VS MEDIA Stock Set to Reverse Split on Friday, January 9th (NASDAQ:VSME)

Shares of VS MEDIA Holdings Limited (NASDAQ:VSME) are going to reverse split on Friday, January 9th. The 1-20 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Thursday, January 8th.

VS MEDIA Price Performance

Shares of VS MEDIA stock opened at $0.09 on Monday. VS MEDIA has a 1 year low of $0.07 and a 1 year high of $3.21. The firm has a fifty day moving average price of $0.26 and a 200 day moving average price of $1.16.

VS MEDIA (NASDAQ:VSME) last released its quarterly earnings data on Friday, October 31st. The company reported ($0.10) EPS for the quarter. The business had revenue of $1.63 million during the quarter.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Weiss Ratings restated a “sell (e+)” rating on shares of VS MEDIA in a research report on Monday, December 29th. Wall Street Zen raised shares of VS MEDIA to a “hold” rating in a research note on Friday, September 26th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

About VS MEDIA

VS MEDIA Holdings Limited, an investment holding company, operates a network of digital creators who create and upload content to social media platforms, such as Facebook, YouTube, Instagram, and TikTok. The company was founded in 2013 and is based in Kwun Tong, Hong Kong.