La cadena de opciones muestra datos clave de las opciones de acciones de Vuzix a varios precios de ejercicio y fechas de vencimiento. Los operadores utilizan esta información para analizar posibles operaciones y evaluar el sentimiento del mercado para Vuzix..

Vuzix (NASDAQ:VUZI) Bolsa, Cadena de Opciones

Vuzix

Vuzix Corp is engaged in the design, manufacturing, marketing, and selling of Smart Glasses and Augmented Reality (AR) technologies and products for the enterprise, medical, defense, and consumer markets. Its products include head-mounted (or HMDs or heads-up displays or HUDs) smart personal display and wearable computing devices that offer users a portable high-quality viewing experience, provide solutions for mobility, wearable displays, and augmented reality, as well as OEM waveguide optical components and display engines. Geographically, the company generates a majority of its revenue from the United States and also has a presence in Japan, Netherlands, and other countries.

Vuzix Corp

WIIM

VUZI

Vuzix shares are trading lower after the company reported worse-than-expected Q3 financial results.

Vuzix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VUZI#NASDAQ">VUZI</a>) reported quarterly losses of $(0.14) per share which missed the analyst consensus estimate of $(0.12) by 16.67 percent. The company reported quarterly sales of $1.386 million which missed the analyst consensus estimate of $1.967 million by 29.54 percent. This is a 36.42 percent decrease over sales of $2.180 million the same period last year.

Earnings

Earnings Misses

News

Vuzix Q3 2024 GAAP EPS $(0.14) Misses $(0.12) Estimate, Sales $1.386M Miss $1.967M Estimate

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POST

Earnings Scheduled For November 14, 2024

Vuzix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VUZI#NASDAQ">VUZI</a>) is preparing to release its quarterly earnings on Thursday, 2024-11-14. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect Vuzix to report an earnings per share (EPS) of $-0.12.
Investors in Vuzix are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
<h3>Performance in Previous Earnings</h3>
Last quarter the company missed EPS by $0.52, which was followed by a 9.58% drop in the share price the next day.
Here's a look at Vuzix's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>-0.10</td>
<td>-0.15</td>
<td>-0.14</td>
<td>-0.15</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>-0.62</td>
<td>-0.16</td>
<td>-0.32</td>
<td>-0.17</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-10.0%</td>
<td>3.0%</td>
<td>-3.0%</td>
<td>-17.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1731506529_0.png" alt="eps graph" />
<h3>Market Performance of Vuzix's Stock</h3>
Shares of Vuzix were trading at $1.05 as of November 12. Over the last 52-week period, shares are down 55.13%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release. 
<h3>Analyst Insights on Vuzix</h3>
For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Vuzix.
Vuzix has received a total of 1 ratings from analysts, with the consensus rating as Buy. With an average one-year price target of $2.0, the consensus suggests a potential 90.48% upside.
<h3>Comparing Ratings with Competitors</h3>
The below comparison of the analyst ratings and average 1-year price targets of Sono-Tek, LightPath Technologies and Coda Octopus Group, three prominent players in the industry, gives insights for their relative performance expectations and market positioning.
<ul>
<li>Sono-Tek received a Outperform consensus from analysts, with an average 1-year price target of $10.0, implying a potential 852.38% upside.</li>
<li>The prevailing sentiment among analysts is an Buy trajectory for LightPath Technologies, with an average 1-year price target of $3.0, implying a potential 185.71% upside.</li>
<li>Coda Octopus Group is maintaining an Buy status according to analysts, with an average 1-year price target of $11.0, indicating a potential 947.62% upside.</li>
</ul>
<h3>Analysis Summary for Peers</h3>
The peer analysis summary presents essential metrics for Sono-Tek, LightPath Technologies and Coda Octopus Group, unveiling their respective standings within the industry and providing valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Vuzix</td>
<td>Buy</td>
<td>-76.71%</td>
<td>$-333.14K</td>
<td>-74.83%</td>
</tr>
<tr>
<td>Sono-Tek</td>
<td>Outperform</td>
<td>-8.46%</td>
<td>$2.52M</td>
<td>2.02%</td>
</tr>
<tr>
<td>LightPath Technologies</td>
<td>Buy</td>
<td>-10.85%</td>
<td>$2.53M</td>
<td>-7.60%</td>
</tr>
<tr>
<td>Coda Octopus Group</td>
<td>Buy</td>
<td>11.98%</td>
<td>$4.05M</td>
<td>2.45%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Vuzix ranks at the bottom for Revenue Growth and Gross Profit, with negative percentages indicating a decline. However, it ranks at the top for Return on Equity, showing a positive percentage. Overall, Vuzix's performance is mixed compared to its peers, with room for improvement in revenue-related metrics.
<h3>All You Need to Know About Vuzix</h3>
Vuzix Corp is engaged in the design, manufacturing, marketing, and selling of Smart Glasses and Augmented Reality (AR) technologies and products for the enterprise, medical, defense, and consumer markets. Its products include head-mounted (or HMDs or heads-up displays or HUDs) smart personal display and wearable computing devices that offer users a portable high-quality viewing experience, provide solutions for mobility, wearable displays, and augmented reality, as well as OEM waveguide optical components and display engines. Geographically, the company generates a majority of its revenue from the United States and also has a presence in Japan, Netherlands, and other countries.
<h3>Key Indicators: Vuzix's Financial Health</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Negative Revenue Trend: Examining Vuzix's financials over 3 months reveals challenges. As of 30 June, 2024, the company experienced a decline of approximately -76.71% in revenue growth, reflecting a decrease in top-line earnings. When compared to others in the Information Technology sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Vuzix's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of -3717.12%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Vuzix's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of -74.83%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Vuzix's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of -70.5%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: Vuzix's debt-to-equity ratio is below the industry average. With a ratio of 0.02, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<a href="https://www.benzinga.com/quote/VUZI/earnings">To track all earnings releases for Vuzix visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Glimpse of Vuzix's Earnings Potential

