Glimpse Group Inc (NASDAQ:VRAR) has a beta value of 1.92 and has seen 1.6 million shares traded in the last trading session. The company, currently valued at $21.31M, closed the last trade at $1.23 per share which meant it lost -$0.06 on the day or -4.65% during that session. The VRAR stock price is -44.72% off its 52-week high price of $1.78 and 59.35% above the 52-week low of $0.50. If we look at the company’s 10-day average daily trading volume, we find that it stood at 5.87 million shares traded. The 3-month trading volume is 937.67K shares.
Glimpse Group Inc (NASDAQ:VRAR) trade information
Sporting -4.65% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the VRAR stock price touched $1.23 or saw a rise of 30.9%. Year-to-date, Glimpse Group Inc shares have moved 8.85%, while the 5-day performance has seen it change 68.10%. Over the past 30 days, the shares of Glimpse Group Inc (NASDAQ:VRAR) have changed 75.71%. Short interest in the company has seen 0.36 million shares shorted with days to cover at 8.05.
Wall Street analysts have a consensus price target for the stock at $12, which means that the shares’ value could jump 89.75% from current levels. The projected low price target is $12.0 while the price target rests at a high of $12.0. In that case, then, we find that the current price level is -875.61% off the targeted high while a plunge would see the stock gain -875.61% from current levels.
Glimpse Group Inc (VRAR) estimates and forecasts
The company’s shares have gained 10.81% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 36.30%.
1 analysts offering their estimates for the company have set an average revenue estimate of 3.1M for the current quarter. 1 have an estimated revenue figure of 3.2M for the next ending quarter. Year-ago sales stood 2.08M and 1.9M respectively for this quarter and the next, and analysts expect sales will grow by 49.29% for the current quarter and 36.30% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 6.69% over the past 5 years.
VRAR Dividends
Glimpse Group Inc is expected to release its next earnings report in January this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Glimpse Group Inc (NASDAQ:VRAR)’s Major holders
Insiders own 23.39% of the company shares, while shares held by institutions stand at 17.34% with a share float percentage of 22.63%. Investors are also buoyed by the number of investors in a company, with Glimpse Group Inc having a total of 23.0 institutions that hold shares in the company. The top two institutional holders are SUSQUEHANNA INTERNATIONAL GROUP, LLP with over 0.59 million shares worth more than $0.61 million. As of 2024-06-30, SUSQUEHANNA INTERNATIONAL GROUP, LLP held 3.4531% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 0.57 million shares as of 2024-06-30. The firm’s total holdings are worth over $0.58 million and represent 3.2889% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund . As of Sep 30, 2024 , the former fund manager holds about 2.41% shares in the company for having 437.15 shares of worth $0.54 million while later fund manager owns 116.43 shares of worth $0.14 million as of Sep 30, 2024 , which makes it owner of about 0.64% of company’s outstanding stock.
