The Glimpse Group (NASDAQ:VRAR) Trading Down 1.2% – Time to Sell?

The Glimpse Group, Inc. (NASDAQ:VRAR) was down 1.2% on Wednesday . The stock traded as low as $0.70 and last traded at $0.73. Approximately 353,176 shares were traded during mid-day trading, an increase of 429% from the average daily volume of 66,803 shares. The stock had previously closed at $0.74.

Analysts Set New Price Targets

Separately, Westpark Capital restated a “buy” rating and issued a $2.65 price objective on shares of The Glimpse Group in a research note on Wednesday, November 13th.

The Glimpse Group Stock Down 1.2 %

The firm has a 50-day moving average of $0.69 and a two-hundred day moving average of $0.86. The company has a market capitalization of $13.20 million, a PE ratio of -1.69 and a beta of 1.98.

The Glimpse Group (NASDAQ:VRAR) last posted its quarterly earnings data on Monday, September 30th. The company reported ($0.24) EPS 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 55.72%.

The Glimpse Group Company Profile

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.