VerticalScope (TSE:FORA) Reaches New 52-Week High at $10.93

VerticalScope Holdings Inc. (TSE:FORA)’s share price hit a new 52-week high on Wednesday . The stock traded as high as C$10.93 and last traded at C$10.00, with a volume of 79094 shares traded. The stock had previously closed at C$8.90.

Wall Street Analysts Forecast Growth

FORA has been the topic of several analyst reports. Raymond James lifted their price target on shares of VerticalScope from C$9.00 to C$11.50 in a research note on Wednesday, May 8th. Royal Bank of Canada raised their price objective on shares of VerticalScope from C$13.00 to C$14.00 and gave the company an “outperform” rating in a research report on Friday, March 15th. Eight Capital raised their price objective on shares of VerticalScope from C$7.00 to C$9.00 in a research report on Friday, March 15th. TD Securities raised their price objective on shares of VerticalScope from C$12.00 to C$15.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Finally, CIBC raised their price objective on shares of VerticalScope from C$9.00 to C$12.00 in a research report on Friday, May 10th.

VerticalScope Stock Performance

The company has a debt-to-equity ratio of 73.40, a quick ratio of 0.79 and a current ratio of 1.91. The company has a market capitalization of C$199.84 million, a P/E ratio of -103.40 and a beta of 0.06. The business’s fifty day simple moving average is C$8.11 and its 200-day simple moving average is C$6.08.

VerticalScope Company Profile

VerticalScope Holdings Inc, a technology company, operates a cloud-based digital community platform for online enthusiast communities in the United States, Canada, the United Kingdom, and internationally. The company provides digital advertising services comprising direct advertising campaigns serve primarily in original equipment manufacturers, retailers, and insurance providers; programmatic advertising which includes the monetization of display and video impressions, and private marketplace and programmatic guaranteed advertising; and custom content solutions that manages and produces branded content for advertisers, including product reviews, articles, e-mail features, and short videos; and provides e-commerce solutions.