Virtuix (NASDAQ:VTIX) COO Sells $122,084.04 in Stock

Virtuix Holdings Inc. (NASDAQ:VTIX) COO David Robert Malcolm Allan sold 78,259 shares of Virtuix stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $1.56, for a total value of $122,084.04. Following the completion of the transaction, the chief operating officer owned 126,650 shares in the company, valued at $197,574. The trade was a 38.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, July 29th, David Robert Malcolm Allan sold 74,270 shares of Virtuix stock. The shares were 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 Stock Performance

NASDAQ:VTIX opened at $1.57 on Monday. Virtuix Holdings Inc. has a one year low of $1.45 and a one year high of $92.74. The firm’s fifty day moving average is $3.07. The firm has a market cap of $45.37 million and a PE ratio of -3.27.

Virtuix (NASDAQ:VTIX) last posted its quarterly earnings results on Thursday, June 25th. The company reported ($0.39) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.42) by $0.03. The company had revenue of $1.27 million during the quarter.

Analyst Upgrades and Downgrades

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

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.