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

The Glimpse Group (NASDAQ:VRAR)‘s stock had its “buy” rating reaffirmed by Westpark Capital in a research report issued on Tuesday,Benzinga reports. They presently have a $4.67 price objective on the stock. Westpark Capital’s price objective would suggest a potential upside of 13.08% from the stock’s previous close.

The Glimpse Group Trading Up 18.3 %

Shares of NASDAQ:VRAR opened at $4.13 on Tuesday. The Glimpse Group has a 1-year low of $0.50 and a 1-year high of $7.00. The stock has a market cap of $75.06 million, a PE ratio of -9.60 and a beta of 1.98. The stock’s fifty day simple moving average is $0.99 and its two-hundred day simple moving average is $0.93.

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 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.