Versus Systems Inc. (NASDAQ: VS) stock jumped 10.68% on Friday to $0.69 against a previous-day closing price of $0.62. With 0.71 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.65 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $0.7147 whereas the lowest price it dropped to was $0.5803. The 52-week range on VS shows that it touched its highest point at $37.50 and its lowest point at $0.38 during that stretch. It currently has a 1-year price target of $2.00. Beta for the stock currently stands at 1.61.
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 9.09%, but this was up by 59.33% over a month. Three-month performance dropped to -79.97% while six-month performance fell -87.98%. The stock lost -97.76% in the past year, while it has gained 41.11% so far this year. A look at the trailing 12-month EPS for VS yields -7.49 with Next year EPS estimates of -4.93. For the next quarter, that number is -2.05. This implies an EPS growth rate of -79.90% for this year and 48.40% for next year.
Float and Shares Shorts:
At present, 2.10 million VS shares are outstanding with a float of 1.93 million shares on hand for trading. On Oct 13, 2022, short shares totaled 0.44 million, which was 1.77% higher than short shares on Sep 14, 2022. In addition to Mr. Matthew Dalton Pierce as the firm’s Founder, Chairman & CEO, Mr. Craig Charles Finster serves as its Pres & CFO.
Through their ownership of 14.87% 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 0.06% stake in VS, the Fidelity Nasdaq Composite Index F is the largest stakeholder. A total of 1,207 shares are owned by the mutual fund manager. The Wasatch Micro Cap Fund, which owns about 0.00% of VS stock, is the second-largest Mutual Fund holder. It holds 0 shares valued at 0.0. 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 0 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 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 $2.73 and a low target of $2.73, the average target price over the next 12 months is $2.73. Based on these targets, VS could surge 295.65% to reach the target high and rise by 295.65% to reach the target low. Reaching the average price target will result in a growth of 295.65% 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 02/28/2024. Analysts have provided yearly estimates in a range of -$9.54 being high and -$9.54 being low. For VS, this leads to a yearly average estimate of -$9.54. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Versus Systems Inc. surprised analysts by -$1.79 when it reported -$1.91 EPS against a consensus estimate of -$0.13. The surprise factor in the prior quarter was $0.04. Based on analyst estimates, the high estimate for the next quarter is -$2.05 and the low estimate is -$2.05. The average estimate for the next quarter is thus -$2.05.
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 6 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 293,750 while 0 shares were sold.