This killer has seen its valuation more than double since the end of June 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 "100% BUY" overall and it also has a triggered composite "TrendSpotter" indicator.
With the consistent vertical growth we've seen out of VUZI in recent weeks plus its bullish triggered technicals, another potential surge could be in the cards moving forward.
#3 Potential VUZI Driver Indicator - Big Price Target
According to MarketBeat's website, there is currently a $8.00 target coming from Craig Hallum.
Take into account where VUZI was trading at approximate 10:00AM EST Tuesday ($5.74).
You'll see from that valuation, this profile has approximately 39% in upside potential.
Now, I'm not saying that VUZI is going to make a big double-digit move today, but if Tuesday's major news brings buzz to this company's stock, you'll want to know its potential upside.
#4 Potential VUZI Driver Indicator - Additional Orders
Vuzix Continues to Receive Multiple Follow-On M400 Smart Glasses Orders from Both Resellers and End Customers to Support Business Operations Amid CV-19 Pandemic
- A Fortune 500 engine manufacturer and a pharmaceutical air transportation solution provider place follow-on orders
- Brochesia places a follow-on order to support industrial production, construction, transportation and marine customers
ROCHESTER, N.Y., Nov. 12, 2020 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, today announced that the Company has received initial follow-on orders and delivered M400 Smart Glasses kits to support remote support and training after rapid and successful proof of concept evaluations were performed by two new customers. The C-19 global pandemic continues to be an accelerant for the adoption within the enterprise smart glasses.
The first customer is a Fortune 500 engine manufacturer and distributor and after a rapid and successful proof of concept evaluation was completed this summer using a hand full of M400 Smart Glasses to support technicians with remote guidance and training, the customer placed a follow-on order that was recently delivered for broader deployment of M400 Smart Glasses.
The second company is a leading global provider of pharmaceutical air transportation solutions and after a rapid and successful proof of concept evaluation using one M400 Smart Glasses to support technicians with remote guidance and training, the company placed a follow-on order for many more M400 Smart Glasses that was recently delivered.
"Over the last few quarters, we have witnessed many customers both large and small within the enterprise smart glasses industry moving faster between pilot evaluation and volume deployments into their operations. These two customers are proof points and prime examples of how Vuzix Smart Glasses are being effective out of the box to deliver remote guidance and training to provide sizable benefits for our customers," said Paul Travers, Vuzix President and Chief Executive Officer. "We look forward to supporting these customers as they continue to deploy Vuzix Smart Glasses across their operations."
In addition to these two direct customers, Vuzix also received a follow-on M400 Smart Glasses order (unit total not disclosed due to competitive reasons) from Brochesia, a software solution provider based in Italy that sells smart glasses based solution into enterprise to support manufacturing, healthcare, field service and logistics.
After successfully piloting the Vuzix M400 Smart glasses, Brochesia will be delivering devices to enterprise end customers to be deployed in support of industrial production, construction, transportation and the marine industry.
"The Vuzix M400 Smart Glasses powered by the Brochesia software suite have been well received by our customers and we are pleased to see them moving from forward from pilots to production," commented Claudia Simon, Chief Operating Officer of Brochesia.
"The Brochesia software platform with the Vuzix M400 Smart Glasses are being put to work across multiple enterprise verticals," said Paul Travers, Vuzix President and Chief Executive Officer. "Vuzix looks forward to supporting Brochesia's as they continue to roll out their Vuzix Smart Glasses-based solution across their extensive customer base."
#5 Potential VUZI Driver Indicator - Record Revenues
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.
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.
VUZI Potential Driver Indicator Recap
1. Tuesday's Big News
2. Bullish Technicals + Chart
3. $8.00 Analyst Price Target
4. Additional Orders From Resellers And End Customers
5. Record Revenues