VerticalScope Holdings Inc. (TSE:FORA) Receives Average Rating of "Hold" from Analysts

Key Points

• VerticalScope Holdings Inc. has received an average rating of "Hold" from seven analysts, with four recommending a hold and three issuing buy ratings.
• TD Securities and National Bankshares have both recently decreased their price targets for VerticalScope, dropping to C$4.00 and C$5.50, respectively.
• The stock opened at C$3.64 and has a market cap of C$78.21 million, with a 52-week price range between C$3.00 and C$14.75.

VerticalScope Holdings Inc. (TSE:FORA - Get Free Report) has received an average rating of "Hold" from the seven ratings firms that are presently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$10.15.

A number of brokerages have issued reports on FORA. TD Securities cut their target price on VerticalScope from C$4.50 to C$4.00 and set a "hold" rating on the stock in a research report on Thursday, August 14th. National Bankshares cut their target price on VerticalScope from C$6.50 to C$5.50 and set a "sector perform" rating on the stock in a research report on Thursday, August 14th.

VerticalScope Stock Performance

Shares of FORA opened at C$3.64 on Tuesday. The business's 50 day moving average is C$3.30 and its two-hundred day moving average is C$4.00. VerticalScope has a 52-week low of C$3.00 and a 52-week high of C$14.75. The firm has a market cap of C$78.21 million, a price-to-earnings ratio of -22.75 and a beta of 0.21. The company has a quick ratio of 0.79, a current ratio of 1.65 and a debt-to-equity ratio of 55.19.

VerticalScope Company Profile

VerticalScope is a technology company that has built and operates a cloud-based digital platform for online enthusiast communities in high-consumer spending categories. VerticalScope's mission is to enable people with common interests to connect, explore their passions and share knowledge about the things they love.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.