VerticalScope (TSE:FORA) Stock Price Up 2% – Still a Buy?

VerticalScope Holdings Inc. (TSE:FORA) shares rose 2% during trading on Tuesday . The stock traded as high as C$3.10 and last traded at C$3.10. Approximately 7,035 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 50,069 shares. The stock had previously closed at C$3.04.

Analyst Upgrades and Downgrades

FORA has been the subject of a number of research analyst reports. TD Securities lowered their price target on VerticalScope from C$4.50 to C$4.00 and set a “hold” rating for the company in a report on Thursday, August 14th. National Bankshares decreased their price objective on shares of VerticalScope from C$6.50 to C$5.50 and set a “sector perform” rating for the company in a report on Thursday, August 14th. Finally, CIBC increased their target price on shares of VerticalScope from C$4.00 to C$4.50 in a report on Monday, November 10th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of C$8.25.

VerticalScope Price Performance

The company has a market capitalization of C$66.68 million, a P/E ratio of -12.92 and a beta of 0.68. The company has a quick ratio of 0.79, a current ratio of 1.65 and a debt-to-equity ratio of 55.19. The business has a 50 day simple moving average of C$3.38 and a 200-day simple moving average of C$3.60.

VerticalScope (TSE:FORA) last issued its quarterly earnings data on Thursday, November 6th. The company reported C($0.02) earnings per share for the quarter. The firm had revenue of C$20.45 million during the quarter. VerticalScope had a net margin of 4.06% and a return on equity of 3.38%. Analysts predict that VerticalScope Holdings Inc. will post 0.3740942 EPS for the current fiscal year.

VerticalScope Company Profile

VerticalScope Holdings Inc is a technology company that operates a cloud-based digital community platform comprising hyper-focused apps, forums, marketplaces, editorial, and e-commerce rating and brand review websites.