Versus Systems Inc. (NASDAQ: VS) stock fell -12.50% on Friday to $0.47 against a previous-day closing price of $0.54. With 3.36 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.33 million shares. During the session, the Electronic Gaming & Multimedia company that operates in wider Communication Services sector, reached to the highest price of $0.5100 whereas the lowest price it dropped to was $0.4200. The 52-week range on VS shows that it touched its highest point at $5.18 and its lowest point at $0.37 during that stretch. It currently has a 1-year price target of $2.50. Beta for the stock currently stands at 1.35.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of VS was up-trending over the past week, with a rise of 26.17%, but this was down by -5.33% over a month. Three-month performance dropped to -52.84% while six-month performance fell -76.38%. The stock lost -89.55% in the past year, while it has lost -77.50% so far this year. A look at the trailing 12-month EPS for VS yields -1.10 with Next year EPS estimates of -0.64. For the next quarter, that number is -0.22. This implies an EPS growth rate of -79.90% for this year and 40.00% for next year.
Float and Shares Shorts:
At present, 19.08 million VS shares are outstanding with a float of 18.10 million shares on hand for trading. On Apr 28, 2022, short shares totaled 44830.0, which was 0.22% higher than short shares on Mar 30, 2022. In addition to Mr. Matthew Dalton Pierce as the firm’s Founder, CEO & Director, Mr. Craig Charles Finster serves as its Pres & CFO.
Through their ownership of 17.67% of VS’s outstanding shares, institutional investors have minority control over the company. Other institutions hold — of VS, in contrast to — held by mutual funds. Shares owned by individuals account for –. With a 8.58% stake in VS, the Wasatch Micro Cap Fund is the largest stakeholder. A total of 1,776,021 shares are owned by the mutual fund manager. The Fidelity Nasdaq Composite Index F, which owns about 0.09% of VS stock, is the second-largest Mutual Fund holder. It holds 18,105 shares valued at 7658.0. Pictet International Capital Mgmt holds 0.00% of the stake in VS, owning 0 shares worth 0.0.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for VS since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With VS analysts setting a high price target of $3.20 and a low target of $3.20, the average target price over the next 12 months is $3.20. Based on these targets, VS could surge 580.85% to reach the target high and rise by 580.85% to reach the target low. Reaching the average price target will result in a growth of 580.85% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. VS will report FY 2022 earnings on 05/02/2023. Analysts have provided yearly estimates in a range of -$0.77 being high and -$0.77 being low. For VS, this leads to a yearly average estimate of -$0.77. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Versus Systems Inc. surprised analysts by -$0.00 when it reported -$0.14 EPS against a consensus estimate of -$0.14. The surprise factor in the prior quarter was -$0.13. Based on analyst estimates, the high estimate for the next quarter is -$0.22 and the low estimate is -$0.22. The average estimate for the next quarter is thus -$0.22.
Summary of Insider Activity:
Insiders traded VS stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 14 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 303,750 while 0 shares were sold.