<h3>Gainers</h3>
<ul>
<li>Taoping (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TAOP#NASDAQ">TAOP</a>) shares moved upwards by 6.9% to $0.56 during Friday's after-market session. The market value of their outstanding shares is at $2.5 million. </li>
<li>CompoSecure (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMPO#NASDAQ">CMPO</a>) shares moved upwards by 4.77% to $15.8. The market value of their outstanding shares is at $1.3 billion. </li>
<li>DatChat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DATS#NASDAQ">DATS</a>) shares increased by 4.65% to $1.35. The market value of their outstanding shares is at $4.0 million. </li>
<li>CCSC Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCTG#NASDAQ">CCTG</a>) stock rose 4.54% to $1.84. The company's market cap stands at $21.3 million. </li>
<li>Intrusion (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTZ#NASDAQ">INTZ</a>) shares rose 4.29% to $0.77. The market value of their outstanding shares is at $5.1 million. </li>
<li>Vuzix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VUZI#NASDAQ">VUZI</a>) shares rose 3.11% to $1.34. The market value of their outstanding shares is at $98.6 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Signing Day Sports (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SGN#AMEX">SGN</a>) shares fell 7.6% to $0.24 during Friday's after-market session. The company's market cap stands at $4.2 million. </li>
<li>Saiheat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIH#NASDAQ">SAIH</a>) shares fell 5.34% to $0.97. The market value of their outstanding shares is at $24.0 million. </li>
<li>CISO Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CISO#NASDAQ">CISO</a>) stock declined by 5.0% to $0.87. The market value of their outstanding shares is at $10.2 million. </li>
<li>Alpha Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATGL#NASDAQ">ATGL</a>) shares fell 4.93% to $6.37. The company's market cap stands at $97.2 million. </li>
<li>Quantum (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QMCO#NASDAQ">QMCO</a>) stock declined by 4.87% to $3.91. The company's market cap stands at $18.7 million. </li>
<li>My Size (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MYSZ#NASDAQ">MYSZ</a>) shares declined by 4.67% to $1.84. The market value of their outstanding shares is at $1.9 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Information Technology Stocks Moving In Friday's After-Market Session

