Vuzix (VUZI) Gets a Hold Rating from Maxim Group

Maxim Group analyst Jack Vander Aarde maintained a Hold rating on Vuzix (VUZIResearch Report) yesterday. The company’s shares closed last Tuesday at $16.92.

According to TipRanks.com, Aarde is a top 25 analyst with an average return of 102.5% and a 66.3% success rate. Aarde covers the Technology sector, focusing on stocks such as Summit Wireless Technologies, BIO-key International, and WiMi Hologram Cloud.

Currently, the analyst consensus on Vuzix is a Moderate Buy with an average price target of $30.00.

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Based on Vuzix’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $4.23 million and GAAP net loss of $3.59 million. In comparison, last year the company earned revenue of $1.95 million and had a GAAP net loss of $9.58 million.

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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. The firm’s solutions include VUZIX basic apps, VIP program, remote support., Tele-medicine and warehouse logistics. The company was founded by Paul J. Travers in 1997 and is headquartered in West Henrietta, NY.