TD Cowen Issues Pessimistic Forecast for Gauzy (NASDAQ:GAUZ) Stock Price

Gauzy (NASDAQ:GAUZ) had its price objective decreased by investment analysts at TD Cowen from $24.00 to $18.00 in a research note issued on Friday, Briefing.com reports. The brokerage presently has a “buy” rating on the stock. TD Cowen’s price target would indicate a potential upside of 86.34% from the stock’s current price.

Gauzy Trading Down 2.7 %

Shares of GAUZ opened at $9.66 on Friday. The company’s 50-day moving average is $9.61. The company has a quick ratio of 1.03, a current ratio of 1.19 and a debt-to-equity ratio of 0.38. Gauzy has a 1-year low of $8.17 and a 1-year high of $17.10.

Gauzy (NASDAQ:GAUZ) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.88) EPS for the quarter, missing analysts’ consensus estimates of ($0.40) by ($0.48). The business had revenue of $24.41 million during the quarter, compared to the consensus estimate of $23.83 million. As a group, research analysts expect that Gauzy will post -1.95 EPS for the current fiscal year.

Institutional Investors Weigh In On Gauzy

Several large investors have recently bought and sold shares of the stock. Point72 DIFC Ltd purchased a new stake in shares of Gauzy in the 2nd quarter valued at approximately $170,000. Skylands Capital LLC purchased a new position in Gauzy in the second quarter valued at $825,000. Empyrean Capital Partners LP acquired a new stake in Gauzy in the second quarter valued at $1,202,000. Ghisallo Capital Management LLC purchased a new stake in Gauzy during the 2nd quarter worth about $1,491,000. Finally, Millennium Management LLC acquired a new position in shares of Gauzy during the 2nd quarter worth about $2,824,000.

Gauzy Company Profile

Gauzy Ltd. is a fully-integrated light and vision control company which focused on the research, development, manufacturing and marketing of vision and light control technologies. It operates principally in Germany, France, the United States, Canada, China, Singapore and Dubai. Gauzy Ltd. is headquartered in Tel Aviv, Israel.