VerticalScope (TSE:FORA) Sets New 12-Month Low – What’s Next?

VerticalScope Holdings Inc. (TSE:FORA)’s stock price hit a new 52-week low on Tuesday . The stock traded as low as C$2.66 and last traded at C$2.68, with a volume of 1560 shares changing hands. The stock had previously closed at C$2.70.

Analysts Set New Price Targets

A number of brokerages have recently commented on FORA. Canadian Imperial Bank of Commerce upped their price target on VerticalScope from C$4.00 to C$4.50 in a report on Monday, November 10th. National Bank Financial cut their target price on shares of 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. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of C$8.13.

VerticalScope Stock Down 4.2%

The firm has a 50 day moving average price of C$3.00 and a 200-day moving average price of C$3.23. The firm has a market cap of C$53.78 million, a price-to-earnings ratio of -10.42 and a beta of 0.68. 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 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.