Momentum Stock Watch: Versus Systems Inc. (VS)

Company Profile:

Versus Systems Inc. develops and operates a business-to-business software platform in the United States and Canada. The company operates eXtreme Engagement Online, a platform that allows live event producers, professional sports franchises, video game publishers and developers, live event producers, and professional sports franchises, as well as other interactive media content creators, to offer in-game prizing and rewards based on the completion of in-content challenges alongside other user engagement tools. It primarily sells its access to platform and service offerings through its direct sales organization. Versus Systems Inc. is headquartered in Vancouver, Canada.

Recent News:

On July 22, 2022, the company announced that it has signed its first contract in the Over-the-Top (“OTT”) streaming media and TV vertical – a significant milestone in the company’s history and a cornerstone in the company’s growth plan.

On July 18, 2022, the company announced that it closed its previously announced registered direct offering of 4,145,000 of the Company’s common shares (or common share equivalents) at a purchase price of $0.52 per common share (or common share equivalent).

On June 07, 2022, the company announced that the Company has entered into a strategic partnership with experiential and digital marketing agency Innovative Group to support new client programs built upon the Versus XEO platform.

Fundamental Analysis:

Ninestocks analyzes several different financial aspects:

Price to Book Value – P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.

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Price to Earnings – PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).

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Discounted cash flow – DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.

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Return on Assets – ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.

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Return on Equity – ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.

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Debt to Equity – evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.

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Conclusion:

VS receives outperform rating in price to bookd value and discounted cash flow. Technical indicators signal the bullish signs, as there is a bullish crossover in the both the MACD and the stochastic oscillator . The RSI stands at 40.3 with positive bias. We rate Versus Systems Inc. (VS) a BUY.