Versus Systems (NASDAQ:VS) Posts Earnings Results, Beats Estimates By $28.98 EPS

Versus Systems (NASDAQ:VS) released its quarterly earnings results on Friday. The company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($29.07) by $28.98, FiscalAI reports.

Versus Systems Stock Down 1.0%

Shares of NASDAQ VS traded down $0.01 during mid-day trading on Friday, hitting $0.74. 4,664 shares of the company were exchanged, compared to its average volume of 45,512. Versus Systems has a 1-year low of $0.70 and a 1-year high of $1.86. The firm has a market cap of $4.61 million, a price-to-earnings ratio of -2.12 and a beta of 1.36. The stock has a 50 day simple moving average of $1.01 and a 200-day simple moving average of $1.17.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Versus Systems from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, October 2nd. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Versus Systems Company Profile

Versus Systems Inc. is a technology company that developed an engagement and monetization platform for video games, mobile applications and other digital experiences. Its software was designed to allow brands, advertisers and content providers to offer real-world rewards, promotions and other incentives to users based on in-game or in-app activities. The company’s platform sought to connect game developers and publishers with consumer brands through customizable reward campaigns. Potential applications included product promotions, loyalty programs, sponsored challenges and interactive advertising, with rewards intended to encourage participation and increase user engagement.