VerticalScope (TSE:FORA) Price Target Cut to C$4.00 by Analysts at Raymond James Financial

VerticalScope (TSE:FORA) had its price objective decreased by equities researchers at Raymond James Financial from C$5.00 to C$4.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James Financial’s target price points to a potential upside of 34.68% from the stock’s previous close.

A number of other equities research analysts have also recently commented on the stock. Royal Bank Of Canada decreased their target price on shares of VerticalScope from C$6.00 to C$5.00 and set a “sector perform” rating for the company in a research report on Friday, May 15th. National Bank Financial cut their price target on shares of VerticalScope from C$4.50 to C$4.25 and set a “sector perform” rating on the stock in a report on Friday, May 15th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of C$4.15.

VerticalScope Stock Up 14.2%

VerticalScope stock traded up C$0.37 during trading hours on Friday, reaching C$2.97. The stock had a trading volume of 46,507 shares, compared to its average volume of 10,291. The company has a market cap of C$64.57 million, a price-to-earnings ratio of -7.42 and a beta of 0.50. The business’s 50 day moving average price is C$2.66 and its 200-day moving average price is C$2.77. VerticalScope has a 52 week low of C$2.40 and a 52 week high of C$4.25. The company has a debt-to-equity ratio of 62.67, a current ratio of 2.62 and a quick ratio of 0.79.

VerticalScope (TSE:FORA) last released its quarterly earnings results on Thursday, August 13th. The company reported C($0.06) earnings per share for the quarter. VerticalScope had a negative net margin of 15.53% and a negative return on equity of 11.51%. The firm had revenue of C$19.64 million during the quarter. Sell-side analysts anticipate that VerticalScope will post 0.3740942 EPS 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.