Westpark Capital Reiterates “Buy” Rating for The Glimpse Group (NASDAQ:VRAR)

Westpark Capital reaffirmed their buy rating on shares of The Glimpse Group (NASDAQ:VRAR) in a research report released on Wednesday morning, MarketBeat.com reports. They currently have a $2.65 target price on the stock.

The Glimpse Group Stock Performance

Shares of VRAR opened at $0.58 on Wednesday. The stock has a fifty day moving average of $0.72 and a two-hundred day moving average of $0.91. The company has a market capitalization of $10.55 million, a PE ratio of -1.35 and a beta of 2.02. The Glimpse Group has a fifty-two week low of $0.50 and a fifty-two week high of $1.73.

The Glimpse Group (NASDAQ:VRAR) last issued its quarterly earnings results on Monday, September 30th. The company reported ($0.24) earnings per share for the quarter. The business had revenue of $1.73 million during the quarter. The Glimpse Group had a negative net margin of 89.57% and a negative return on equity of 52.78%.

About The Glimpse Group

The Glimpse Group, Inc, a virtual reality (VR) and augmented reality (AR) platform company, provides enterprise-focused software, services, and solutions in the United States. It offers QReal, a software that creates and distributes photorealistic 3D interactive digital models and experiences in AR; Immersive Health Group, a VR/AR platform for evidence-based and outcome driven healthcare solutions; and Foretell Reality, a social VR platform for behavioral health, support groups, collaboration, and soft skills training.