<h3>Gainers</h3>
<ul>
<li>Wrap Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WRAP#NASDAQ">WRAP</a>) stock rose 16.6% to $1.83 during Monday's pre-market session. The market value of their outstanding shares is at $83.9 million. </li>
<li>Auddia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUUD#NASDAQ">AUUD</a>) stock moved upwards by 12.15% to $0.64. The market value of their outstanding shares is at $3.6 million. </li>
<li>Blend Labs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLND#NYSE">BLND</a>) shares rose 9.06% to $3.97. The company's market cap stands at $1.0 billion. </li>
<li>Alarum Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALAR#NASDAQ">ALAR</a>) stock moved upwards by 7.38% to $11.24. The market value of their outstanding shares is at $77.2 million. </li>
<li>BTC Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTCT#NASDAQ">BTCT</a>) shares moved upwards by 6.91% to $1.7. The company's market cap stands at $4.4 million. </li>
<li>X3 Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XTKG#NASDAQ">XTKG</a>) stock rose 6.29% to $0.2. The market value of their outstanding shares is at $54.4 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Zapata Computing Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZPTA#NASDAQ">ZPTA</a>) shares decreased by 71.2% to $0.08 during Monday's pre-market session. The market value of their outstanding shares is at $2.9 million. </li>
<li>ZenaTech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZENA#NASDAQ">ZENA</a>) stock decreased by 10.21% to $2.2. The market value of their outstanding shares is at $38.8 million. </li>
<li>Signing Day Sports (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SGN#AMEX">SGN</a>) shares fell 5.89% to $0.24. The company's market cap stands at $4.3 million. </li>
<li>Vuzix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VUZI#NASDAQ">VUZI</a>) stock declined by 5.85% to $1.28. The company's market cap stands at $94.2 million. </li>
<li>Verb Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERB#NASDAQ">VERB</a>) shares declined by 5.19% to $7.5. The market value of their outstanding shares is at $5.4 million. </li>
<li>Banzai International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNZI#NASDAQ">BNZI</a>) shares fell 3.84% to $4.26. The company's market cap stands at $16.0 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Information Technology Stocks Moving In Monday's Pre-Market Session

<h3>Gainers</h3>
<ul>
<li>ZenaTech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZENA#NASDAQ">ZENA</a>) stock increased by 10.3% to $2.04 during Wednesday's after-market session. The market value of their outstanding shares is at $36.0 million. </li>
<li>Intrusion (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTZ#NASDAQ">INTZ</a>) stock moved upwards by 5.69% to $0.97. The company's market cap stands at $6.4 million. As per the press release, Q3 earnings came out today. </li>
<li>X3 Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XTKG#NASDAQ">XTKG</a>) stock rose 4.83% to $0.2. The market value of their outstanding shares is at $54.3 million. </li>
<li>Sobr Safe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOBR#NASDAQ">SOBR</a>) shares rose 4.16% to $7.51. The company's market cap stands at $2.3 million. </li>
<li>Toyo Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TOYO#NASDAQ">TOYO</a>) stock rose 4.04% to $2.83. The market value of their outstanding shares is at $125.4 million. </li>
<li>Banzai International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNZI#NASDAQ">BNZI</a>) shares rose 3.98% to $5.22. The market value of their outstanding shares is at $17.9 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>E2open Parent Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETWO#NYSE">ETWO</a>) shares declined by 21.6% to $3.2 during Wednesday's after-market session. The company's market cap stands at $985.5 million. As per the news, the Q2 earnings report came out today. </li>
<li>Cemtrex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CETX#NASDAQ">CETX</a>) stock fell 16.77% to $0.59. </li>
<li>Peraso (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRSO#NASDAQ">PRSO</a>) shares declined by 6.71% to $1.67. The market value of their outstanding shares is at $4.7 million. </li>
<li>Alpha Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATGL#NASDAQ">ATGL</a>) stock declined by 4.92% to $6.39. The market value of their outstanding shares is at $97.5 million. </li>
<li>Vuzix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VUZI#NASDAQ">VUZI</a>) stock declined by 4.55% to $1.26. The market value of their outstanding shares is at $92.7 million. </li>
<li>AEye (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIDR#NASDAQ">LIDR</a>) stock fell 3.97% to $1.21. The company's market cap stands at $10.8 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Information Technology Stocks Moving In Wednesday's After-Market Session

