Maxim Group Sticks to Their Buy Rating for VirTra Inc (VTSI)

By Carrie Williams

Maxim Group analyst Allen Klee maintained a Buy rating on VirTra Inc (VTSIResearch Report) yesterday and set a price target of $5. The company’s shares closed last Monday at $2.10, close to its 52-week low of $2.00.

Klee wrote:

“2Q19 revenue of $3.1M, down 65% y/y, missed our estimate of $5.1M. Non- GAAP loss per share of ($0.08) was worse than our EPS estimate of $0.07. VirTra faced delays in several project installations.”

According to TipRanks.com, Klee has currently no stars on a ranking scale of 0-5 stars, with an average return of -19.2% and a 21.5% success rate. Klee covers the Technology sector, focusing on stocks such as Sify Technologies Limited, Dolphin Entertainment Inc, and ATN International Inc.

VirTra Inc has an analyst consensus of Strong Buy, with a price target consensus of $5.27, representing a 134.2% upside. In a report released yesterday, Lake Street also maintained a Buy rating on the stock with a $5 price target.

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The company has a one-year high of $2.75 and a one-year low of $2.00. Currently, VirTra Inc has an average volume of 18.77K.

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VirTra, Inc. engages in the development and sale of force training and marksmanship firearms training systems and accessories for law enforcement, military, educational or civilian use. Its simulators use software, hardware and content to create realistic training that does not require live ammunition or less-than-lethal munitions.