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

Westpark Capital reiterated their buy rating on shares of The Glimpse Group (NASDAQ:VRAR) in a research report report published on Wednesday, Marketbeat.com reports. The brokerage currently has a $2.65 price target on the stock.

The Glimpse Group Stock Performance

Shares of VRAR stock opened at $0.58 on Wednesday. The Glimpse Group has a fifty-two week low of $0.50 and a fifty-two week high of $1.73. The firm has a market capitalization of $10.55 million, a price-to-earnings ratio of -1.35 and a beta of 2.02. The stock’s 50-day simple moving average is $0.72 and its 200-day simple moving average is $0.91.

The Glimpse Group (NASDAQ:VRAR) last issued its quarterly 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 net margin of 72.61% and a negative return on equity of 45.29%.

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.