The Glimpse Group Sees Unusually Large Options Volume (NASDAQ:VRAR)

The Glimpse Group, Inc. (NASDAQ:VRAR) was the recipient of some unusual options trading on Wednesday. Stock traders acquired 2,366 call options on the company. This is an increase of 523% compared to the average daily volume of 380 call options.

The Glimpse Group Stock Up 44.7 %

NASDAQ:VRAR traded up $0.71 during mid-day trading on Wednesday, reaching $2.30. 16,072,501 shares of the company were exchanged, compared to its average volume of 373,105. The stock has a market cap of $41.79 million, a PE ratio of -5.14 and a beta of 1.98. The Glimpse Group has a 12 month low of $0.50 and a 12 month high of $2.47. The company has a fifty day moving average of $0.76 and a 200 day moving average of $0.87.

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

Analyst Ratings Changes

Separately, Westpark Capital reissued 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 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.