Alliance Global Partners Drops Vuzix Coverage, Says Can't Justify $1B Market Cap

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Alliance Global Partners analyst Brian Kinstlinger is dropping coverage of Vuzix (VUZI) after the shares have increased 100% year to date and more than 1000% in 12 months.

While he views the company as a "leading manufacturer of augmented reality smart glasses," and thinks such glasses will "eventually be a megatrend," his Q4 and 2021 consensus revenue estimates are "much lower than they were at the beginning of 2020" and he "cannot justify a market cap of about $1 billion," Kinstlinger tells investors.

The firm's previous estimates and rating for Vuzix should no longer be relied upon, Kinstlinger added.
 

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Richard J. Schwartzman 1 month ago Member's comment

Some people don't know how internet and stocks work. There are companies out there with multi-billion dollar market caps w/ revenues and development nowhere near Vuzix. People were saying the same about #Tesla and look at that now.

Anne Davis 1 month ago Member's comment

People who continue to think something won't work based upon old methods will end up like this guy. Lol.

https://www.youtube.com/watch?v=kBYSlI7PZWY

Craig Newman 1 month ago Member's comment

Nice....so he wants in! Oldest trick in the book. bash and buy!

James Sinclair 1 month ago Member's comment

This guy has always joined the CC, maybe he wanted more money 😁