Versus Systems Inc (NASDAQ:VS) price closed on current market day and remained unchanged from its previous close.
A look at the daily price movement shows that the last close reads $3.03, with intraday deals fluctuated between $2.7755 and $3.66. The company’s 5Y monthly beta was ticking 1.967. Taking into account the 52-week price action we note that the stock hit a 52-week high of $9.59 and 52-week low of $1.00. The stock added 144.37% on its value in the past month.
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Versus Systems Inc, which has a market valuation of $32.45 million, is expected to release its quarterly earnings report in November.
On average, analysts have forecast the company’s revenue for the quarter will hit 20k, with the likely lows of 20k and highs of 20k. The average estimate suggests sales growth for the quarter will likely fall by -13.00% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of 110k for the company’s annual revenue in current year. Per this projection, the revenue is forecast to grow -59.40% below that which the company brought in the current year earning report.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give VS a short term outlook of Hold on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 50% Buy.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 1 analysts have assigned VS a recommendation rating as follows: 1 rate it as a Hold; 0 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Versus Systems Inc (VS) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Hold, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that VS’s price is at present 103.92% off the SMA20 and 110.33% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 70.56, with weekly volatility standing at 51.06%. The indicator jumps to 16.68% when calculated based on the past 30 days. Versus Systems Inc (NASDAQ:VS)’s beta value is holding at 1.99, while the average true range (ATR) indicator is currently reading 0.75. Considering analysts have assigned the stock a price target range of $1.5-$1.5 as the low and high respectively, we find the trailing 12-month average consensus price target to be $1.5. Based on this estimate, we see that current price is roughly 50.5% off the estimated low and 50.5% off the forecast high. Investors will no doubt be excited to see the share price rise to $1.5, which is the median consensus price, and at that level VS would be 50.5% from current price.
An analysis of the Versus Systems Inc (NASDAQ:VS) stock in terms of its daily trading volume indicates that the 3-month average is 1.96 million. However, this figure increases on the past 10-day timeline to an average of 11.72 million.
Current records show that the company has 10.71M in outstanding shares. The insiders’ percentage holdings are 38.93% of outstanding shares while the percentage share held by institutions stands at 0.03%. The stats also highlight that short interest as of 2024-09-30, stood at 67989.0 shares, which puts the short ratio at the time at 0.13. From this we can glean that short interest is 436.00 of company’s current outstanding shares. Notably, we see that shares short in September fall slightly given the previous month’s figure stood at 77172.0.
