In the latest trading session,, 2.4 million Glimpse Group Inc (NASDAQ:VRAR) shares changed hands as the company’s beta touched 2.01. With the company’s most recent per share price at $0.78 changed hands at -$0.13 or -14.23% at last look, the market valuation stands at $14.17M. VRAR’s current price is a discount, trading about -343.59% off its 52-week high of $3.46. The share price had its 52-week low at $0.73, which suggests the last value was 6.41% up since then. When we look at Glimpse Group Inc’s average trading volume, we note the 10-day average is 26240.0 shares, with the 3-month average coming to 35.46K.
Glimpse Group Inc (NASDAQ:VRAR) trade information
Instantly VRAR was in red as seen in intraday trades today. With action -13.31%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -30.93%, with the 5-day performance at -13.31% in the red. However, in the 30-day time frame, Glimpse Group Inc (NASDAQ:VRAR) is 3.45% up. Looking at the short shares, we see there were 42894.0 shares sold at short interest cover period of 1.12 days.
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The consensus price target for the stock as assigned by Wall Street analysts is 12, meaning bulls need an upside of 93.5% from its recent market value. According to analyst projections, VRAR’s forecast low is 12 with 12 as the target high. To hit the forecast high, the stock’s price needs a -1438.46% plunge from its current level, while the stock would need to soar -1438.46% for it to hit the projected low.
Glimpse Group Inc (VRAR) estimates and forecasts
Year-over-year growth is forecast to reach -32.50% down from the last financial year.
Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 2M. 1 analysts are of the opinion that Glimpse Group Inc’s revenue for the current quarter will be 2.6M. The company’s revenue for the corresponding quarters a year ago was 2.91M and 3.89M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -31.20%. The estimates for the next quarter sales put growth at -33.20%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -39.48%. The 2024 estimates are for Glimpse Group Inc earnings to increase by 81.95%.
Glimpse Group Inc (NASDAQ:VRAR)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 28.95% of Glimpse Group Inc shares while 19.10% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 26.88%. There are 19.10% institutions holding the Glimpse Group Inc stock share, with SUSQUEHANNA INTERNATIONAL GROUP, LLP the top institutional holder. As of 2024-06-30, the company held 3.4531% of the shares, roughly 0.59 million VRAR shares worth $0.61 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 3.2889% or 0.57 million shares worth $0.58 million as of 2024-06-30.
