Where Will Vuzix Be in 5 Years?
Vuzix (NASDAQ: VUZI), a developer of augmented reality glasses and headsets, was a penny stock throughout 2019 and most of 2020. Its stock remained below $5 a share as its unpredictable sales and ongoing losses curbed the market's enthusiasm for the growth potential of its AR business.
Vuzix's stock price dipped below $1 during the COVID-19 crash last March. But it subsequently bounced back above $4 by July, hit $10 in late December, and continued climbing to the mid-$20s this year. Let's look back at Vuzix's history, why it suddenly attracted a stampede of bulls, and whether or not it can maintain that momentum over the next five years.
Image source: Vuzix.
Source Fool.com
