Notable Stock to Watch: Vuzix® Corporation (NASDAQ: VUZI)
Vuzix® Corporation (NASDAQ: VUZI) changed 8.74% to recent value of $1.99. The stock transacted 606694 shares during most recent day however it has an average volume of 870.44K shares. It spotted trading -72.74% off 52-week high price. On the other end, the stock has been noted 12.43% away from the low price over the last 52-weeks.
Vuzix® Corporation (NASDAQ: VUZI), (“Vuzix” or, the “Company”), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, today is announcing the introduction of Vuzix Blade Smart Glasses – Safety Certified for enterprise at a price point of $999 USD. The Vuzix Blade Smart Glasses Safety Certified have been certified as personal protective equipment (PPE) in the United States with (ANSI Z87.1) and European Union (CE EN166/170) and are now available for purchase from the Vuzix US and EU websites. According to Gran View Research, the global safety glasses market totaled $2.3 billion USD in 2018 and is expected to grow to $3.0 billion USD by 2025, indicating the strong demand for eye protection devices within enterprises and industry. With the introduction of the Vuzix Blade Smart Glasses Safety Certified model, users can now wear eye protection and enjoy the power and convenience of smart glasses.
“The Vuzix Blade Smart Glasses Safety Certified provide not only the necessary protection for many industrial applications and worksites but offer an all-in-one smart wearable technology that can provide work instructions or expert remote support to enterprise workers,” said Paul Travers, Vuzix President and Chief Executive Officer. “Numerous enterprise customers have requested a safety glasses version of the Blade from Vuzix to support their enterprise employees within industrial manufacturing, in the lab, out in the field or on the construction site.”
Separately, the Vuzix Blade ‘Dads and Grads Summer Spree’ program that was announced over the summer around a series of consumer-friendly applications was a great success and has come to an end. The Vuzix Blade (non-safety certified) is now priced at $799 USD effective immediately.
VUZI has a gross margin of 14.90% . 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%.
The company has 33.06M of outstanding shares and 29.15M shares were floated in the market. According to the most recent quarter its current ratio was 4.7 that represents company’s ability to meet its current financial obligations. The price moved ahead of 2.99% from the mean of 20 days, -21.40% from mean of 50 days SMA and performed -43.12% from mean of 200 days price. Company’s performance for the week was 6.99%, -0.50% for month and YTD performance remained -58.63%.
William Flanagan focuses on breaking technology news stories and ensuring we offer timely reporting on some of the latest stories released through worldwide. He has previously spent over 5 years as a trader in us stock market and is now semi-retired. He works on a full time basis for analystsbuzz.com specializing in quicker technology news writing with a short term view on investment opportunities and trends. Williamjournalism graduate with keen interest in covering Technology news – specifically startups. He has as a keen eye for technologies and has predicted quite a few successful startups over the last couple of years.
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