Traders Buy High Volume of Call Options on The Glimpse Group (NASDAQ:VRAR)

The Glimpse Group, Inc. (NASDAQ:VRAR) saw unusually large options trading activity on Wednesday. Traders bought 2,366 call options on the company. This represents an increase of 523% compared to the typical volume of 380 call options.

Analyst Ratings Changes

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

The Glimpse Group Stock Performance

Shares of VRAR opened at $3.20 on Friday. The company’s fifty day simple moving average is $0.86 and its 200 day simple moving average is $0.90. The Glimpse Group has a 1-year low of $0.50 and a 1-year high of $7.00. The company has a market cap of $58.16 million, a price-to-earnings ratio of -7.44 and a beta of 1.98.

The Glimpse Group (NASDAQ:VRAR) last announced its quarterly earnings data on Monday, September 30th. The company reported ($0.24) EPS for the quarter. The firm 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%.

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.