Vuzix Co. (NASDAQ:VUZI) received a $10.00 price target from equities researchers at Chardan Capital in a research note issued to investors on Friday. The firm currently has a “buy” rating on the stock. Chardan Capital’s price objective suggests a potential upside of 45.99% from the company’s previous close.
Separately, Zacks Investment Research cut Vuzix from a “buy” rating to a “hold” rating in a report on Wednesday, January 18th.
Vuzix (NASDAQ:VUZI) traded down 8.76% during midday trading on Friday, hitting $6.25. The stock had a trading volume of 451,657 shares. The stock’s market cap is $109.75 million. The company’s 50 day moving average price is $6.46 and its 200-day moving average price is $7.35. Vuzix has a 52-week low of $4.30 and a 52-week high of $9.80.
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An institutional investor recently raised its position in Vuzix stock. Thompson Davis & CO. Inc. raised its position in shares of Vuzix Co. (NASDAQ:VUZI) by 250.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,900 shares of the company’s stock after buying an additional 15,650 shares during the period. Thompson Davis & CO. Inc. owned about 0.13% of Vuzix worth $194,000 as of its most recent filing with the SEC. 8.12% of the stock is owned by institutional investors and hedge funds.
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