VRAR Stock Forecast 2024: Glimpse Group Inc (NASDAQ: VRAR) Remains Strong With -1263.64% Downside

In the last trading session, 1.14 million Glimpse Group Inc (NASDAQ:VRAR) shares changed hands as the company’s beta touched 1.98. With the company’s per share price at $0.88 changed hands at $0.18 or 25.27% during last session, the market valuation stood at $16.00M. VRAR’s last price was a discount, traded about -96.59% off its 52-week high of $1.73. The share price had its 52-week low at $0.50, which suggests the last value was 43.18% up since then. When we look at Glimpse Group Inc’s average trading volume, we note the 10-day average is 80890.0 shares, with the 3-month average coming to 97.26K.

Glimpse Group Inc (NASDAQ:VRAR) trade information

Instantly VRAR was in green as seen at the end of in last trading. With action 29.16%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -22.39%, with the 5-day performance at 29.16% in the green. However, in the 30-day time frame, Glimpse Group Inc (NASDAQ:VRAR) is 21.97% up. Looking at the short shares, we see there were 0.36 million shares sold at short interest cover period of 8.05 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 92.67% from its current 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 -1263.64% plunge from its current level, while the stock would need to soar -1263.64% for it to hit the projected low.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 6.69%. The 2024 estimates are for Glimpse Group Inc earnings to increase by 63.16%.

VRAR Dividends

Glimpse Group Inc is expected to release its next quarterly earnings report in January.

Glimpse Group Inc (NASDAQ:VRAR)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 23.39% of Glimpse Group Inc shares while 17.34% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 22.63%. There are 17.34% 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.