VerticalScope (TSE:FORA) Sets New 12-Month Low - Should You Sell?

Key Points

• VerticalScope Holdings Inc. (TSE:FORA) shares reached a new 52-week low of C$3.85, with analysts adjusting price targets significantly lower across various financial institutions.
• The company's market capitalization stands at C$59.87 million and it has a consensus rating of "Hold," with a target price of C$10.45 according to MarketBeat.
• Insider activity includes Senior Officer Christopher Michael Goodridge purchasing 25,000 shares at C$4.00 each, indicating confidence from corporate insiders in the stock despite its current low price.

VerticalScope Holdings Inc. (TSE:FORA - Get Free Report)'s share price hit a new 52-week low on Thursday . The stock traded as low as C$3.85 and last traded at C$3.85, with a volume of 9324 shares changing hands. The stock had previously closed at C$3.90.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on FORA. Canaccord Genuity Group lowered their target price on VerticalScope from C$10.00 to C$6.00 and set a "speculative buy" rating for the company in a research note on Thursday, May 22nd. Raymond James Financial lowered their target price on VerticalScope from C$14.50 to C$9.00 in a research note on Wednesday, April 9th. TD Securities lowered their target price on VerticalScope from C$6.00 to C$4.50 and set a "hold" rating for the company in a research note on Thursday, May 22nd. Royal Bank Of Canada downgraded VerticalScope from an "outperform" rating to a "sector perform" rating and lowered their target price for the company from C$9.00 to C$6.00 in a research note on Thursday, May 22nd. Finally, National Bankshares lowered their target price on VerticalScope from C$9.00 to C$8.00 and set a "sector perform" rating for the company in a research note on Thursday, May 22nd. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of C$10.45.

VerticalScope Stock Performance

The firm's 50-day simple moving average is C$4.05 and its two-hundred day simple moving average is C$7.21. The company has a current ratio of 1.65, a quick ratio of 0.79 and a debt-to-equity ratio of 55.19. The stock has a market capitalization of C$58.61 million, a PE ratio of 20.94 and a beta of -0.02.

Insider Transactions at VerticalScope

In other VerticalScope news, Senior Officer Christopher Michael Goodridge acquired 25,000 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The stock was purchased at an average cost of C$4.00 per share, for a total transaction of C$100,000.00. Corporate insiders own 37.10% of the company's stock.

About VerticalScope

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.