Virtuix (NASDAQ:VTIX) Upgraded at Zacks Research

Zacks Research upgraded shares of Virtuix (NASDAQ:VTIX) to a hold rating in a report published on Tuesday,Zacks.com reports.

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

Virtuix Price Performance

VTIX stock opened at $6.09 on Tuesday. Virtuix has a 52 week low of $4.39 and a 52 week high of $92.74. The company has a 50-day moving average of $6.52.

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

Insiders Place Their Bets

In other Virtuix news, CEO Jan Roger Goetgeluk sold 6,713 shares of Virtuix stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $6.43, for a total value of $43,164.59. Following the transaction, the chief executive officer owned 4,464,750 shares in the company, valued at $28,708,342.50. The trade was a 0.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold 35,250 shares of company stock valued at $219,487 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.