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⚠️ Cathie Wood & Institutional Investors Load Up On This METAVERSE STOCK Going CHEAP 🔥 HURRY?!? 🚀🚀 - YouTube
Channel: Corns Investing
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Happy New Year everyone and very best wishes for
2022. So in this video, I’m taking you right back
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to the $1tn metaverse opportunity which has
a lot to offer as I share with you updates
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on an award winning metaverse stock which has
recently landed some game changing contracts,
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partnerships and has Cathie Wood and
institutional investors loading up on it.
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So if you are bullish about the metaverse,
you want to make sure you watch till the end
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so you don’t miss out on why this top
stock should at least be on your watchlist.
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So please make sure you drop a like on the
video and leave me a comment on what metaverse
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stocks you are watching right now.
YouTube also tells me only about 29%
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of my viewers are subscribed to the channel,
so if you are watching and not subscribed
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please consider subscribing and hit the
bell so you never miss out on these gems.
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There’s a link in the top pinned comment
to my private discord, where we call this
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gems there early and you join a strong community
to help you on your investment journey.
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So please check out the link and
see for yourself. Thank you so much!
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That said let’s get straight
into it and talk about Vuzix Corp
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(Nasdaq: VUZI) currently trading at
$8.67 with a market cap of $551m.
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It is down since we called it recently at $12 per
share following the Facebook Meta announcement.
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It picked up momentum breaking the $15 per share
price mark and it has since given up most of those
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gains and heading back towards 6m lows. It is down
by over 51% over that period which puts this top
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and award winning metaverse stock in deep deep
value territory in my view. I believe given its
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novelty, the concept of smart glasses technology
being used in the workplace is still new,
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which could be the reason for the
considerable volatility in its stock price.
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Vuzix is a leading supplier of Smart Glasses and
Augmented Reality (AR) technologies and products
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for the consumer and enterprise markets. The
Company's products include personal display and
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wearable computing devices that offer users
a portable high-quality viewing experience,
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provide solutions for mobility,
wearable displays and augmented reality.
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They create smart glasses primarily
used in the healthcare, manufacturing,
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warehousing, and field service industries and
the glasses can help the field service industry
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by providing real-time instructions
to a field agent via the lenses.
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The Company has won Consumer Electronics
Show (or CES) awards for innovation
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for the years 2003 to 2021 and several wireless
technology innovation awards among others
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and they cant stop winning as they are
now the latest recipients of 2 new awards
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for Portable Media Players & Accessories Award and
Computer Peripherals & Accessories Award for 2022.
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What an outstanding track record. Vuzix remains an
innovative force in the AR/smart glasses industry,
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and these awards mark the 18th straight
year they have been honored at the CES.
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That’s a span longer than many of their
competitors have been in existence.
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Vuzix Shield is the new product line name for
the Company’s next generation smart glasses.
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And this next generation brings the
perfect combination of style and function
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with Enhanced fully wireless connectivity made
even more dynamic which is a key enabler for the
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metaverse. With completely see-through advanced
waveguide optics and revolutionary micro-LED
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display engines that can be used indoors or
outside, Vuzix delivers the future in smart
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glasses. But before we go and further lets briefly
hear how you can access the metaverse with Vuzix.
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Some really cool stuff but what’s even more
interesting is the application of Vuzix products
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across a wide range of applications
in and outside of the Metaverse.
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Vuzix Received and Delivered Significant
Follow-on Smart Glasses Order
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to a Fortune 50 Global Retailer to Support
Warehousing and Logistics Operations.
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They announced that the Company has received
and delivered a follow-on smart glasses order
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valued at over $400,000 to a large global retailer
to support the solution’s full deployment at
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its first facility supporting the warehousing
and logistics needs of this customer.
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They say combined with the
ongoing growth of online shopping,
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attaining new productivity levels for product
transportation, inventory management and
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order fulfillment will become a
distinct competitive advantage.
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And so smart glasses are becoming a cost-effective
tool to facilitate these objectives.
