VerticalScope (TSE:FORA) Price Target Lowered to C$5.00 at Raymond James Financial

VerticalScope (TSE:FORA) had its target price reduced by stock analysts at Raymond James Financial from C$7.50 to C$5.00 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Raymond James Financial’s price target would indicate a potential upside of 59.24% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. National Bank Financial dropped their price objective on shares of VerticalScope from C$5.50 to C$4.50 and set a “sector perform” rating on the stock in a report on Wednesday, January 28th. Canadian Imperial Bank of Commerce boosted their price objective on VerticalScope from C$4.00 to C$4.50 in a research report on Monday, November 10th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, VerticalScope presently has a consensus rating of “Hold” and a consensus target price of C$7.63.

VerticalScope Stock Performance

Shares of FORA stock traded up C$0.34 on Wednesday, hitting C$3.14. 39,150 shares of the stock traded hands, compared to its average volume of 13,095. The company’s fifty day moving average is C$2.94 and its 200 day moving average is C$3.17. VerticalScope has a 1-year low of C$2.40 and a 1-year high of C$12.33. The company has a market capitalization of C$67.54 million, a PE ratio of -13.08 and a beta of 0.68. The company has a debt-to-equity ratio of 59.23, a current ratio of 2.27 and a quick ratio of 0.79.

VerticalScope (TSE:FORA) last issued its earnings results on Tuesday, March 3rd. The company reported C($0.22) earnings per share (EPS) for the quarter. The business had revenue of C$20.22 million during the quarter. VerticalScope had a negative return on equity of 6.62% and a negative net margin of 8.44%. On average, equities research analysts predict that VerticalScope will post 0.3740942 earnings per share for the current fiscal year.

About VerticalScope

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.