Business

News to Track: Vuzix® Corporation (NASDAQ:VUZI)

Vuzix® Corporation (NASDAQ:VUZI) spotted trading -60.80% off 52-week high price. On the other end, the stock has been noted 18.79% away from the low price over the last 52-weeks. The stock changed 0.51% to recent value of $1.96. The stock transacted 898642 shares during most recent day however it has an average volume of 285.27K shares. The company has 31.21M of outstanding shares and 29.15M shares were floated in the market.  

On Jan. 21, 2020, Vuzix® Corporation (NASDAQ:VUZI) a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, released the commercial availability of a Zoom video conferencing application for the Vuzix M-Series and the Vuzix Blade® Smart Glasses.

Zoom is one of the fastest growing cloud video conferencing applications for end-to-end enterprise communications and has more than 66,000 business customers that have at least 10 employees.  Vuzix has received numerous inbound requests from small through large organizations interested in leveraging Zoom in their day-to-day business operations with smart glasses.

Zoom customers can connect to a remote mentor or support team hands-free when using our M-Series or Vuzix Blade Smart Glasses. The Zoom video conferencing application from Vuzix provides our customers with a version of this application developed specifically for the Vuzix smart glasses that allows them to login, connect and share POV (point-of-view) fed real-time from the camera of Vuzix smart glasses, said Paul Travers, Vuzix President and Chief Executive Officer. And like Zoom, the app is not only good for one-to-one support calls but also one-to-many, which allows remote workers to share what they are seeing with all of the users that have joined the meeting simultaneously.

 Its earnings per share (EPS) expected to touch remained 14.20% for this year while earning per share for the next 5-years is expected to reach at 20.00%. VUZI has a gross margin of 3.90%. 

 According to the most recent quarter its current ratio was 10.3 that represents company’s ability to meet its current financial obligations. The price moved ahead of -4.27% from the mean of 20 days, -9.31% from mean of 50 days SMA and performed -19.76% from mean of 200 days price. Company’s performance for the week was 4.81%, -10.50% for month and YTD performance remained -2.49%.

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