VUZI Stock Summary and Trading Ideas (Vuzix | NASDAQ:VUZI)

Vuzix Corp is engaged in the design, manufacturing, marketing, and selling of Smart Glasses and Augmented Reality (AR) technologies and products for the enterprise, medical, defense, and consumer markets. Its products include head-mounted (or HMDs or heads-up displays or HUDs) smart personal display and wearable computing devices that offer users a portable high-quality viewing experience, provide solutions for mobility, wearable displays, and augmented reality, as well as OEM waveguide optical components and display engines. Geographically, the company generates a majority of its revenue from the United States and also has a presence in Japan, Netherlands, and other countries.

Vuzix trades on the NASDAQ stock market under the symbol VUZI.

As of April 24, 2024, VUZI stock price climbed to $1.34 with 656,892 million shares trading.

VUZI has a beta of 1.57, meaning it tends to be more sensitive to market movements. VUZI has a correlation of 0.09 to the broad based SPY ETF.

VUZI has a market cap of $86.73 million. This is considered a Micro Cap stock.

Last quarter Vuzix reported $1 million in Revenue and -$.32 earnings per share. This fell short of revenue expectation by $-1 million and missed earnings estimates by -$.18.

In the last 3 years, VUZI stock traded as high as $26.44 and as low as $1.10.

The top ETF exchange traded funds that VUZI belongs to (by Net Assets): ARKW, ARKQ, VTI, IWM, VXF.

VUZI has underperformed the market in the last year with a price return of -65.2% while the SPY ETF gained +24.2%. VUZI has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -25.1% and -11.3%, respectively, while the SPY returned +4.6% and -2.7%, respectively.

VUZI support price is $1.23 and resistance is $1.39 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that VUZI stock will trade within this expected range on the day.