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Vuzix also Announced an Agreement with Verizon to
Deliver Augmented Reality with 5G and Mobile Edge
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Computing. They announced that the Company has
entered into an agreement with Verizon to leverage
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the power of Verizon’s 5G and edge computing
technologies, to deliver a first-of-its-kind
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augmented reality experience for sports and
gaming which I think is right up the metaverse
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experiences here. By leveraging Verizon's 5G
Edge and ultra-light weight AR smart glasses from
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Vuzix, they are delivering immersive technology in
the field of sports training and fan experience.
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Vuzix was also recently Named One of America’s
Best Small Companies by Forbes on America’s
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top 100 small companies for 2022 in its recently
released list. Vuzix was ranked 69th on the list
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with a 52-week return of 223.7 percent. And
Forbes’ identified the best performers using data
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from FactSet, evaluating more than 1,000 companies
that have been public for more than a year,
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with a market value between
$300 million and $2 billion
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to find companies that had positive
sales growth over the past 12 months
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and a share price of at least $5. The top ranking
was determined based on earnings and sales growth,
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return on equity and total stock return
for the latest 12 months available.
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What’s equally exciting is that all this
translates into top and bottom line growth
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as for the three months ended September 30,
2021, their total revenues increased by 9%
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to $3.0 million versus $2.8 million
for the comparable period in 2020.
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The increase was entirely due to higher sales of
Vuzix smart glasses products. There was an overall
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gross profit of $0.6 million or 19% of revenues
for the three months ended September 30, 2021.
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They say they continue to see growing demand
across their product lines with an increasing
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number of proven use cases, and they have invested
to be best prepared to fulfill that demand.
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While they are pleased to report another period of
both sequential and year-over-year revenue growth,
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their third quarter sales came in
at the low end of our expectations
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largely due to shipping delays, external supply
chain challenges, and the timing of larger
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orders associated with several blue-chip
customers. So they continued to make good
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commercial progress with an expanding number of
Fortune 100 firms across multiple industries.
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Regarding the Management outlook, they remain
focused on successfully completing multiple
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strategic initiatives that they believe will
accelerate the adoption of smart glasses,
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expand their business model, augment their
capabilities, and ultimately unlock significant
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value for Vuzix shareholders. They expect to
introduce four new smart glasses products in 2022,
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starting in the first quarter. “And for Q4, 21,
they anticipate another quarter of sequential
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revenue growth and they feel very confident
regarding their growth prospects for 2022.”
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So with a market cap of over $500 million, Vuzix
stock may present a risky investment opportunity,
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relative to their present revenues, so the company
will need to grow substantially from here in order
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for this valuation to make sense. And whilst
this may seem like an uphill task, there are
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many reasons to be excited about Vuzi delivering
on their Promise as one of the STRONGEST Names
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in the Metaverse which include: their global
leadership in smartglasses and AR technology,
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Verizon partnership, Fortune 50
retailer partnerships and more.
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The industry is expected to grow rapidly at a CAGR
of over 31% to approximately $88.4 billion by 2026
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and the, demand for Smart AR glasses is expected
to reach about 20 million to 31 million units,
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it only gets better for Vuzix in my
view. And so with Vuzix revenues up
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by approximately 156% year over year , there
is hope that such trajectory would carry on.
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In terms of a share structure, you can see how
all the major shareholders have reloaded their
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positions on the stock. The largest shareholder
being Cathie Woods Ark Invest Fund with over 7.4m
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equivalent to 11.6% of shares outstanding. All
the major institutional investors in Blackrock,
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Vanguard and State Street also
have a strong skin in this game.
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And equally exciting for me here is the
stake owned by the Paul Travers the CEO,
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who is the individual investor who and the 4th
largest shareholder with over 4.5% stake. So lots
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of skin in the game by management and insider
buys on this one with is very encouraging.
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So some very very interesting and mindblowing
prospects ahead for this metaverse stocks
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but only consider getting in if the price is right
for you and if you fully understand the risks.
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This video is not financial advice, a buy
or a sell recommendation, but is meant to
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bring some new and exciting stocks to your
attention for you to do your own research..
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As always I would love to hear
from you, so please let me know
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your thoughts on these top metaverse
stock in the comments section below and
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what other stocks are catching your eyes lately.
And If you are new to my channel, please ensure to
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subscribe, hit the bell and follow us on Twitter
so you are notified when I upload new videos.
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Thank you so much for being here and I look
forward to have you in my next video. Thank you
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