Virtuix (NASDAQ:VTIX) Upgraded to “Sell” at Wall Street Zen

Wall Street Zen upgraded shares of Virtuix (NASDAQ:VTIX) from a strong sell rating to a sell rating in a report published on Saturday morning.

VTIX has been the topic of a number of other reports. Weiss Ratings upgraded shares of Virtuix from a “sell (e-)” rating to a “sell (e)” rating in a research note on Wednesday, July 1st. Maxim Group began coverage on shares of Virtuix in a research note on Thursday, June 18th. They issued a “buy” rating and a $11.00 price objective for the company. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $11.00.

Virtuix Stock Up 4.1%

NASDAQ:VTIX opened at $1.77 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.36 and a quick ratio of 1.23. Virtuix has a 1-year low of $1.42 and a 1-year high of $92.74. The company has a 50-day moving average of $2.69 and a 200 day moving average of $4.58. The firm has a market cap of $52.94 million and a PE ratio of -3.69.

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

Insider Activity at Virtuix

In other Virtuix news, COO David Robert Malcolm Allan sold 35,769 shares of the stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $1.61, for a total transaction of $57,588.09. Following the completion of the sale, the chief operating officer directly owned 9,002 shares of the company’s stock, valued at approximately $14,493.22. This represents a 79.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have sold 503,985 shares of company stock worth $836,094 over the last ninety days. Corporate insiders own 28.63% of the company’s stock.

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.