As of May 15, 2023, Glimpse Group (NASDAQ:VRAR) has released a report stating that their sales for the third quarter of the year have reached $3.67 million. This is a significant increase of 78.85 percent compared to the same period last year, where sales were only $2.05 million. It appears that Glimpse Group is experiencing a positive trend in their sales performance.
VRAR Stock Analysis: Market Cap, Earnings Growth, and Revenue Growth
On May 15, 2023, the VRAR stock opened at 4.07, slightly higher than the previous close of 4.01. The day’s range was between 4.05 and 4.10, with a volume of 646 shares traded.
VRAR has a market cap of $56.2M, and its earnings growth over the past year has been +14.07%. This year, the earnings growth has increased to +17.65%. However, there is no data available for the earnings growth for the next five years.
The company’s revenue growth over the past year has been impressive, with a growth rate of +112.41%. However, the company reported an annual profit of -$6.0M last year, with a net profit margin of -82.09%.
VRAR operates in the technology services sector, specifically in the packaged software industry.
The P/E ratio for VRAR is NM, which means that the company is not currently profitable. The price/sales ratio is 6.42, and the price/book ratio is 1.77.
Investors should keep an eye on the company’s financial performance in the future to make informed investment decisions.
Glimpse Group Incs Stock Performance Shines with 72.20% Increase in Median Target Price Forecast
On May 15, 2023, Glimpse Group Inc’s stock performance was in the spotlight. According to data from CNN Money, the one analyst offering a 12-month price forecast for the company had a median target of 7.00, with a high estimate of 7.00 and a low estimate of 7.00. This median estimate represented a significant increase of +72.20% from the last price of 4.07. The current consensus among one polled investment analyst was to buy stock in Glimpse Group Inc. This rating had held steady since October when it was unchanged from a buy rating. The reporting date for the company’s current quarter earnings per share and sales was listed as “TBD.” Despite the lack of current quarter data, the positive forecast for Glimpse Group Inc’s stock performance was encouraging. As a virtual and augmented reality company, Glimpse Group Inc was likely to benefit from the growing interest in these technologies, making it a potentially promising investment opportunity.
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