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

The Glimpse Group (NASDAQ:VRAR)‘s stock had its “buy” rating restated by investment analysts at Westpark Capital in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $2.65 price target on the stock. Westpark Capital’s target price indicates a potential upside of 278.19% from the company’s previous close.

The Glimpse Group Price Performance

Shares of NASDAQ:VRAR opened at $0.70 on Wednesday. The business’s 50 day simple moving average is $0.72 and its 200 day simple moving average is $0.91. The Glimpse Group has a 1 year low of $0.58 and a 1 year high of $1.73. The company has a market capitalization of $12.73 million, a P/E ratio of -1.84 and a beta of 2.02.

The Glimpse Group (NASDAQ:VRAR) last released 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 45.29% and a negative net margin of 72.61%.

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.