Virtuix (NASDAQ:VTIX) Stock Rating Upgraded by Zacks Research

Virtuix (NASDAQ:VTIX) was upgraded by research analysts at Zacks Research to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

Separately, Wall Street Zen lowered Virtuix from a “hold” rating to a “sell” rating in a research report on Saturday, April 4th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Virtuix Trading Up 1.7%

Virtuix stock opened at $6.43 on Tuesday. The business’s 50 day moving average is $6.51. Virtuix has a one year low of $4.39 and a one year high of $92.74.

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

Insider Buying and Selling

In related news, CEO Jan Roger Goetgeluk sold 7,889 shares of the business’s stock in a transaction that occurred on Thursday, April 9th. The stock was sold at an average price of $6.41, for a total transaction of $50,568.49. Following the transaction, the chief executive officer directly owned 4,475,305 shares of the company’s stock, valued at approximately $28,686,705.05. The trade was a 0.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last quarter, insiders sold 35,250 shares of company stock worth $219,487.

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.