Vuzix Corporation [NASDAQ:VUZI] shares are showing an active tape with a current price of $5.05 on Friday.
Vuzix Corporation is in the Technology sector under the Consumer Electronics industry. This week, we are watching the stock hit price per sales of 24.48 with an earning per share of -0.79.
For the year, the stock is trading 126.87% and the five-day change stands at 2.70%. As a point of reference, the S&P 500 is trading 1.11% YTD.
The Price is right
Holding a Market Cap of $188.51 million, Vuzix Corporation has seen a trading range over the last year of $0.86-$5.10.
For the last five days, VUZI is up from its last closing price. The average shares trading hands each day is 2.39M, with average 10-day volume coming in at 1.15 million.
Using a Force Index Indicator is a good way to look at how strong actual buying and selling pressure is for VUZI. When we apply the Elder Force Index to Vuzix Corporation, we are seeing an Elder Force Indicator number of 1100349.88.
The company’s enterprise value has gone from $89.04M to $32.24M quarter-over-quarter. Obviously, the company is heading in the wrong direction, but there are still opportunities for growth in the sector.
In the last quarter, VUZI made a profit of 0.8 million. Vuzix Corporation also saw quarter revenue growth year over year of -17.59%. In addition, the company has operating cash flow of -$19.54 million.
Looking at popular technical indicators, the company’s 5-day moving average is 4.52 compared to the 50-day moving average of 4.2029. So, we are clearly seeing an upward trajectory here.
The Relative Strength Index or RSI is an indicator ranging between 0 and 100 that traders use to determine if a stock is “overbought” or “oversold.” A strong uptrend tending to reach into the “overbought” status is above 70, while a downward trend will stay around the 30 mark. VUZI currently holds a 9-day RSI of 64.58%, while 100-day RSI stands at 55.98%.
Another indicator we believe is worth keeping tabs on is the Moving Average Convergence Divergence or MACD. Similar to the concept of the Force Index — on the basis of price momentum — the MACD gives traders a tool to measure the turning point of a stock even during rapid fluctuations in price. Buy and sell signals are determined by a stock’s relation to the zero line, so if a stock is above a zero line for many weeks it might be a “buy.” On the other hand, if a stock is below the zero line consistently, it might be one to stay away from. Also, if the MACD line reaches a peak and dips, its momentum may be waning. VUZI’s 9-day MACD is 0.06 and the company’s 100-day MACD stands at 1.05.
Another area that is important to analyze is insider moves and majority shareholders. While this is not always an error-free way to tell what the future holds for a stock, you can maybe gather important information from reading the tea leaves about who is buying and selling.
The major holders for this stock are 12.99% by insiders and 15.99% by institutions.
Overall, the recommended rating for VUZI is Moderate Buy. Currently, the company has 4 analysts watching the stock, and the average quarterly earnings estimate is -0.12. Quarterly revenue estimates are averaging 3.16M with the high estimate reaching 3.66M and the low at 2.67M.
To review, the current 1-year target estimate is sitting at 6.83, while the current price 5.05. Based on this, we expect the stock to rise considering the aforementioned fundamentals.