The Glimpse Group Target of Unusually Large Options Trading (NASDAQ:VRAR)

The Glimpse Group, Inc. (NASDAQ:VRAR) was the target of unusually large options trading on Wednesday. Stock traders bought 2,366 call options on the company. This represents an increase of 523% compared to the typical daily volume of 380 call options.

The Glimpse Group Stock Performance

Shares of NASDAQ VRAR opened at $3.20 on Friday. The Glimpse Group has a 52-week low of $0.50 and a 52-week high of $7.00. The stock has a market cap of $58.16 million, a P/E ratio of -7.44 and a beta of 1.98. The firm has a 50 day moving average price of $0.86 and a 200 day moving average price of $0.90.

The Glimpse Group (NASDAQ:VRAR) last released its quarterly earnings results on Monday, September 30th. The company reported ($0.24) EPS for the quarter. The Glimpse Group had a negative return on equity of 55.72% and a negative net margin of 89.57%. The business had revenue of $1.73 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Westpark Capital restated a “buy” rating and set a $2.65 target price on shares of The Glimpse Group in a report on Wednesday, November 13th.

The Glimpse Group Company Profile

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.