Maxim Group analyst Nehal Chokshi reiterated a Buy rating on Vuzix Corporation (VUZI) today and set a price target of $11. The company’s shares closed yesterday at $4.94, close to its 52-week low of $4.26.
Chokshi said:
“VUZI continues to be in the pole position for AR glasses, in our view. North AR makes a splash at CES 2019, but has clear shortcomings, in our view. LetinAR impresses on optical train front. Reiterate Buy rating and $11 price target.”
According to TipRanks.com, Chokshi is a 5-star analyst with an average return of 10.6% and a 58.9% success rate. Chokshi covers the Consumer Goods sector, focusing on stocks such as Hewlett Packard Enterprise, Super Micro Computer, and Palo Alto Networks.
Vuzix Corporation has an analyst consensus of Moderate Buy, with a price target consensus of $11.
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The company has a one-year high of $11.40 and a one-year low of $4.26. Currently, Vuzix Corporation has an average volume of 252.4K.
Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of VUZI in relation to earlier this year.
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Vuzix Corp. engages in the design, manufacture, marketing, sale, and supply of augmented reality wearable display devices. Its products include personal display and wearable computing devices that offer users a portable viewing experience, provide solutions for mobility, wearable displays and virtual and augmented reality.
