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We recently compiled an inventory of the 8 Best Augmented Reality Stocks Under $5 to Buy. In this text, we’re going to check out where The Glimpse Group, Inc. (NASDAQ:VRAR) stands against other best augmented reality stocks.
As per Ericsson, smartphones are central to the AR experience within the US and this technology’s role continues to evolve. Once easy gateways to AR, smartphones at the moment are sophisticated platforms bridging the physical and the digital worlds and empowering AR content creation and consumption. The convergence of artificial intelligence (AI), mainly Generative AI (GenAI), and AR is anticipated to grow to be the catalyst for bringing XR into mainstream life.
As per Appinventiv, autonomous vehicles proceed to grow to be an increasing number of popular on this planet. The integration of AR into these vehicles continues to assist the broader AR industry. The use of AR technology in autonomous vehicles hints at substantial improvement within the realms of transportation safety and efficiency, as per AZoRobotics. Through overlaying digital data in the actual world, AR technology helps boost comprehension of the environment for the driver and the autonomous system. As a result, the mixture of AR and AV technologies helps in making a safer, more efficient, and intuitive driving experience.
As per Grand View Research, global augmented reality in automotive market size was pegged at USD 10.41 billion in 2023. This should grow at a CAGR of 41.2% from 2024 to 2030. With the assistance of AR technology in showrooms, consumers can interact with virtual 3D models of vehicles. This will enable them to visualise several customizations.
The integration of 5G into AR/VR landscapes is anticipated to revolutionize industries. As per Idea Usher, one business application is the investment in cloud-based AR/VR solutions, leveraging 5G’s low latency and high bandwidth. This should enable seamless distant collaboration and data streaming.
Next, the arrival of WebAR has been gaining significant traction. Web-based Augmented Reality is a comparatively latest technology and, on this, the mobile application just isn’t required to operate. Market experts consider that WebAR should assist in enhancing accessibility and user engagement. This is completed by combining digital content with physical environments. Future trends amongst these consist of IoT devices, hardware improvements, and 5G connectivity.
The AR market has seen significant growth attributable to the dramatic increase in investments. Leading technology giants proceed to pump billions of dollars into the AR sector. As per SkyQuest, the most important investment goes into training and industrial maintenance, with the figure sitting at US$4.1 billion in the sector of AR. Apart from this, private firms, VCs, and a few governments are financing the research institutes. The company believes that industries including consumer, aerospace and defense, healthcare, and retail form the user base of AR.
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Additionally, the hospitals and other medical care setups proceed to see the usage of immersive modalities to assist healthcare professionals. As per SkyQuest, the AR within the healthcare industry is anticipated to carry a market size of US$1.2 billion by 2024. The surgeons are depending on AR to tackle the risks involved. This ends in fewer errors and accordingly unsafe surgeries.
The Glimpse Group, Inc. (NASDAQ:VRAR): Among 8 Best Augmented Reality Stocks Under $5 to Buy
A fashion model in a shocking and classy outfit leveraging augmented reality beauty and fashion tech.
Our Methodology
To list the 8 Best Augmented Reality Stocks Under $5 to Buy, we used the Finviz screener and sifted through several online rankings. After getting the list of 25-30 stocks, we extracted those trading at lower than $5 and narrowed our list to the next 8 stocks. Finally, we arranged the stocks within the ascending order of their hedge fund sentiments, as of Q2 2024.
Why are we desirous about the stocks that hedge funds pile into? The reason is straightforward: our research has shown that we will outperform the market by imitating the highest stock picks of the perfect hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).
Stock Price as of 18 October: $0.64
Number of Hedge Fund Holders: 1
The Glimpse Group, Inc. (NASDAQ:VRAR) is a virtual reality (VR) and augmented reality (AR) platform company, which is engaged in providing enterprise-focused software, services, and solutions within the US.
Despite the difficult environment, The Glimpse Group, Inc. (NASDAQ:VRAR) secured significant contracts with the Department of Defense, which should boost revenues in FY 2025. The company believes that Q1 2025 revenues will exceed Q4 2024 figures. The Glimpse Group, Inc. (NASDAQ:VRAR) has announced the divestiture of two wholly owned subsidiaries i.e., QReal, LLC, and Glimpse Turkey. This should offer an initial value of ~$4.0 million, which excludes potential further equity upside.
The Glimpse Group, Inc. (NASDAQ:VRAR) entered into partnerships with NVIDIA, Microsoft, and AT&T. These partnerships are expected to supply a competitive edge. These recent developments form a part of the broader strategy which incorporates a deal with facilitating future Annual Recurring Revenue opportunities. Therefore, the corporate expects a revenue increase in FY 2025.
Overall, The Glimpse Group, Inc. (NASDAQ:VRAR)’s commitment to keep up gross margins and deal with enhancing market position via strategic partnerships and opportunities within the defense sectors are expected to support its growth trajectory over the near term. Its strategy consists of proving the worth of its solutions in a bid to facilitate future ARR opportunities.
The company’s long-term strategy is centered around ARR and strategic partnerships. Brightline Interactive, which is a wholly-owned subsidiary of The Glimpse Group, Inc. (NASDAQ:VRAR), announced the signing of a Cooperative Research and Development Agreement (CRADA) with the United States Army Combat Capabilities Development Command (DEVCOM), Command, Control, Communication, Computers, Cyber, Intelligence, Surveillance and Reconnaissance (C5ISR) Center.
Overall VRAR ranks sixth on our list of best augmented reality stocks under $5. While we acknowledge the potential of VRAR as an investment, our conviction lies in the assumption that some deeply undervalued AI stocks hold greater promise for delivering higher returns, and doing so inside a shorter timeframe. If you might be on the lookout for a deeply undervalued AI stock that’s more promising than VRAR but that trades at lower than 5 times its earnings, take a look at our report about the most affordable AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
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