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

The Glimpse Group (NASDAQ:VRAR)‘s stock had its “buy” rating restated by analysts at Westpark Capital in a report issued on Tuesday,Benzinga reports. They currently have a $4.67 target price on the stock. Westpark Capital’s price objective points to a potential upside of 36.55% from the company’s current price.

The Glimpse Group Stock Down 17.2 %

VRAR stock opened at $3.42 on Tuesday. The Glimpse Group has a 52 week low of $0.50 and a 52 week high of $7.00. The company has a market cap of $62.16 million, a price-to-earnings ratio of -7.95 and a beta of 1.98. The business has a fifty day simple moving average of $1.10 and a 200-day simple moving average of $0.97.

The Glimpse Group (NASDAQ:VRAR) last announced its quarterly earnings results on Monday, September 30th. The company reported ($0.24) EPS for the quarter. The firm had revenue of $1.73 million for the quarter. The Glimpse Group had a negative return on equity of 55.72% and a negative net margin of 89.57%.

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.