VerticalScope (TSE:FORA) Trading 7.2% Higher - What's Next?

Key Points

• VerticalScope Holdings Inc. (TSE:FORA) experienced a 7.2% increase in its stock price during mid-day trading, reaching as high as C$3.74.
• Research analysts have adjusted their price targets for VerticalScope, with National Bankshares lowering its objective to C$5.50 and TD Securities to C$4.00, while the average consensus target price remains at C$10.15.
• The company has a market capitalization of C$79.72 million and a P/E ratio of -23.19, indicating current financial challenges despite its cloud-based platform for online communities.

VerticalScope Holdings Inc. (TSE:FORA - Get Free Report) traded up 7.2% during mid-day trading on Friday . The stock traded as high as C$3.74 and last traded at C$3.71. 17,541 shares were traded during trading, a decline of 67% from the average session volume of 53,950 shares. The stock had previously closed at C$3.46.

Wall Street Analyst Weigh In

FORA has been the topic of several research analyst reports. National Bankshares dropped their price objective on shares of 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. TD Securities dropped their price objective on shares of 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. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, VerticalScope presently has an average rating of "Hold" and a consensus target price of C$10.15.

VerticalScope Price Performance

The company has a market capitalization of C$79.72 million, a P/E ratio of -23.19 and a beta of 0.21. The company's 50-day moving average price is C$3.30 and its two-hundred day moving average price is C$4.09. 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.

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