Vuzix Corporation (VUZI) Earns News Sentiment Score of 0.01

Media stories about Vuzix Corporation (NASDAQ:VUZI) have trended somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Vuzix Corporation earned a media sentiment score of 0.01 on Accern’s scale. Accern also gave news coverage about the company an impact score of 44.9155065416828 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

These are some of the news articles that may have effected Accern Sentiment’s scoring:

A number of equities research analysts have recently commented on the company. Zacks Investment Research raised Vuzix Corporation from a “hold” rating to a “buy” rating and set a $7.75 price target on the stock in a research report on Thursday, July 13th. Maxim Group set a $11.00 price target on Vuzix Corporation and gave the stock a “buy” rating in a research report on Wednesday, July 19th.

Vuzix Corporation (VUZI) traded down 4.31% during midday trading on Friday, hitting $5.55. The stock had a trading volume of 77,640 shares. The company’s 50 day moving average price is $5.80 and its 200-day moving average price is $5.98. Vuzix Corporation has a 52 week low of $4.10 and a 52 week high of $8.70. The stock’s market capitalization is $114.74 million.

Vuzix Corporation (NASDAQ:VUZI) last posted its quarterly earnings results on Wednesday, August 9th. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.01). Vuzix Corporation had a negative return on equity of 143.10% and a negative net margin of 524.82%. The firm had revenue of $1.33 million for the quarter. Equities analysts anticipate that Vuzix Corporation will post ($0.76) earnings per share for the current fiscal year.

In other news, COO Paul A. Boris purchased 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The shares were acquired at an average cost of $6.10 per share, with a total value of $61,000.00. Following the purchase, the chief operating officer now owns 160,000 shares in the company, valued at $976,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Paul A. Boris purchased 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 4th. The shares were purchased at an average cost of $5.20 per share, for a total transaction of $26,000.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 17,300 shares of company stock worth $99,535. 18.40% of the stock is owned by company insiders.

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Vuzix Corporation Company Profile

Vuzix Corporation designs, manufactures, markets, and sells wearable display devices in the United States and internationally. The company’s products are worn like eyeglasses that enable the user to view video and digital content, such as movies, computer data, the Internet, or video games. Its products include binocular wearable displays that contain two micro displays mounted in a frame attached to eyeglass-style temples or stereo headphones; monocular smart glasses products for the enterprise, industrial, and commercial markets, as well as video headphones; augmented reality products, which provide the user a live, direct or indirect, view of a physical, and real-world environment; and video viewing glasses as mobile displays for entertainment and gaming for on-the-go users, as well as support for stepping into virtual worlds, simulations, and virtual reality gaming.

Insider Buying and Selling by Quarter for Vuzix Corporation (NASDAQ:VUZI)

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