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

VerticalScope (TSE:FORA) had its price objective decreased by equities researchers at National Bankshares from C$5.50 to C$4.50 in a research report issued on Wednesday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bankshares’ price target points to a potential upside of 57.89% from the stock’s previous close.

Separately, CIBC upped their price target on VerticalScope from C$4.00 to C$4.50 in a research note on Monday, November 10th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, VerticalScope currently has a consensus rating of “Hold” and an average target price of C$8.13.

VerticalScope Stock Performance

Shares of FORA opened at C$2.85 on Wednesday. The company has a 50-day simple moving average of C$3.10 and a two-hundred day simple moving average of C$3.35. The company has a debt-to-equity ratio of 55.19, a current ratio of 1.65 and a quick ratio of 0.79. The firm has a market capitalization of C$61.30 million, a PE ratio of -11.88 and a beta of 1.13. VerticalScope has a one year low of C$2.83 and a one year high of C$14.75.

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