VUZI (Vuzix Corporation) is a current leader in the constantly expanding AR market for both businesses and consumers alike. I have personally been heavily invested in this stock since $9.53, and my current price target for the stock is $100+ within 2-3 years, although this may potentially occur in 1-2 years.
Over the past 4 or so months, we have seen VUZI grow over 650%, and according to my analysis it looks set for a continued uptrend.
TECHNICAL / INDICATOR BASED ANALYSIS:
Currently the EMA 8 is still in a strong uptrend ever since crossing over the EMA 200. We also can see on my dashboard that the trend is currently bullish, and the Trend Panel is displaying almost 100% uptrend sentiment on all timeframes. (link to this free indicator below)
COMPANY / FINANCIAL ANALYSIS:
I like to keep my analysis simple, and so the information below will be listed in short and easily digestible bullet points.
VUZI is an extremely strong company, with minimal debt and liabilities, and enough cash on hand to cover all of this at any time
ARKQ has consistently loaded up on shares ever since the $18 range, and they now hold over 2 million shares
With Apple and numerous other companies essentially set on releasing AR glasses for consumers within the next year or so, this will give massive validation to VUZI as a company, and it will also draw many more investors into the AR market
VUZI has a partnership with Verizon for 5G technology to be implemented
Citron has already announced he would never short the company which is a good indicator that its likely to go up, as he is an extremely bearish and very reputable analyst
VUZI recently released their full year earnings in December, in which they reported $11.6 million in total revenue as compared to $6.7 million the prior year. This is a 74% year over year increase
The market for AR headsets / glasses has been estimated to grow at a compound annual growth rate of 73.8% from 2019 to 2025, and so far it has been meeting these expectations rapidly
All in all, this is just my opinion on VUZI as a company. If you disagree with my analysis or don't think I've done enough research, feel free to tell me your thoughts in the comments. I am not a financial advisor and I trade solely because I enjoy it. If you do happen to agree with my analysis or if you enjoy what you've read so far, please drop a like an follow me! I would love to hear everyone's thoughts!
P.S. the indicator I used in this image was made by me and can be found for free here!
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