During the recent session, Glimpse Group Inc (NASDAQ:VRAR)’s traded shares were 0.72 million, with the beta value of the company hitting 1.92. At the last check today, the stock’s price was $1.25, reflecting an intraday loss of -3.10% or -$0.04. The 52-week high for the VRAR share is $1.78, that puts it down -42.4 from that peak though still a striking 60.0% gain since the share price plummeted to a 52-week low of $0.50. The company’s market capitalization is $22.71M, and the average intraday trading volume over the past 10 days was 5.71 million shares, and the average trade volume was 937.67K shares over the past three months.
Glimpse Group Inc (NASDAQ:VRAR) trade information
Glimpse Group Inc (VRAR) registered a -3.10% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -3.10% in intraday trading to $1.25, hitting a weekly high. The stock’s 5-day price performance is 70.84%, and it has moved by 78.57% in 30 days. Based on these gigs, the overall price performance for the year is 10.62%. The short interest in Glimpse Group Inc (NASDAQ:VRAR) is 0.36 million shares and it means that shorts have 8.05 day(s) to cover.
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The consensus price target of analysts on Wall Street is $12, which implies an increase of 89.58% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $12 and $12 respectively. As a result, VRAR is trading at a discount of -860.0% off the target high and -860.0% off the low.
Glimpse Group Inc (VRAR) estimates and forecasts
In the rating firms’ projections, revenue will increase 36.30% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 3.1M as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 3.2M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 2.08M and 1.9M respectively. In this case, analysts expect current quarter sales to grow by 49.29% and then jump by 68.81% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 6.69%. While earnings are projected to return 63.16% in 2024.
VRAR Dividends
Glimpse Group Inc is due to release its next quarterly earnings in January. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Glimpse Group Inc (NASDAQ:VRAR)’s Major holders
Glimpse Group Inc insiders own 23.39% of total outstanding shares while institutional holders control 17.34%, with the float percentage being 22.63%. SUSQUEHANNA INTERNATIONAL GROUP, LLP is the largest shareholder of the company, while 23.0 institutions own stock in it. As of 2024-06-30, the company held over 0.59 million shares (or 3.4531% of all shares), a total value of $0.61 million in shares.
The next largest institutional holding, with 0.57 million shares, is of VANGUARD GROUP INC’s that is approximately 3.2889% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $0.58 million.
