VerticalScope (TSE:FORA) Sets New 1-Year Low – What’s Next?

VerticalScope Holdings Inc. (TSE:FORA) shares reached a new 52-week low on Monday . The company traded as low as C$2.40 and last traded at C$2.56, with a volume of 9501 shares traded. The stock had previously closed at C$2.54.

Wall Street Analysts Forecast Growth

FORA has been the topic of a number of recent research reports. Canadian Imperial Bank of Commerce raised their price target on shares of VerticalScope from C$4.00 to C$4.50 in a research report on Monday, November 10th. National Bank Financial decreased their target price on shares of VerticalScope from C$5.50 to C$4.50 and set a “sector perform” rating on the stock in a research report on Wednesday, January 28th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, VerticalScope has a consensus rating of “Hold” and a consensus price target of C$8.13.

VerticalScope Stock Up 0.8%

The firm has a 50 day simple moving average of C$2.99 and a two-hundred day simple moving average of C$3.21. 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 stock has a market capitalization of C$55.07 million, a P/E ratio of -10.67 and a beta of 0.68.

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.