Virtuix (NASDAQ:VTIX) COO Sells $120,362.13 in Stock

Virtuix Holdings Inc. (NASDAQ:VTIX) COO David Robert Malcolm Allan sold 81,879 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $1.47, for a total transaction of $120,362.13. Following the completion of the transaction, the chief operating officer directly owned 44,771 shares of the company’s stock, valued at $65,813.37. This trade represents a 64.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

David Robert Malcolm Allan also recently made the following trade(s):

• On Wednesday, August 5th, David Robert Malcolm Allan sold 9,002 shares of Virtuix stock. The shares were sold at an average price of $1.70, for a total value of $15,303.40.
• On Tuesday, August 4th, David Robert Malcolm Allan sold 35,769 shares of Virtuix stock. The shares were sold at an average price of $1.61, for a total value of $57,588.09.
• On Thursday, July 30th, David Robert Malcolm Allan sold 78,259 shares of Virtuix stock. The shares were sold at an average price of $1.56, for a total value of $122,084.04.
• On Wednesday, July 29th, David Robert Malcolm Allan sold 74,270 shares of Virtuix stock. The stock was sold at an average price of $1.60, for a total value of $118,832.00.
• On Tuesday, July 28th, David Robert Malcolm Allan sold 220,821 shares of Virtuix stock. The stock was sold at an average price of $1.79, for a total value of $395,269.59.

Virtuix Price Performance

Shares of NASDAQ VTIX opened at $1.75 on Friday. Virtuix Holdings Inc. has a 1-year low of $1.42 and a 1-year high of $92.74. The stock’s fifty day moving average is $2.88. The stock has a market cap of $52.40 million and a PE ratio of -3.66. The company has a quick ratio of 1.23, a current ratio of 1.36 and a debt-to-equity ratio of 0.80.

Virtuix (NASDAQ:VTIX) last posted its earnings results on Thursday, June 25th. The company reported ($0.39) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.42) by $0.03. The company had revenue of $1.27 million during the quarter. As a group, equities research analysts anticipate that Virtuix Holdings Inc. will post -0.67 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on VTIX. Zacks Research upgraded shares of Virtuix to a “hold” rating in a research note on Tuesday, April 14th. Weiss Ratings raised shares of Virtuix from a “sell (e-)” rating to a “sell (e)” rating in a report on Wednesday, July 1st. Maxim Group began coverage on Virtuix in a research report on Thursday, June 18th. They set a “buy” rating and a $11.00 price target on the stock. Finally, Wall Street Zen lowered Virtuix from a “sell” rating to a “strong sell” rating in a report on Saturday, August 1st. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $11.00.

About Virtuix

Virtuix (NASDAQ:VTIX) is a company that develops and commercializes hardware and software for immersive virtual reality (VR) locomotion and related experiences. Its core focus is on enabling natural movement inside virtual environments through purpose-built platforms and systems that pair motion-control hardware with software integrations for games, training and location-based entertainment.

The company is best known for its Omni family of omnidirectional locomotion platforms, which are designed to allow users to walk, run and maneuver in 360 degrees within a virtual space while remaining stationary in the real world.