National Bankshares Issues Pessimistic Forecast for VerticalScope (TSE:FORA) Stock Price

VerticalScope (TSE:FORA) had its target price cut by National Bankshares from C$5.50 to C$4.50 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bankshares’ target price would suggest a potential upside of 55.17% from the stock’s current price.

Separately, CIBC lifted their price target on shares of VerticalScope from C$4.00 to C$4.50 in a report on Monday, November 10th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of C$8.13.

VerticalScope Stock Performance

Shares of FORA stock traded down C$0.04 during mid-day trading on Wednesday, reaching C$2.90. The stock had a trading volume of 54,054 shares, compared to its average volume of 10,047. VerticalScope has a one year low of C$2.90 and a one year high of C$14.75. The firm has a market cap of C$62.38 million, a PE ratio of -12.08 and a beta of 1.13. The firm’s 50 day simple moving average is C$3.10 and its 200 day simple moving average is C$3.36. The company has a quick ratio of 0.79, a current ratio of 1.65 and a debt-to-equity ratio of 55.19.

VerticalScope (TSE:FORA) last announced its quarterly earnings results on Thursday, November 6th. The company reported C($0.02) earnings per share (EPS) for the quarter. The business had revenue of C$20.45 million during the quarter. VerticalScope had a net margin of 4.06% and a return on equity of 3.38%. On average, analysts forecast that VerticalScope will post 0.3740942 EPS for the current 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.