In yesterday’s Wall Street session, VIQ Solutions Inc. (NASDAQ:VQS) shares traded at $0.25, up 2.82% from the previous session.
2 analysts cover VIQ Solutions Inc. (NASDAQ:VQS), according to research data. The consensus rating among analysts is ‘Buy’. VQS stock price is now -54.11% away from the 50-day moving average and -77.87% away from the 200-day moving average. The market capitalization of the company currently stands at $13.66M.
The stock has received a hold rating from 0 analysts and a buy rating from 2.
A total of 20.35% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in VQS stock. A new stake in VIQ Solutions Inc. shares was purchased by ARMISTICE CAPITAL, LLC during the first quarter worth $329,000. WIPFLI FINANCIAL ADVISORS LLC, invested $11,000 in shares of VQS during the first quarter. In the first quarter, CITADEL ADVISORS LLC acquired a new stake in VIQ Solutions Inc. valued at approximately $11,000. VIRTU FINANCIAL LLC acquired a new stake in VQS for approximately $4,000. MILLENNIUM MANAGEMENT LLC purchased a new stake in VQS valued at around $4,000 in the second quarter. In total, there are 12 active investors with 17.70% ownership of the company’s stock.
On Wednesday morning VIQ Solutions Inc. (NASDAQ: VQS) stock kicked off with the opening price of $0.2462. During the past 12 months, VIQ Solutions Inc. has had a low of $0.22 and a high of $2.72. As of last week, the company has a debt-to-equity ratio of 0.54, a current ratio of 1.10, and a quick ratio of 1.10. The fifty day moving average price for VQS is $0.5556 and a two-hundred day moving average price translates $1.1523 for the stock.
The latest earnings results from VIQ Solutions Inc. (NASDAQ: VQS) was released for Jun, 2022. The net profit margin was -23.60% and return on equity was -52.50% for VQS. The company reported revenue of $11.79 million for the quarter, compared to $7.09 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 66.33 percent.
VIQ Solutions Inc.(VQS) Company Profile
VIQ Solutions Inc. operates as a technology and service platform provider for digital evidence capture, retrieval, and content management in Australia, the United States, the United Kingdom, Canada, and internationally. It operates through two segments, Technology and Related Revenue, and Technology Services. The Technology segment develops, distributes, and licenses computer-based digital solutions based on its technology. The Technology Services segment provides recording and transcription services. The company offers CapturePro that securely speeds the capture, creation, and management of large volumes of information, as well as preserves and secures the spoken word and video image, and delivers data; MobileMic Pro for capturing and managing incident reports, recorded statements, case notes, and other vital information; NetScribe, a speech-to-text engine to consolidate, accelerate, and optimize transcription workflows; aiAssist, a multi-tenant workflow and analysis platform to manage, convert, and analyze large volumes of audio and visual content; and FirstDraft that converts audio files to text to provide access to interviews, testimonies, recorded calls, and dictations. It also provides legal, criminal justice, insurance, government, medical, corporate finance, media, and transcription services. The company was incorporated in 2004 and is based in Mississauga, Canada.