HC Wainwright Lowers Versus Systems (NASDAQ:VS) Price Target to $1.50

Versus Systems (NASDAQ:VS) had its target price dropped by research analysts at HC Wainwright from $2.00 to $1.50 in a research note issued to investors on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the stock. HC Wainwright’s price objective indicates a potential upside of 13.64% from the stock’s current price.

Versus Systems Price Performance

NASDAQ VS opened at $1.32 on Thursday. Versus Systems has a 1 year low of $1.23 and a 1 year high of $20.80. The business’s 50-day moving average is $1.61 and its 200 day moving average is $2.19.

Versus Systems (NASDAQ:VS) last posted its earnings results on Wednesday, May 15th. The company reported ($0.53) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.49) by ($0.04). The business had revenue of $0.03 million during the quarter, compared to the consensus estimate of $0.01 million. Versus Systems had a negative return on equity of 204.20% and a negative net margin of 7,480.35%. As a group, research analysts predict that Versus Systems will post -2.01 EPS for the current fiscal year.

Versus Systems Company Profile

Versus Systems Inc develops and operates a business-to-business software platform in the United States and Canada. The company offers eXtreme Engagement Online platform that is designed primarily for in-venue main-board work in stadiums and arenas; Filter Fan Cam (FFC) platform, an augmented reality filtering tool that can be used for mobile and in-venue applications; and Winfinite, which allows brands, media companies, and advertising agencies to reach out to customers directly on their mobile devices.