The Vanguard Group, Inc. has recently announced that it has increased stake in The Glimpse Group Inc. (NASDAQ:VRAR) by 374.02%. After grabbing 0.7 million shares, the institutional investor is now in possession of 0.55 million shares of the Technology Company. The new investment brought the stake of investor firm to 5.17% having worth around $2.13 million. Moreover, Geode Capital Management LLC increased its share by 42154.0 to have a control over 66256.0 shares. And NorthRock Partners LLC raised its holdings to 40000.0 shares by acquiring 60061.0 shares or 0.44% of the stake.
The Glimpse Group Inc. (VRAR) concluded trading on 01/25/23 at a closing price of $3.42, with 61600.0 shares of worth about $0.21 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -18.57% during that period and on Wednesday the price saw a loss of about -6.30%. Currently the company’s common shares owned by public are about 13.32M shares, out of which, 9.06M shares are available for trading.
From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio
The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.
Get our free report, "Top 5 AI Stocks to Buy for 2023".
Sponsored
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 1 analysts are covering the VRAR stock and their offered price forecasts bring an average price target of $7.00. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $7.00 and could fall to a lowest price of $7.00. The stock’s current price level is 51.14% above of average price target set by the analysts, while a rise to estimated low would result in gain of 51.14% for the stock. However, touching the estimated high of $7.00 would mean a gain of 51.14% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 22 times over the past 12 months. They bought 195,189 shares in 22 of the transactions. In 0 selling transactions, insiders dumped 0 shares.
Vanguard Total Stock Market Index, Vanguard Extended Market Index Fu, and Fidelity Extended Market Index Fu are the top 3 mutual funds which are holding stakes in The Glimpse Group Inc. Vanguard Total Stock Market Index is currently holding 0.44 million shares of worth totaling $1.34 million. The company recently came selling -0.21 million shares which brought its stake up to 3.25% of the company’s outstanding shares. Vanguard Extended Market Index Fu bought 170.0 shares, after which its hold over company’s outstanding shares expand to 0.36%, leaving 48382.0 shares with the mutual fund that have a worth of about $0.15 million. Fidelity Extended Market Index Fu, after buying 41139.0 shares, have now control over 0.30% of the stake in the company. It holds 0.0 shares of worth $0.12 million.
The Glimpse Group Inc. (NASDAQ: VRAR) started trading at $3.5858, below -$0.06 from concluding price of the previous day. However, the stock later moved at a day high price of 3.6100, or with a loss of -6.30%. Stock saw a price change of -1.16% in past 5 days and over the past one month there was a price change of 4.27%. Year-to-date (YTD), VRAR shares are showing a performance of 12.87% which decreased to -66.96% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.50 but also hit the highest price of $10.90 during that period. The average intraday trading volume for The Glimpse Group Inc. shares is 47.71K. The stock is currently trading 5.77% above its 20-day simple moving average (SMA20), while that difference is down -11.01% for SMA50 and it goes to -25.04% lower than SMA200.
The Vanguard Group, Inc. acquired 0.7 million shares of The Glimpse Group Inc. having value of about $2.13 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.55 million shares in the company valued at close to $1897980.3, or have control over 374.02% stake in the company. The Glimpse Group Inc. (NASDAQ: VRAR) currently have 13.32M outstanding shares and institutions hold larger chunk of about 8.30% of that. Holding of mutual funds in the company is about 3.85% while other institutional holders and individual stake holders have control over 4.30% and 20.64% of the stake respectively.
The stock has a current market capitalization of $44.02M. It has posted earnings per share of -$0.76 in the same period. It has Quick Ratio of 1.70 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for VRAR, volatility over the week remained 8.09% while standing at 9.62% over the month.
Analysts are in expectations that The Glimpse Group Inc. (VRAR) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is -$0.39 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. Stock’s fiscal year EPS is expected to rise by 39.40% while it is estimated to increase by 46.60% in next year.
Analysts at 1 brokerage firms have issued recommendations for the The Glimpse Group Inc. (VRAR)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 1 Wall Street analysts, 1 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
