Versus Systems (NASDAQ:VS) Releases Earnings Results, Beats Estimates By $28.98 EPS

Versus Systems (NASDAQ:VS) posted its quarterly earnings results on Friday. The company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($29.07) by $28.98, FiscalAI reports.

Versus Systems Price Performance

NASDAQ VS traded down $0.01 during trading hours on Friday, reaching $0.74. The company’s stock had a trading volume of 4,664 shares, compared to its average volume of 45,512. The firm has a fifty day simple moving average of $1.01 and a 200-day simple moving average of $1.17. Versus Systems has a 52 week low of $0.70 and a 52 week high of $1.86. The stock has a market cap of $4.61 million, a P/E ratio of -2.12 and a beta of 1.36.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Versus Systems from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, October 2nd. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Versus Systems presently has a consensus rating of “Sell”.

About Versus Systems

Versus Systems Inc. is a technology company that developed an engagement and monetization platform for video games, mobile applications and other digital experiences. Its software was designed to allow brands, advertisers and content providers to offer real-world rewards, promotions and other incentives to users based on in-game or in-app activities. The company’s platform sought to connect game developers and publishers with consumer brands through customizable reward campaigns. Potential applications included product promotions, loyalty programs, sponsored challenges and interactive advertising, with rewards intended to encourage participation and increase user engagement.