Virtuix (NASDAQ:VTIX) Announces Quarterly Earnings Results

Virtuix (NASDAQ:VTIX) released its earnings results on Wednesday. The company reported ($0.22) EPS for the quarter, FiscalAI reports. The business had revenue of $0.77 million for the quarter.

Virtuix Price Performance

Shares of NASDAQ VTIX traded up $0.03 during mid-day trading on Wednesday, hitting $1.62. 273,202 shares of the stock traded hands, compared to its average volume of 495,800. The company has a market cap of $48.45 million and a PE ratio of -3.38. Virtuix has a twelve month low of $1.42 and a twelve month high of $92.74. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.36 and a quick ratio of 1.23. The firm has a 50 day simple moving average of $2.61 and a two-hundred day simple moving average of $4.50.

Analyst Ratings Changes

A number of research analysts recently issued reports on VTIX shares. Maxim Group initiated coverage on shares of Virtuix in a research note on Thursday, June 18th. They issued a “buy” rating and a $11.00 price objective on the stock. Weiss Ratings upgraded Virtuix from a “sell (e-)” rating to a “sell (e)” rating in a research report on Wednesday, July 1st. Finally, Wall Street Zen raised Virtuix from a “strong sell” rating to a “sell” rating in a research note on Saturday. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Virtuix has an average rating of “Hold” and an average target price of $11.00.

Insider Buying and Selling at Virtuix

In other Virtuix news, COO David Robert Malcolm Allan sold 35,769 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $1.61, for a total transaction of $57,588.09. Following the sale, the chief operating officer directly owned 9,002 shares of the company’s stock, valued at $14,493.22. The trade was a 79.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 503,985 shares of company stock worth $836,094 in the last quarter. 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.