The Glimpse Group Inc. (NASDAQ:VRAR) traded with an addition of $0.14 to $3.03 on Thursday, an upside of 4.66 percent. An average of 271,948 shares of common stock have been traded in the last five days. There was a gain of $0.08 in the past week, and it reached a new high 4 times over the past 12 months. The last 20 days have seen an average of 102,202 shares traded, while the 50-day average volume stands at 79,701.
VRAR stock has decreased by -18.77% in the last month. The company shares reached their 1-month lowest point of $2.83 on 08/18/23. With the stock rallying to its 52-week high on 02/07/23, shares of the company touched a low of $2.50 and a high of $6.90 in 52 weeks. It has reached a new high 13 times so far this year and lost 0.00% or $0.01 in price. In spite of this, the price is down -56.09% from the 52-week high.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
Valuation Metrics
The Glimpse Group Inc. (VRARstock’s beta is 1.71. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.34, the price-to-book (PB) ratio at 1.49.
Financial Health
The quick ratio of The Glimpse Group Inc. for the recent quarter was 1.40, and the current ratio was 1.40, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the recent quarter. The Glimpse Group Inc.’s EBITDA margin is -105.46%, while its operating margin for the same period stands at -79.20%. Its gross profit as reported stood at $6.03 million compared to revenue of $7.27 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, The Glimpse Group Inc.’s return on assets was -24.20%.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$5.22 million in the quarter, while revenues of $1.31 million were grew 66.48%. Shareholders own equity worth $14.45 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at The Glimpse Group Inc. (VRAR) price momentum. RSI 9-day as of the close on 23 August was 43.95%, suggesting the stock is Neutral, with historical volatility in this time frame at 66.19%.
As of today, VRAR’s price is $2.99 +2.62% or $0.08 from its 5-day moving average. VRAR is currently trading -13.70% lower than its 20-day SMA and -19.21% lower than its 100-day SMA. However, the stock’s current price level is -23.68% below the SMA50 and -27.16% below the SMA200.
The stochastic %K and %D were 20.47% and 20.59%, respectively, and the average true range (ATR) was 0.34. With the 14-day stochastic at 18.39% and the average true range at 0.31, the RSI (14) stands at 41.84%. The stock has reached -0.04 on the 9-day MACD Oscillator while the 14-day reading was at -0.03.
Analyst Ratings
The consensus rating for The Glimpse Group Inc. (VRAR) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell VRAR, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.
What is VRAR’s price target for the next 12 months?
Analysts predict a range of price targets between $8.87 and $8.87, with a median target of $8.87. Taking a look at these predictions, the average price target given by analysts for The Glimpse Group Inc. (VRAR) stock is $8.87.
