Glimpse Group Inc (NASDAQ:VRAR) traded at $1.41 at last check on current trade day and made an upward move of 20.51% on its previous day’s price.
Looking at the stock we see that its previous close was $1.17 and the beta (5Y monthly) reads 2.024 with the day’s price range being $1.1501 – $1.47. In terms of its 52-week price range, VRAR has a high of $1.78 and a low of $0.50. The company’s stock has gained about 142.79% over that past 30 days.
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Glimpse Group Inc has a market cap of $25.62 million and is expected to release its quarterly earnings report in January.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 3.1M, with a low of 3.1M and a high of 3.1M. The median projection represents growth squeezing down to 49.29% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 12M, or 36.30% up from figures reported last year.
On the other hand, looking at the outlook for the VRAR stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 50% Sell.
Looking further, we note the current price level is 58.74% off its SMA20 and 85.25% from its 50-day simple moving average. The RSI (14) is pointing at 68.79 while the volatility over the past week is 37.03% and jumps to 21.75% over the past one month. The beta value is 1.96, while the average true range (ATR) is currently pointing at 0.21. The average price target for the stock over the next 12 months is $12, with the estimates having a low of $12 and a high of $12. These price ends are -751.06% and -751.06% off the today’s price level respectively, although investors could be excited at the prospect of a -751.06% if the VRAR share price touches on the median price of $12.
Coming back to Glimpse Group Inc (NASDAQ:VRAR), we note that the average 3-month trading volume was 974.60K, while that of the preceding 10-day period stands at 5.83 million. Current shares outstanding are 18.17 million.
The insiders hold 36.83% of the company’s shares while institutions hold 13.16%. The data shows that short shares as of 2024-10-31, stood at 0.36 million at a short ratio of 8.05. This represents a 251.00 short interest in shares outstanding on 2024-10-31. Shares short fall in October from the previous month at 0.37 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 24.78% up in year-to-date price movement.
