VerticalScope (TSE:FORA) Shares Down 2.2% - Here's What Happened

Key Points

• Shares fell 2.2% to C$2.64 on Tuesday on thin trading (2,161 shares, down ~81% versus average volume).
• Analysts have trimmed targets recently (Raymond James C$7.50→C$5.00; National Bank C$5.50→C$4.50; TD C$4.00→C$3.00), leaving a consensus rating of Hold and a consensus target of C$4.83.
• VerticalScope reported a quarterly loss of C($0.22) EPS on C$20.22M revenue, with negative net margin (-13.83%) and ROE (-10.35%), and a small market cap of C$57.24M.

VerticalScope Holdings Inc. (TSE:FORA - Get Free Report) shares fell 2.2% on Tuesday . The company traded as low as C$2.64 and last traded at C$2.64. 2,161 shares traded hands during trading, a decline of 81% from the average session volume of 11,540 shares. The stock had previously closed at C$2.70.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on FORA. Raymond James Financial cut their price target on VerticalScope from C$7.50 to C$5.00 and set an "outperform" rating for the company in a research note on Wednesday, March 4th. National Bank Financial cut their price target on VerticalScope from C$5.50 to C$4.50 and set a "sector perform" rating for the company in a research note on Wednesday, January 28th. Finally, TD Securities cut their price objective on VerticalScope from C$4.00 to C$3.00 and set a "hold" rating on the stock in a research note on Thursday, March 5th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, VerticalScope presently has a consensus rating of "Hold" and a consensus target price of C$4.83.

VerticalScope Price Performance

The stock has a 50 day moving average of C$2.89 and a two-hundred day moving average of C$3.06. The company has a debt-to-equity ratio of 60.61, a quick ratio of 0.79 and a current ratio of 2.62. The firm has a market capitalization of C$57.24 million, a P/E ratio of -7.14 and a beta of 0.33.

VerticalScope (TSE:FORA - Get Free Report) last issued its quarterly earnings results on Tuesday, March 3rd. The company reported C($0.22) EPS for the quarter. The business had revenue of C$20.22 million during the quarter. VerticalScope had a negative return on equity of 10.35% and a negative net margin of 13.83%. Sell-side analysts predict that VerticalScope Holdings Inc. will post 0.3740942 earnings per share 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.

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