VUZI Update: Today's Breaking News Has This NASDAQ Profile Up Approximately 15%, Read Immediately
Must Read - $6.75 Consensus Analyst Price Target
VUZI Corporation Presentation
VUZI is humming this morning and already hit a high of $3.08 after breaking company news was released.
Currently up approximately 15%, VUZI is starting pop up on multiple radars...
Between a consensus $6.75 price target and today's huge press release, VUZI has two potential catalysts bringing in strong buzz
If you haven't yet, read my full VUZI report below and get it on your radar quickly.
In case you aren't in the know, Augmented reality (AR) is the blending of interactive digital elements – like dazzling visual overlays, buzzy haptic feedback, or other sensory projections – into our real-world environments.
Google SkyMap is a well-known AR app. It overlays information about constellations, planets and more as you point the camera of your smartphone or tablet toward the heavens.
Wikitude is an app that looks up information about a landmark or object by your simply pointing at it using your smartphone's camera.
Need help visualizing new furniture in your living room? The IKEA Place app will provide an overlay of a new couch for that space before you buy it so that you can make sure it fits.
Augment reality is a technology that is here to stay and the potential growth of this industry could soon shoot through the roof. Several researchers agree:
- The global augmented reality market is estimated to reach $73Bn by 2024 – ResearchAndMarkets, January 2020
- The global augmented reality market has the potential to grow by $77Bn during 2020-2024 – Technavio, January 2020
- The augmented reality market is estimated to reach $73Bn by 2024 – MarketsandMarkets, January 2020
- The augmented reality market will exceed $43Bn by 2024 – Juniper Research, October 2019
- The augmented reality market size is set to cross $50Bn by 2024 – Global Market Insights, September 2019
Because of these numbers/stats and more, I want you to turn to an up-and-comer flying under Wall Street's noses.
For Friday, May 8th, your new breakout NASDAQ profile is:
> Vuzix Corporation (VUZI) <
Vuzix is a leading supplier of Smart-Glasses and Augmented Reality (AR) technologies and products for the consumer and enterprise markets. The Company's products include personal display and wearable computing devices that offer users a portable high-quality viewing experience, provide solutions for mobility, wearable displays and augmented reality.
Not only do you need to pay attention to the potential AR landscape, but the Smart-Glasses industry could also see significant growth in the years to come. See for yourself:
- More than 40Mn smart glasses will be shipped by 2023 – ABI Research, August 2019
- The global market for smart AR glasses will grow to 20Mn units annually by 2025 – Tractica, August 2019
Those figures are nothing to shake a stick at. They are huge and could grow even bigger over time.
That's potentially why multiple analysts see this stock as currently undervalued.
#1 Potential VUZI Catalyst: Consensus $6.75 Price Target
According to MarketBeat's website, there is currently a consensus price target of $6.75 derived from two different analysts' suggestions.
There is a $10.00 target coming from Chardan capital and a $3.50 target coming from Maxim Group.
When you take the combined average ($6.75) and take into account where VUZI closed on Thursday ($2.21), you'll see this stock profile to have approximately 205% in upside potential.
Just imagine if some major news comes out that's brings buzz to this company's stock?
#2 Potential VUZI Catalyst: Yesterday's Huge P.R.
Zoom for Healthcare Now Supported on Vuzix Smart Glasses for HIPAA-Compliant Telemedicine Videoconferencing
Connector Application enables Zoom for Healthcare customers to share real-time hands-free point-of-view video and data captured from Vuzix Smart Glasses
ROCHESTER, N.Y., May 7, 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 support of Zoom Healthcare, a HIPAA/PIPEDA-compliant conferencing application, for Vuzix M-Series and Vuzix Blade® Smart Glasses.
Zoom is one of the fastest growing cloud video conferencing applications for end-to-end enterprise communications and has more than 66,000 business customers that have at least 10 employees. Vuzix has received numerous inbound requests from hospitals and healthcare organizations interested in leveraging Zoom for Healthcare in their day-to-day business operations with smart glasses.
"Zoom for Healthcare customers can connect to a remote mentor or support team hands-free when using our M-Series or Vuzix Blade Smart Glasses. The Zoom connector application from Vuzix provides Zoom for Healthcare customers with the ability to connect to the service through an interface developed specifically for Vuzix smart glasses that allows them to login, connect and share POV (point-of-view) fed real-time from the camera of Vuzix smart glasses," said Paul Travers, Vuzix President and Chief Executive Officer. "And like Zoom for Healthcare's interfaces on other devices, the Vuzix connector app is not only optimized for one-to-one support calls but also one-to-many, which allows remote medical professionals to share what they are seeing with all of the users that have joined the meeting simultaneously."
Read the full article here.
#3 Potential VUZI Catalyst: CV-19 Related Product Orders
Telemedicine Usage of Vuzix M400 Smart Glasses for Patient Care Continues to Expand
Vuzix receives M400 Smart Glasses replenishment order from Gemvision in response to CV-19 remote healthcare needs in the Netherlands
ROCHESTER, N.Y., May 5, 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 a replenishment order for M400 Smart Glasses orders from Gemvision to support their efforts to meet CV-19 remote healthcare needs in the Netherlands.
The Vuzix M400 Smart Glasses with the Gemvision software, a private cloud-based platform, enables frontline healthcare providers to call and consult with a doctor while keeping their hands free to perform any treatment. The Gemvision platform also comes equipped with a call center dashboard for external users and allows remote experts to collaborate and illustrate during live video sessions. The feedback from the medical community regarding Gemvision and the Vuzix M400 Smart Glasses solution has been very positive.
"You can describe a wound, but that is difficult. When someone looks at you, it helps enormously. When we really see something, it is much clearer what is going on with a person," says Michiel Klitsie, a technical physician at Careaz homecare and user of the Gemvision/Vuzix M400 Smart Glasses solution. "As healthcare professionals, we are a major risk factor for transmitting the CV-19, in nursing homes for example, but we don't have to be there when these glasses are used. You can also see more clients in less time."
"The Gemvision remote wound care solution centered around the Vuzix M400 Smart Glasses not only allows for more efficient use of the health specialist's time, but it also frees the patients from long and often painful visits to the hospital. Since the CV-19 pandemic began we have experienced a surge in inbound digital health requests and adoption across healthcare is now scaling up nationwide," stated Mark Smit, CEO and Founder of Gemvision.
"Gemvision is a long-standing partner of Vuzix that continues to innovate and deliver a valuable Vuzix smart glasses-based solution to customers in healthcare and enterprise," said Paul Travers, Vuzix President and Chief Executive Officer.
Read the full article here.
#4 Potential VUZI Catalyst: Upcoming 2020 Q1 Financial Results
Vuzix Schedules Conference Call to Discuss First Quarter 2020 Financial Results and Business Update
ROCHESTER, N.Y., April 28, 2020 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, is pleased to announce that the Company will host a conference call regarding its first quarter 2020 operating results at 8:30 AM Eastern Time (ET), May 11, 2020.
Additionally, a live and archived webcast of the conference call will be available on the investor relations page of the Company's website at: ir.vuzix.com/
Participating on the call will be Vuzix Chief Executive Officer and President Paul Travers and Chief Financial Officer Grant Russell, who will discuss operational and financial highlights for the quarter ended March 31, 2020.
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.
mart 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.