Vuzix Corporation (VUZI) Gets a Buy Rating from Chardan Capital

By Austin Angelo

In a report released today, James McIlree from Chardan Capital reiterated a Buy rating on Vuzix Corporation (VUZIResearch Report), with a price target of $10. The company’s shares closed yesterday at $3.62.

According to TipRanks.com, McIlree is a 1-star analyst with an average return of -3.7% and a 40.5% success rate. McIlree covers the Consumer Goods sector, focusing on stocks such as Foresight Autonomous Holdings Ltd, KEYW Holding, and Arcimoto Inc.

Vuzix Corporation has an analyst consensus of Strong Buy, with a price target consensus of $8.67.

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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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.