In today’s recent session, 12.93 million shares of the Glimpse Group Inc (NASDAQ:VRAR) have been traded, and its beta is 1.96. Most recently the company’s share price was $1.10, and it changed around $0.26 or 30.95% from the last close, which brings the market valuation of the company to $20.00M. VRAR at last check was trading at a discount to its 52-week high of $1.73, offering almost -57.27% off that amount. The share price’s 52-week low was $0.50, which indicates that the recent value has risen by an impressive 54.55% since then. We note from Glimpse Group Inc’s average daily trading volume that its 10-day average is 0.36 million shares, with the 3-month average coming to 163.18K.
Glimpse Group Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended VRAR as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Glimpse Group Inc is expected to report earnings per share of 0 for the current quarter.
Glimpse Group Inc (NASDAQ:VRAR) trade information
Instantly VRAR has been showing a green trend so far today with a performance of 30.95% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 1.3100 on recent trading dayincreased the stock’s daily price by 16.03%. The company’s shares are currently down -2.65% year-to-date, but still up 49.56% over the last five days. On the other hand, Glimpse Group Inc (NASDAQ:VRAR) is 77.96% up in the 30-day period. We can see from the shorts that 0.36 million shares have been sold at a short interest cover period of 8.05 day(s).
The consensus price target as assigned by Wall Street analysts is $12, which translates to bulls needing to increase their stock price by 90.83% from its current value. Analyst projections state that VRAR is forecast to be at a low of $12 and a high of $12.
Glimpse Group Inc (VRAR) estimates and forecasts
The year-over-year growth rate is expected to be 36.30%, up from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 3.1M in revenue for the current quarter. 1 analysts expect Glimpse Group Inc to make 3.2M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 2.08M and 1.9M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 49.29%. Forecasts for the next quarter put sales growth at 68.81%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 6.69%.
VRAR Dividends
Glimpse Group Inc’s next quarterly earnings report is expected to be released in January.
Glimpse Group Inc (NASDAQ:VRAR)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 23.39% of Glimpse Group Inc shares, and 17.34% of them are in the hands of institutional investors. The stock currently has a share float of 22.63%. Glimpse Group Inc stock is held by 23.0 institutions, with SUSQUEHANNA INTERNATIONAL GROUP, LLP being the largest institutional investor. By 2024-06-30, it held 3.4531% of the shares, which is about 0.59 million shares worth $0.61 million.
VANGUARD GROUP INC, with 3.2889% or 0.57 million shares worth $0.58 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund were the top two Mutual Funds as of Sep 30, 2024. The former held 437.15 shares worth $0.52 million, making up 2.41% of all outstanding shares. On the other hand, Vanguard Extended Market Index Fund held roughly 116.43 shares worth around $0.14 million, which represents about 0.64% of the total shares outstanding.
