VerticalScope (TSE:FORA) Sets New 1-Year Low - What's Next?

Key Points

• VerticalScope Holdings Inc. (TSE:FORA) has hit a new 52-week low, trading at C$3.15 on Tuesday, with the stock last trading at C$3.25.
• Multiple research analysts have revised their price targets for the company downwards, with the average target now at C$10.15, reflecting cautious sentiment.
• The company operates a cloud-based digital platform for online communities in high-consumer spending categories, but currently holds a market capitalization of C$68.97 million and a PE ratio of -20.06.

VerticalScope Holdings Inc. (TSE:FORA - Get Free Report) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$3.15 and last traded at C$3.25, with a volume of 4125 shares trading hands. The stock had previously closed at C$3.20.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on FORA shares. 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 note on Thursday, August 14th. Royal Bank Of Canada cut shares of VerticalScope from an "outperform" rating to a "sector perform" rating and decreased their target price for the company from C$9.00 to C$6.00 in a research note on Thursday, May 22nd. Canaccord Genuity Group reduced their price objective on shares of VerticalScope from C$10.00 to C$6.00 and set a "speculative buy" rating for the company in a research report on Thursday, May 22nd. TD Securities reduced their price objective on shares of VerticalScope from C$4.50 to C$4.00 and set a "hold" rating for the company in a research report on Thursday, August 14th. Finally, CIBC reduced their price objective on shares of VerticalScope from C$6.00 to C$5.00 in a research report on Thursday, May 22nd. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of C$10.15.

VerticalScope Price Performance

The firm has a market cap of C$67.90 million, a PE ratio of -19.75 and a beta of 0.44. The stock's fifty day moving average price is C$3.62 and its 200-day moving average price is C$5.27. The company has a debt-to-equity ratio of 55.19, a current ratio of 1.65 and a quick ratio of 0.79.

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.