9501. 315,043 shares of the company were exchanged. Vuzix has a 52-week low of $3.61 and a 52-week high of $8.56. The stock’s market capitalization is $79.49 million. The company has a 50-day moving average price of $6.42 and a 200-day moving average price of $5.45.
Vuzix (NASDAQ:VUZI) last posted its quarterly earnings results on Friday, November 13th. The company reported ($0.17) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.16) by $0.01. On average, analysts forecast that Vuzix will post ($0.89) EPS for the current year.
12 Month Chart for NASDAQ:VUZI
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