VUZI - Vuzix Corporation

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by StockJock-e, Nov 17, 2016.

  1. StockJock-e

    StockJock-e Brew Master
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    Vuzix Corporation designs, manufactures, markets, and sells wearable display devices in the United States and internationally. The company's products are worn like eyeglasses that enable the user to view video and digital content, such as movies, computer data, the Internet, or video games through various mobile electronic devices, such as cell phones, laptop computers, tablets, portable media players, and gaming systems. Its products include binocular video eyewear devices that contain two micro displays mounted in a frame attached to eyeglass-style temples or stereo headphones; monocular smart glasses products for the enterprise, industrial, and commercial markets; virtual reality video eyewear products that provide a user with 3D computer simulated environments, as well as video headphones; and augmented reality products, which provide a user a live, direct or indirect, view of a physical, and real-world environment. The company sells its products under the Vuzix brand name. Vuzix Corporation offers its products directly to consumers, as well as through specialty retailers, online retailers, distributors, resellers, and Web stores. The company was formerly known as Icuiti Corporation and changed its name to Vuzix Corporation in 2007. Vuzix Corporation was founded in 1997 and is based in West Henrietta, New York.

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  2. StockJock-e

    StockJock-e Brew Master
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    Vuzix (VUZI) is a wearable technology companies and supplier of smart glasses that use AR and VR technology. The company holds about 40 patents and has 10 additional patents pending.

    The AR market is in its early stages. Projections, however, suggest that it should reach the $120 billion mark by 2020.

    With a relatively small market value of about $140 million, Vuzix carries stellar growth potential. The secret weapon in its arsenal is the Blade 3000 Smart Sunglasses, which received four International CES Innovation 2017 awards.

    These sunglasses allow users to view and interact with digital and video content in high-resolution computer-generated AR and VR worlds.

    In addition, Vuzix's expanding product portfolio offers regular glass lenses that are just 1.4 millimeters thick, placing the company at a solid technological advantage in this emerging sector.

    Shares of Vuzix are undervalued, given that it boasts a series of successful products in the AR and VR arenas. Although the buzz is stronger around Facebook's Oculus VR headset and Sony's attempt to make in-roads into the sector, Vuzix is gradually garnering acclaim and making a dent in the market.

    https://www.thestreet.com/story/138...-crash-through-the-smart-glasses-ceiling.html
     
  3. StockJock-e

    StockJock-e Brew Master
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    Resistance just above $8 was tough to crack.

    Lots of volume here this morning, bulls looking for a bounce soon.
     
  4. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Gapped up today, from bottom of Bollinger band with inverted hammers to above 10 sma.

    http://finance.yahoo.com/news/vuzix-enters-development-agreement-toshiba-140000817.html
    That milestone payments of $1M is kinda meh.

    See how today closes. If not strong, then see if it's possible to get this closer to 5.85.
     
  5. StockJock-e

    StockJock-e Brew Master
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    Strong close for the week, maybe this downtrend is finally done!
     
  6. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    This looks to be in a trading channel. There was an upthrust right before ER, but it came back into the channel. This one I've drawn goes down to 3.xx but I can't believe right now it'll get that low. It however is down near 5.45 again, but on much less volume.
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    Keep an eye open for some strength. Look at how much volume there was before it got in the channel.
     
  7. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Damn 78% rate of borrowing shares to short on Interactive Brokers (finally figured out how to display this in the workstation...I heard it was that high, but only way I could confirm it before was to actually short it). So while this has been going sideways for 1.5 months, the Dukes at the brokerage have been making money.
     
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  8. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Trending downward, and think it will continue because haven't seen big capitulation volume yet. Wonder what the rate to borrow shares is...
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  9. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    This is benefiting from COVID-19.
    Last ER, product gross margins before overheads and other items averaged 50% of sales vs. 24% in the prior year's period. That is a big improvement.
    The next ER they could be looking at 100% revenue increase from last year; I think they'll make it.

    The CEO says "the worldwide coronavirus outbreak has impacted the day-to-day operations of our enterprise customers across numerous market verticals and this has accelerated the enterprise adoption of our smart glasses. The COVID-19 Pandemic continues to show signs of becoming a catalytic event for several technology-related industries, including enterprise smart glasses. The disruption to enterprise operations globally has acted as an accelerant for new customer acquisition, order flow and order size."

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