Glimpse Group Inc (NASDAQ: VRAR) Has Succeeded In Generating Interest In 2024, The Stock Is Up 193.81% Year-To-Date

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Glimpse Group Inc (NASDAQ:VRAR)’s traded shares stood at 2.11 million during the last session, with the company’s beta value hitting 1.03. At the close of trading, the stock’s price was $3.42, to imply a decrease of -17.19% or -$0.71 in intraday trading. The VRAR share’s 52-week high remains $7.00, putting it -104.68% down since that peak but still an impressive 85.38% since price per share fell to its 52-week low of $0.50. The company has a valuation of $51.47M, with an average of 12.7 million shares in intraday trading volume over the past 10 days and average of 2.53 million shares over the past 3 months.

Glimpse Group Inc (NASDAQ:VRAR) trade information

After registering a -17.19% downside in the last session, Glimpse Group Inc (VRAR) has traded red over the past five days. The 5-day price performance for the stock is 108.81%, and 388.95% over 30 days. With these gigs, the year-to-date price performance is 193.81%. Short interest in Glimpse Group Inc (NASDAQ:VRAR) saw shorts transact 0.36 million shares and set a 8.05 days time to cover.

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The extremes give us $12 and $12 for target low and target high price respectively. As such, VRAR has been trading -250.88% off suggested target high and -250.88% from its likely low.

Glimpse Group Inc (VRAR) estimates and forecasts

The rating firms project that company’s revenue will grow 36.30% compared to the previous financial year.

Revenue forecast for the current quarter as set by 1 analysts is 3.1M. Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 3.2M.Earnings reports from the last fiscal year show that sales brought in 2.08M and 1.9M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 49.29% before jumping 68.81% in the following quarter.

VRAR Dividends

Glimpse Group Inc has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

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

Glimpse Group Inc insiders hold 23.39% of total outstanding shares, with institutional holders owning 17.34% of the shares at 22.63% float percentage. In total, 17.34% institutions holds shares in the company, led by SUSQUEHANNA INTERNATIONAL GROUP, LLP. As of 2024-06-30, the company held over 0.59 million shares (or 3.4531% of shares), all amounting to roughly $0.61 million.

The next major institution holding the largest number of shares is VANGUARD GROUP INC with 0.57 million shares, or about 3.2889% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $0.58 million.

We also have Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund as the top two Mutual Funds with the largest holdings of the Glimpse Group Inc (VRAR) shares. Going by data provided on Sep 30, 2024 , Vanguard Total Stock Market Index Fund holds roughly 437.15 shares. This is just over 2.41% of the total shares, with a market valuation of $1.5 million. Data from the same date shows that the other fund manager holds a little less at 116.43, or 0.64% of the shares, all valued at about 0.4 million.