Glimpse Group Inc (NASDAQ: VRAR) has experienced a rise in its stock price by 14.15 compared to its previous closing price of 0.68. However, the company has seen a gain of 31.37% in its stock price over the last five trading days. accesswire.com reported 2024-11-22 that NEW YORK CITY, NY / ACCESSWIRE / November 22, 2024 / The Glimpse Group, Inc. (“Glimpse”) (NASDAQ:VRAR), a diversified Immersive Technology platform company providing enterprise-focused Virtual Reality (“VR”), Augmented Reality (“AR”) and Spatial Computing software and services, today announced that it was selected to the 2024 Deloitte Technology Fast 500™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America. Glimpse was ranked as the 197th highest growth company.
Is It Worth Investing in Glimpse Group Inc (NASDAQ: VRAR) Right Now?
VRAR has 36-month beta value of 1.98. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for VRAR is 13.14M, and currently, short sellers hold a 2.74% ratio of that float. The average trading volume of VRAR on November 26, 2024 was 92.87K shares.
VRAR’s Market Performance
The stock of Glimpse Group Inc (VRAR) has seen a 31.37% increase in the past week, with a 7.71% rise in the past month, and a -20.09% fall in the past quarter. The volatility ratio for the week is 8.57%, and the volatility levels for the past 30 days are at 12.09% for VRAR. The simple moving average for the past 20 days is 17.70% for VRAR’s stock, with a -22.24% simple moving average for the past 200 days.
VRAR Trading at 11.18% from the 50-Day Moving Average
After a stumble in the market that brought VRAR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -55.20% of loss for the given period.
Volatility was left at 12.09%, however, over the last 30 days, the volatility rate increased by 8.57%, as shares surge +11.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.11% lower at present.
During the last 5 trading sessions, VRAR rose by +31.37%, which changed the moving average for the period of 200-days by -36.21% in comparison to the 20-day moving average, which settled at $0.6584. In addition, Glimpse Group Inc saw -31.41% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for VRAR
Current profitability levels for the company are sitting at:
- -0.36 for the present operating margin
- 1.0 for the gross margin
The net margin for Glimpse Group Inc stands at -0.42. The total capital return value is set at -0.08. Equity return is now at value -56.23, with -37.04 for asset returns.
Currently, EBITDA for the company is -6.58 million with net debt to EBITDA at 0.0. When we switch over and look at the enterprise to sales, we see a ratio of 0.0. The receivables turnover for the company is 2.8for trailing twelve months and the total asset turnover is 0.16. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.83.
Conclusion
To put it simply, Glimpse Group Inc (VRAR) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
