The Glimpse Group (NASDAQ:VRAR) Earns “Buy” Rating from Westpark Capital

The Glimpse Group (NASDAQ:VRAR)‘s stock had its “buy” rating reiterated by research analysts at Westpark Capital in a note issued to investors on Wednesday,Benzinga reports. They currently have a $2.65 price target on the stock. Westpark Capital’s price target indicates a potential upside of 283.95% from the stock’s current price.

The Glimpse Group Stock Performance

Shares of VRAR stock traded down $0.01 during trading hours on Wednesday, reaching $0.69. The company had a trading volume of 28,616 shares, compared to its average volume of 56,784. The stock has a fifty day moving average of $0.73 and a 200-day moving average of $0.91. The company has a market capitalization of $12.54 million, a price-to-earnings ratio of -1.81 and a beta of 2.02. The Glimpse Group has a 12-month low of $0.58 and a 12-month high of $1.73.

The Glimpse Group (NASDAQ:VRAR) last issued its quarterly earnings data on Monday, September 30th. The company reported ($0.24) earnings per share for the quarter. The business had revenue of $1.73 million during the quarter. The Glimpse Group had a negative return on equity of 45.29% and a negative net margin of 72.61%.

The Glimpse Group Company Profile

The Glimpse Group, Inc, a virtual reality (VR) and augmented reality (AR) platform company, provides enterprise-focused software, services, and solutions in the United States. It offers QReal, a software that creates and distributes photorealistic 3D interactive digital models and experiences in AR; Immersive Health Group, a VR/AR platform for evidence-based and outcome driven healthcare solutions; and Foretell Reality, a social VR platform for behavioral health, support groups, collaboration, and soft skills training.