<h3>Gainers</h3>
<ul>
<li>Astera Labs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALAB#NASDAQ">ALAB</a>) shares rose 16.5% to $61.7 during Wednesday's pre-market session. The market value of their outstanding shares is at $9.6 billion. </li>
<li>NiSun Intl Enterprise Dev (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NISN#NASDAQ">NISN</a>) stock moved upwards by 11.57% to $21.4. The market value of their outstanding shares is at $84.5 million. </li>
<li>Banzai International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNZI#NASDAQ">BNZI</a>) stock increased by 9.39% to $3.02. The market value of their outstanding shares is at $10.3 million. </li>
<li>Vuzix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VUZI#NASDAQ">VUZI</a>) shares rose 5.78% to $1.28. The market value of their outstanding shares is at $94.2 million. </li>
<li>NOVONIX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVX#NASDAQ">NVX</a>) stock rose 5.61% to $2.07. The market value of their outstanding shares is at $255.5 million. </li>
<li>SEALSQ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAES#NASDAQ">LAES</a>) shares increased by 5.59% to $0.44. The company's market cap stands at $13.0 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Mobilicom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOB#NASDAQ">MOB</a>) shares decreased by 17.8% to $0.95 during Wednesday's pre-market session. The market value of their outstanding shares is at $6.0 million. </li>
<li>Cemtrex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CETX#NASDAQ">CETX</a>) stock decreased by 14.73% to $0.77. </li>
<li>MMTEC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTC#NASDAQ">MTC</a>) stock declined by 8.96% to $0.39. The market value of their outstanding shares is at $77.9 million. </li>
<li>SPI Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPI#NASDAQ">SPI</a>) stock fell 5.95% to $0.48. The market value of their outstanding shares is at $15.1 million. </li>
<li>Nano Labs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NA#NASDAQ">NA</a>) stock fell 5.57% to $0.84. The market value of their outstanding shares is at $82.5 million. </li>
<li>Kingsoft Cloud Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KC#NASDAQ">KC</a>) shares decreased by 5.37% to $3.35. The company's market cap stands at $795.5 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Nuveen California Dividend Advantage Municipal Fund 2

12 Information Technology Stocks Moving In Wednesday's Pre-Market Session

Offerings

Vuzix Corp Files For Stock Shelf Of Up To $15.4M

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Infrared Cameras Holdings, Inc. - Common Stock

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Shares of companies within the broader technology sector are trading higher amid strength with Micron after the company reported strong earnings.

Vuzix Targets Additional OEM Business Opportunities Following Recent Strategic Partnership And Investment Announcement

Vuzix shares are trading higher after the company completed the closing of the first investment tranche of a $10 million common stock sale under a purchase agreement with Quanta Computer.

Financing

Vuzix Completes The Closing Of The First Investment Tranche For Sale Of $10M In Common Stock Under Purchase Agreement With Quanta Computer

Vuzix Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VUZI#NASDAQ">VUZI</a>) shares are moving higher on Tuesday after the company announced Quanta Computer entered a $20 million three-tranche <a href="https://www.benzinga.com/wiim/24/09/40689377/vurix-share-are-trading-higher-after-the-company-announced-quanta-entered-a-20-million-three-tranche">investment in Vuzix</a>.
The Details: The three-tranche investment by Quanta was announced by Vuzix on Tuesday morning. The first portion of the investment will comprise of a purchase of $10 million worth of Vuzix common stock. 
The next two tranches, each valued at $5 million, are milestone-dependent and will consist of purchasing Vuzix Series B Preferred Stock. The investment will support the expansion of Vuzix&#8217;s waveguide production capabilities and joint development of new augmented reality/artificial intelligence smart glasses technologies
&#8220;This investment, and the ones to follow, will significantly strengthen our balance sheet and assure that we can implement whatever steps needed to ramp production of waveguides, as well as the co-development of new smart glasses and related technologies,&#8221; said Paul Travers, president and CEO of Vuzix.
&#8220;We look forward expanding our customer relationship and partnership with such a leading product manufacturer as Quanta, as well as realizing the significant revenue potential it stands to generate for Vuzix in the upcoming years with both parties&#8217; successes.&#8221;
How To Buy Vuzix Stock
Besides going to a brokerage platform to purchase a share &#8211; or fractional share &#8211; of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument. 
For example, in Vuzix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VUZI#NASDAQ">VUZI</a>)'s case, it is in the Information Technology sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
Related Link: <a href="https://www.benzinga.com/insights/analyst-ratings/24/09/40692759/assessing-cipher-mining-insights-from-8-financial-analysts">Assessing Cipher Mining: Insights From 8 Financial Analysts</a>
VUZI Price Action: At the time of writing, Vuzix shares are trading 8.91% higher at 94 cents, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Image: Courtesy of Vuzix

Why Are Vuzix Shares Trading Higher Tuesday

Vurix share are trading higher after the company announced Quanta entered a $20 million three-tranche investment in the company consisting of common and preferred stock.

