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

VerticalScope Holdings Inc. (TSE:FORA)’s stock price reached a new 52-week high during mid-day trading 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

A number of analysts recently issued reports on the company. CIBC upped their target price on VerticalScope from C$9.00 to C$10.00 in a research report on Thursday, November 14th. Royal Bank of Canada upped their target price on VerticalScope from C$16.00 to C$17.00 in a research report on Thursday, January 30th. Eight Capital upped their target price on VerticalScope from C$15.00 to C$18.00 in a research report on Monday, December 2nd. Canaccord Genuity Group upped their target price on VerticalScope from C$14.00 to C$17.00 in a research report on Thursday, November 14th. Finally, TD Securities upped their target price on VerticalScope from C$16.00 to C$17.00 and gave the company a “buy” rating in a research report on Thursday, November 14th.

VerticalScope Stock Up 7.5 %

The firm has a 50-day simple moving average of C$10.74 and a 200 day simple moving average of C$9.27. The company has a debt-to-equity ratio of 63.66, a current ratio of 1.80 and a quick ratio of 0.79. The company has a market capitalization of C$240.20 million, a PE ratio of 184.29 and a beta of -0.02.

Insider Transactions at VerticalScope

In other VerticalScope news, Senior Officer Christopher Michael Goodridge purchased 12,500 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were bought at an average price of C$8.70 per share, with a total value of C$108,750.00. Also, Director Rob Laidlaw sold 8,500 shares of VerticalScope stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of C$12.62, for a total value of C$107,270.00. Over the last ninety days, insiders have sold 26,400 shares of company stock valued at $304,926. 37.10% of the stock is currently owned by insiders.

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.