Versus Systems Inc. (NASDAQ: VS) stock fell -7.09% on Friday to $0.38 against a previous-day closing price of $0.41. With 1.97 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.43 million shares. During the session, the Electronic Gaming & Multimedia company that operates in wider Communication Services sector, reached to the highest price of $0.4084 whereas the lowest price it dropped to was $0.3590. 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 1.34.
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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 down-trending over the past week, with a drop of -5.00%, but this was down by -15.08% over a month. Three-month performance dropped to -63.12% while six-month performance fell -81.55%. The stock lost -92.13% in the past year, while it has lost -81.90% 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 Jul 14, 2022, short shares totaled 0.39 million, which was 1.90% higher than short shares on Jun 14, 2022. In addition to Mr. Matthew Dalton Pierce as the firm’s Founder, CEO & Director, Mr. Craig Charles Finster serves as its Pres & CFO.
Institutional Ownership:
Through their ownership of 16.73% 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.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2022, VS reported revenue of $323.76k and operating income of -$3.41M. Over the past year, revenue came in at $1.09M while operating income stood at -$16.45M. It generated -$2.58M net income for the quarter, which came to -$9.25M over the last twelve months. The EBITDA in the recently reported quarter was -$2.73M and diluted EPS was -$0.14. EBITDA for the full year was -$12.51M.
Analysts Ratings:
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 742.11% to reach the target high and rise by 742.11% to reach the target low. Reaching the average price target will result in a growth of 742.11% 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.
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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.
