An announcement from VerticalScope Holdings, Inc. ( (TSE:FORA) ) is now available.
VerticalScope Holdings Inc. announced that its Founder, Chair, and CEO, Rob Laidlaw, has increased his investment in the company by purchasing an additional 205,649 subordinate voting shares for approximately CAD $1 million. This move reflects Laidlaw’s confidence in the company’s resilience and long-term strategy, despite current economic uncertainties. The acquisition further solidifies his control over the company, with Laidlaw and his family owning 100% of the multiple voting shares and approximately 3.2% of the subordinate voting shares.
Spark’s Take on TSE:FORA Stock
According to Spark, TipRanks’ AI Analyst, TSE:FORA is a Neutral.
The overall stock score reflects a mixed picture. Strong revenue and MAU growth, as well as improved cash flow, are significant positives. However, persistent net losses, high leverage, and bearish technical indicators signal caution. Valuation concerns due to a negative P/E ratio and lack of dividend also weigh down the score. The company needs to address its profitability and leverage issues to improve its financial stability and stock attractiveness.
To see Spark’s full report on TSE:FORA stock, click here.
More about VerticalScope Holdings, Inc.
Founded in 1999 and headquartered in Toronto, Ontario, VerticalScope is a technology company that operates a cloud-based digital platform for online enthusiast communities in high consumer spending categories. The company has built a portfolio of over 1,200 online communities and over 100 million monthly active users.
YTD Price Performance: -28.75%
Average Trading Volume: 57,281
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$175M
Learn more about FORA stock on TipRanks’ Stock Analysis page.