Vuzix (NASDAQ:VUZI) Stock Crosses Below Two Hundred Day Moving Average – Should You Sell?

Vuzix Corporation (NASDAQ:VUZI)’s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $2.86 and traded as low as $2.12. Vuzix shares last traded at $2.14, with a volume of 1,047,319 shares.

Analysts Set New Price Targets

A number of research firms have weighed in on VUZI. Wall Street Zen cut Vuzix from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. Weiss Ratings restated a “sell (d-)” rating on shares of Vuzix in a research note on Wednesday, July 15th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Vuzix Stock Performance

The company has a market capitalization of $193.76 million, a price-to-earnings ratio of -5.82 and a beta of 1.74. The stock has a 50-day simple moving average of $3.11 and a 200-day simple moving average of $2.85.

Vuzix (NASDAQ:VUZI) last released its quarterly earnings results on Thursday, May 14th. The company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.01. The business had revenue of $1.39 million during the quarter, compared to the consensus estimate of $1.35 million. Vuzix had a negative net margin of 504.12% and a negative return on equity of 116.50%.

Insiders Place Their Bets

In other news, Director Timothy Heydenreich Harned sold 10,000 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $4.73, for a total value of $47,300.00. Following the sale, the director owned 318,158 shares in the company, valued at approximately $1,504,887.34. This represents a 3.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Paula Beck Whitten-Doolin sold 32,000 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $4.68, for a total transaction of $149,760.00. Following the completion of the sale, the director owned 90,668 shares in the company, valued at approximately $424,326.24. This trade represents a 26.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 7.30% of the company’s stock.

Institutional Trading of Vuzix

Hedge funds and other institutional investors have recently bought and sold shares of the company. Alesco Advisors LLC An ESL Co lifted its holdings in Vuzix by 2,570.1% during the 1st quarter. Alesco Advisors LLC An ESL Co now owns 267,011 shares of the company’s stock worth $617,000 after buying an additional 257,011 shares during the last quarter. SEB Asset Management AB bought a new stake in shares of Vuzix in the 1st quarter valued at approximately $320,000. Laidlaw Wealth Management LLC acquired a new stake in shares of Vuzix during the 1st quarter valued at approximately $79,000. Hsbc Holdings PLC acquired a new stake in shares of Vuzix during the 1st quarter valued at approximately $134,000. Finally, AIGH Capital Management LLC bought a new position in Vuzix during the first quarter worth $7,613,000. 35.87% of the stock is owned by institutional investors.

Vuzix Company Profile

Vuzix Corporation (NASDAQ: VUZI) is a technology company specializing in the design, development and manufacture of wearable display devices and smart glasses. Headquartered in Rochester, New York, Vuzix focuses on next-generation augmented reality (AR) and virtual reality (VR) solutions that enable hands-free access to video, data and applications. Its products integrate high-resolution optics, onboard sensors and wireless connectivity to support immersive visual experiences for professional and consumer use.

Vuzix’s product portfolio includes smart glasses and head-mounted displays such as the Vuzix Blade series and the M400 family.