Quanta Enters $20M Three-Tranche Investment In Vuzix, Consisting Of Vuzix Common and Preferred Stock

Vuzix&#39;s (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vuzi#NASDAQ">VUZI</a>) Z100 Smart Glasses are set to power the project of GPS Tuner, where the latter will bundle the smart glasses with its eMobility software solutions and applications to provide heads-up augmented reality display for eBike users to reduce distractions and enhance safety.
The AR solution uses GPS Tuner&#39;s mobile-based applications and connects with vehicles, infrastructure and personal devices through V2X technology. GPS Tuner will provide eBike and scooter manufacturers an offer to bundle this heads-up AR solution with their scooters and smart bikes. Users will be able to receive real-time alerts and notifications on this device while riding and operate it hands-free.
Vuzix introduced its Z100 smart glasses in January 2024. These glasses feature waveguide technology and can be connected to AI and other work process applications. Z100 weighs 35 grams and seamlessly connects with both android and iOS devices through Bluetooth
<div class="chart_embed">
<h3>Vuzix Corporation Price and Consensus</h3>
<h3><img alt="Vuzix Corporation Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/0b/1724067072.png" style="height:282px; width:610px" title="" /></h3>
Vuzix Corporation price-consensus-chart | Vuzix Corporation Quote
</div>
<h3>Vuzix Grows on the Back of Expanding Portfolio</h3>
VUZI is persistently expanding its display technology capability and extending its innovation for AR products to stay ahead of the competition and offers its products at low costs.
So far this year, VUZI has launched large-format waveguide panels for their use in the automobile and manufacturing industry. The company has also rolled out optical waveguides with integrated vision correction prescriptions.
Vuzix partnered with Avegant to broaden its expertise in developing optimized waveguide optical modules in order to use in future AI-enabled smart glasses. It has also partnered with Garmin to develop futuristic nano-imprinted waveguide-based display solutions.
<h3>Vuzix Faces Economic &amp; Competitive Pressure</h3>
VUZI operates in a highly competitive market space that comprises big players like Microsoft (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>), Epson, Alphabet (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/googl#NASDAQ">GOOGL</a>) and Meta Platforms (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meta#NASDAQ">META</a>). These companies produce AR glasses that serve manufacturing, healthcare, logistics and entertainment.
For instance, Microsoft Hololens, with its mixed-reality features, has applications in the business and industrial front. Epson is one of the leaders in healthcare AR because of its Moverio series. Alphabet&#39;s Google Glass and Meta&#39;s Project Aria are focused on travel space.
Vuzix suffers from low industry demand for its enterprise smart glasses. Being early adopters of AR and VR products, these enterprises get skeptical about the inherent drawbacks of these solutions, including their high price and limited battery life.
<h3>Conclusion</h3>
Currently, Vuzix suffers from high competition in the AR and VR space. The company also suffers from high prices of products that curtail the demand among its customers. However, its persistent effort to expand its expertise and portfolio of innovative products makes it a formidable player in the AR industry in the long term.
Currently, VUZI does not have a Zacks Rank. Shares of Vuzix have plunged 58.9% in the year-to-date period.
At present, Microsoft, Alphabet and Meta Platforms carry a Zacks Rank #3 (Hold) each.
<a href="https://www.zacks.com/stock/news/2323869/vuzix-s-vuzi-smart-glasses-to-power-ar-based-safety-solution?cid=CS-BENZ-FT-analyst_blog|company_news_tech_sector-2323869">To read this article on Zacks.com click here.</a>

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Vuzix's Smart Glasses to Power AR-Based Safety Solution

Vuzix's Z100 Smart Glasses Selected By GPS TUNER As Heads-Up AR Display For eBike Apps, Enhancing eMobility Solutions For Global Manufacturers And End-Users

Craig-Hallum analyst Christian Schwab maintains Vuzix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VUZI#NASDAQ">VUZI</a>) with a Buy and lowers the price target from $3 to $2.

Price Target

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Vuzix Corporation (VUZI) Q3 2024 Earnings Call Transcript

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