VerticalScope (TSE:FORA) Hits New 1-Year Low - Time to Sell?

Key Points

• VerticalScope Holdings Inc.'s share price fell to a new 52-week low of C$3.05, indicating a significant decline in value as the stock continues to struggle.
• Brokerages have downgraded their price targets for VerticalScope, with National Bankshares reducing it from C$6.50 to C$5.50 and Canaccord Genuity lowering theirs from C$10.00 to C$6.00.
• The stock currently has a market cap of C$65.54 million, a negative price-to-earnings ratio of -19.06, and analysts maintain a consensus rating of "Hold" with a price target of C$10.15.

VerticalScope Holdings Inc. (TSE:FORA - Get Free Report)'s stock price hit a new 52-week low during trading on Tuesday . The company traded as low as C$3.05 and last traded at C$3.07, with a volume of 21037 shares. The stock had previously closed at C$3.18.

Analyst Ratings Changes

A number of brokerages have recently commented on FORA. TD Securities cut their price target on shares of VerticalScope from C$4.50 to C$4.00 and set a "hold" rating on the stock in a report on Thursday, August 14th. National Bankshares decreased their target price on shares of VerticalScope from C$6.50 to C$5.50 and set a "sector perform" rating for the company in a research report on Thursday, August 14th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of C$10.15.

VerticalScope Stock Performance

The company has a market capitalization of C$65.54 million, a P/E ratio of -19.06 and a beta of 0.44. The stock's 50 day moving average is C$3.53 and its 200-day moving average is C$4.96. The company has a debt-to-equity ratio of 55.19, a current ratio of 1.65 and a quick ratio of 0.79.

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.