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Verb Technology Company Inc. (NASDAQ: VERB): Can It Make A Huge Gain?

In the last trading session, 3.22 million Verb Technology Company Inc. (NASDAQ:VERB) shares changed hands as the company’s beta touched 1.13. With the company’s per share price at $1.25 changed hands at $0.12 or 10.13% during last session, the market valuation stood at $5.10M. VERB’s last price was a discount, traded about -1756.0% off its 52-week high of $23.20. The share price had its 52-week low at $0.69, which suggests the last value was 44.8% up since then. When we look at Verb Technology Company Inc.’s average trading volume, we note the 10-day average is 20.66 million shares, with the 3-month average coming to 3.28 million.

Analysts gave the Verb Technology Company Inc. (VERB) stock a consensus recommendation rating of a Buy, calculated at a mean rating of 2.00. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended VERB as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Verb Technology Company Inc.’s EPS for the current quarter is expected to be -$0.6.

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Verb Technology Company Inc. (NASDAQ:VERB) trade information

Instantly VERB was in green as seen at the end of in last trading. With action -28.16%, the performance over the past five days has been red. The jump to weekly highs of 1.8000 on Friday, 09/15/23 added 10.13% to the stock’s daily price. The company’s shares are showing year-to-date downside of -80.96%, with the 5-day performance at -28.16% in the red. However, in the 30-day time frame, Verb Technology Company Inc. (NASDAQ:VERB) is 19.05% up. Looking at the short shares, we see there were 81760.0 shares sold at short interest cover period of 1.77 days.

The consensus price target for the stock as assigned by Wall Street analysts is $10.00, meaning bulls need an upside of 87.5% from its current market value. According to analyst projections, VERB’s forecast low is $10.00 with $10.00 as the target high. To hit the forecast high, the stock’s price needs a -700.0% plunge from its current level, while the stock would need to soar -700.0% for it to hit the projected low.

Verb Technology Company Inc. (VERB) estimates and forecasts

Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Verb Technology Company Inc. will rise 81.20%, while the growth in revenue is estimated to hit 63.70% for the next quarter. Year-over-year growth is forecast to reach -73.50% down from the last financial year.

Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of $100k. 1 analysts are of the opinion that Verb Technology Company Inc.’s revenue for the quarter ending Dec 2023 will be $200k. The estimates for the next quarter sales put growth at -90.70%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 17.70%. The 2023 estimates are for Verb Technology Company Inc. earnings to increase by 29.40%.

VERB Dividends

Verb Technology Company Inc. is expected to release its next quarterly earnings report in October.

Verb Technology Company Inc. (NASDAQ:VERB)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 10.36% of Verb Technology Company Inc. shares while 10.07% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 11.24%. There are 10.07% institutions holding the Verb Technology Company Inc. stock share, with Sabby Management, LLC the top institutional holder. As of Jun 29, 2023, the company held 2.89% of the shares, roughly 0.13 million VERB shares worth $0.14 million.

Blackrock Inc. holds the second largest percentage of outstanding shares, with 0.68% or 30631.0 shares worth $33081.0 as of Jun 29, 2023.

Among Mutual Funds, the top two as of Jun 29, 2023 were Vanguard Extended Market Index Fund and Fidelity Extended Market Index Fund. With 23175.0 shares estimated at $25029.0 under it, the former controlled 0.51% of total outstanding shares. On the other hand, Fidelity Extended Market Index Fund held about 0.19% of the shares, roughly 8540.0 shares worth around $12468.0.

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