VerticalScope (TSE:FORA) Stock Price Up 3.9% – Time to Buy?

VerticalScope Holdings Inc. (TSE:FORA)’s stock price shot up 3.9% on Wednesday . The company traded as high as C$3.29 and last traded at C$3.19. 19,682 shares changed hands during trading, a decline of 59% from the average session volume of 48,093 shares. The stock had previously closed at C$3.07.

Wall Street Analyst Weigh In

Separately, CIBC upped their price target on shares of VerticalScope from C$4.00 to C$4.50 in a research note on Monday, November 10th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of C$8.25.

VerticalScope Stock Performance

The stock has a market capitalization of C$68.62 million, a P/E ratio of -13.29 and a beta of 0.68. The company has a quick ratio of 0.79, a current ratio of 1.65 and a debt-to-equity ratio of 55.19. The company has a 50-day moving average price of C$3.26 and a two-hundred day moving average price of C$3.48.

VerticalScope (TSE:FORA) last issued its quarterly earnings data on Thursday, November 6th. The company reported C($0.02) EPS for the quarter. VerticalScope had a net margin of 4.06% and a return on equity of 3.38%. The firm had revenue of C$20.45 million for the quarter. Equities analysts expect that VerticalScope Holdings Inc. will post 0.3740942 earnings per share for the current 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.