Vuzix Corp (OTCBB:VUZI) Surges Further On
Since the start of December the stock of Vuzix Corp. (OTCBB:VUZI) has been making a pronounced climb up the stockchart. Momentum is still building up and the company has ended the last 5 sessions in the green. On Friday the stock made another huge leap when it added just shy of half a dollar to its value and ended the day 15% higher at $3.60 per share.
Such price ranges are not a common sight among the various pennystock companies but VUZI have a few things going for them. First they are almost guaranteed considerable attention from the market thanks to operating in the smart glasses industry. Eventually VUZI will have to compete with the much anticipated Google Glass but for now they have the advantage. They recently launched their M100 Smart Glasses which are priced considerably lower than Google’s product despite having similar tech characteristics.
Now the company is starting to gear up towards their next model – the M2000AR HMD which is going to incorporate a new type of technology – waveguide optics jointly developed with Nokia. The targeted demographic for this line of glasses will be professionals and industry workers instead of the general consumer market.
Although VUZI have undeniable potential to grow you should still keep in mind that this type of devices holds a lot of risks. There is still quite a while before they become generally accepted, if ever, and new regulations may severely restrict their use. Not to mention that the company’s stock has already made quite a jump and judging by its past performance it may not be the best decision to chase after it.
On the financial side of things VUZI have been able to keep the debt levels in check and have almost reached a positive working capital. At the end of September they had:
• $2.56 million cash
• $3.46 million total assets
• $3.69 million total current liabilities
• $301K sales
• $1.85 million net loss
VUZI have not been the target of a pump campaign for the past two years but be sure to do your own due diligence as the risks associated with any pennystock should never be taken lightly.
On Friday the $2.5 million pump for Tiger Energy and Oil, Inc. (OTCMKTS:TGRO) had a much more stable performance but was unable to finish the week on a positive note. The stock dropped down by 1.6% to $1.19. Thanks to all the artificial hype created by the newsletter StockTips TGRO was able to climb to a new 52-week high after briefly touching on $1.59 per share during Thursday’s session.
