This killer has seen its valuation more than triple since the end of May and this vertical growth may not be slowing down anytime soon. Here's why...
According to Barchart, VUZI is displaying several technical indicators that are triggered as bullish. This is a quick list:
Short Term Indicators
- 20 Day Moving Average
- 20 - 50 Day MACD Oscillator
- 20 - 100 Day MACD Oscillator
- 20 - 200 Day MACD Oscillator
Medium Term Indicators
- 50 Day Moving Average
- 50 - 100 Day MACD Oscillator
- 50 - 150 Day MACD Oscillator
- 50 - 200 Day MACD Oscillator
Long Term Indicators
- 100 Day Moving Average
- 150 Day Moving Average
- 200 Day Moving Average
- 100 - 200 Day MACD Oscillator
Based on indicator averages, Barchart reports VUZI to be a "96% BUY" overall.
With the consistent vertical growth we've seen out of VUZI in recent months plus its bullish triggered technicals, another potential surge could be in the cards moving forward.
When you factor in these technicals with the 2nd potential catalyst below, it may just be a matter of time until VUZI makes its next move.
#3 Potential VUZI Catalyst
According to MarketBeat's website, there is currently a $10.00 target coming from Chardan Capital.
Take into account where VUZI was trading at approximate 10:30AM EST Wednesday ($3.89).
You'll see from that closing valuation, this profile has approximately 157% in upside potential.
Now, I'm not saying that VUZI is going to make a 100%+ move today, but if today's major news brings buzz to this company's stock...
#4 Potential VUZI Catalyst
Vuzix M400 Smart Glasses Market Footprint Expands to 54 Countries Globally to Support Enterprise Business Continuity
World interest from CV-19 pandemic creating growing demand for smart glasses
ROCHESTER, N.Y., Aug. 13, 2020 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, announced today the expansion of our M400 Smart Glasses market availability footprint to 54 countries to support new incoming business requests for smart glasses based business continuity solutions related to CV-19.
The Vuzix M400 Smart Glasses have become a benchmark for leading-edge performance in the smart glasses industry. It is the most versatile set of smart glasses in the market today being used across almost every industry ranging from warehousing and logistics, field service, manufacturing, healthcare, inspection and real estate. This increase in demand from our customers around the globe, includes many that are relocating into Southeast Asia their manufacturing and supply chain operations to diversify and reduce their reliance on China. The pace of this move by the large multinationals is growing and of course most are now attempting to have multiple sites to mitigate trade risks, which creates even more need for tools like the M400 for multiple remote sites maintenance and coordination.
"M400 product orders and inbound sales inquiries for the Vuzix M400 continue to accelerate during the third quarter. The global pandemic caused by CV-19 has helped accelerate corporate decision making regarding the deployment of new technology such as Vuzix Smart Glasses to support business continuity especially around healthcare and remote support," said Paul Travers, President and CEO of Vuzix. "We are pleased to broaden the availability of our M400 Smart Glasses to support our resellers and end customers, when you can't send a person, you just send a pair of Vuzix Smart Glasses."
#5 Potential VUZI Catalyst
Vuzix Reports Record Smart Glasses Revenues and Provides Business Outlook
Vuzix Smart Glasses revenues for the second quarter increased 183% year-over-year
Overall revenues for the second quarter increased 98% sequentially compared to the first quarter
ROCHESTER, N.Y., Aug. 10, 2020 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI) ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technologies and products, today reported its second quarter results for the period ended June 30, 2020.
"Our second quarter revenue grew 39% over the comparable 2019 period and 98% sequentially from our first quarter to $3.0Mn as our enterprise business continued to expand at an accelerated pace and engineering services sales doubled to $0.7Mn versus the comparable 2019 period. The worldwide c-virus 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. We delivered a record $2.3Mn of Vuzix smart glasses in the quarter, an increase of 183% year-over-year and 70% sequentially from our first quarter of 2020, primarily driven by interest from new customers and follow-on orders from existing customers whose business operations have been impacted by CV-19. Healthcare has emerged as an important business segment for Vuzix, including telemedicine and telehealth solutions related to patient care, training and surgery, as well as supporting healthcare companies like medical device manufacturers that have active equipment installations in hospitals and medical facilities," said Paul Travers, President and CEO of Vuzix."
The second quarter was also a good one for our OEM business group. We advanced the existing programs we have with two major global defense companies and achieved meaningful milestones on their respective product development initiatives that should accelerate the transition of these programs from engineering services concepts to volume production in the near future," continued Mr. Travers.
Read the full article here.
#6 Potential VUZI Catalyst
Netherlands' National Police Unit Using Vuzix Blade Smart Glasses in Police Work Study
ROCHESTER, N.Y., Sept. 1, 2020 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, announced that Netherlands' National Police Unit is actively using Vuzix Blade Smart Glasses to conduct an investigation into the use of augmented reality by its police force.
The investigation, which follows preliminary testing in laboratory situations, is being undertaken in collaboration with the universities of Leiden and Twente and the country's police academy. Vuzix Blade Smart Glasses are being used by both mounted and on-foot police officers to provide heads-up hands-free route information for unfamiliar areas as well as additional information including notifications of crimes, suspect pursuit and troublesome locations. Initial officer feedback from use the field this summer has been positive.
"The overall design and the see-through waveguide optics of the Vuzix Blade are proving to be essential must-have features for deployments into police and security operations. We're pleased with the positive officer feedback received thus far in this study and look forward to seeing a full proof of concept successfully completed by this police force," said Paul Travers, President and Chief Executive Officer at Vuzix.
More From The VUZI Company Website
Vuzix Waveguides, Optics and Display Engines
Vuzix is a leader in Optics technology for near eye displays and one of the largest suppliers of smart glasses in the world. We have a reputation across the smart glasses industry for creating market-leading technology and high-quality products that is protected by 146 patents and patents pending.
Our smart glasses and component technologies are the result of extensive research, design, and development, which we then supplement through OEM partnerships with major tech companies. Our light thin and ergonomic Waveguide designs coupled with our innovative optics for display engines create some of the most desirable and adaptable products.
We provide full customer ready solutions, modular sub-systems, or even full custom Waveguide with display engine designs.
WAVEGUIDES, OPTICS & DISPLAY ENGINES
Our world-class research and development have resulted in market-leading Waveguide optic technology. Our world class optics team specializes in custom solutions from full system designs to basic Waveguides for use in third party solutions. We are experts at directing the light where it needs to be in a compact, efficient package.
Vuzix is at the forefront of the smart glasses industry, providing smaller, lighter and more efficient display engines to the market. We provide high-resolution displays without obstruction.
Smart glasses employing Waveguide-based optics have many enterprise and commercial uses such as warehousing, remote support, manufacturing, navigation, entertainment, gaming and learning. The possibilities for this technology are constantly growing and evolving with the changing demands of industry.