Vuzix Corporation (VUZI) Receives a Buy from Chardan Capital
In a report released today, James McIlree from Chardan Capital reiterated a Buy rating on Vuzix Corporation (VUZI), with a price target of $10. The company’s shares closed yesterday at $4.23.
McIlree has an average return of 7.1% when recommending Vuzix Corporation.
According to TipRanks.com, McIlree is ranked #4339 out of 5204 analysts.
Currently, the analyst consensus on Vuzix Corporation is a Moderate Buy with an average price target of $9.
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Based on Vuzix Corporation’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $6.36 million. In comparison, last year the company had a GAAP net loss of $5.37 million.
Based on the recent corporate insider activity of 15 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.