VerticalScope (TSE:FORA) Sets New 12-Month High – Should You Buy?

VerticalScope Holdings Inc. (TSE:FORA)’s share price reached a new 52-week high on Tuesday . The stock traded as high as C$12.91 and last traded at C$12.90, with a volume of 14710 shares. The stock had previously closed at C$12.00.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FORA. CIBC boosted their price objective on shares of VerticalScope from C$9.00 to C$10.00 in a research note on Thursday, November 14th. Raymond James boosted their price objective on shares of VerticalScope from C$11.50 to C$13.00 in a research note on Wednesday, November 13th. Royal Bank of Canada boosted their price objective on shares of VerticalScope from C$16.00 to C$17.00 in a research note on Thursday, January 30th. National Bankshares boosted their price objective on shares of VerticalScope from C$11.50 to C$13.00 in a research note on Thursday, November 14th. Finally, Eight Capital boosted their price objective on shares of VerticalScope from C$15.00 to C$18.00 in a research note on Monday, December 2nd.

VerticalScope Stock Performance

The firm has a market cap of C$240.20 million, a price-to-earnings ratio of 184.29 and a beta of -0.02. The stock’s 50 day moving average is C$10.74 and its 200 day moving average is C$9.27. The company has a current ratio of 1.80, a quick ratio of 0.79 and a debt-to-equity ratio of 63.66.

Insider Activity at VerticalScope

In other VerticalScope news, Director Rob Laidlaw sold 8,500 shares of the company’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of C$12.62, for a total transaction of C$107,270.00. Also, Senior Officer Christopher Michael Goodridge purchased 12,500 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was acquired at an average price of C$8.70 per share, for a total transaction of C$108,750.00. In the last 90 days, insiders have sold 26,400 shares of company stock worth $304,926. Insiders own 37.10% of the company’s stock.

About VerticalScope

VerticalScope is a technology company that has built and operates a cloud-based digital platform for online enthusiast communities in high-consumer spending categories. VerticalScope’s mission is to enable people with common interests to connect, explore their passions and share knowledge about the things they love.