Virtuix (NASDAQ:VTIX) Upgraded to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Virtuix (NASDAQ:VTIX) from a sell rating to a hold rating in a research note issued to investors on Saturday.

VTIX has been the subject of several other reports. Weiss Ratings began coverage on Virtuix in a research report on Monday, April 20th. They set a “sell (e-)” rating for the company. Zacks Research raised Virtuix to a “hold” rating in a report on Tuesday, April 14th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

Virtuix Price Performance

Shares of VTIX stock opened at $3.86 on Friday. The company has a 50 day moving average of $5.93. Virtuix has a 52 week low of $3.14 and a 52 week high of $92.74.

Virtuix (NASDAQ:VTIX) last issued its earnings results on Friday, March 6th. The company reported ($0.09) EPS for the quarter. The business had revenue of $0.96 million during the quarter.

Insider Activity

In other Virtuix news, CEO Jan Roger Goetgeluk sold 112,563 shares of the company’s stock in a transaction on Tuesday, April 21st. The stock was sold at an average price of $6.96, for a total value of $783,438.48. Following the transaction, the chief executive officer owned 4,309,689 shares of the company’s stock, valued at approximately $29,995,435.44. This represents a 2.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 500,000 shares of company stock valued at $2,593,993 over the last quarter.

Virtuix Company Profile

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.