During the last session, VerifyMe Inc (NASDAQ:VRME)’s traded shares were 0.37 million, with the beta value of the company hitting 0.66. At the end of the trading day, the stock’s price was $0.62, reflecting an intraday loss of -11.86% or -$0.08. The 52-week high for the VRME share is $2.45, that puts it down -295.16 from that peak though still a striking -9.68% loss since the share price plummeted to a 52-week low of $0.68. The company’s market capitalization is $6.48M, and the average intraday trading volume over the past 10 days was 74540.0 shares, and the average trade volume was 24.77K shares over the past three months.
VerifyMe Inc (VRME) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. VRME has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.04.
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VerifyMe Inc (NASDAQ:VRME) trade information
VerifyMe Inc (VRME) registered a -11.86% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -11.86% in intraday trading to $0.62, hitting a weekly high. The stock’s 5-day price performance is -38.30%, and it has moved by -53.61% in 30 days. Based on these gigs, the overall price performance for the year is -41.79%. The short interest in VerifyMe Inc (NASDAQ:VRME) is 9832.0 shares and it means that shorts have 0.66 day(s) to cover.
The consensus price target of analysts on Wall Street is $1.5, which implies an increase of 58.67% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $1.5 and $1.5 respectively. As a result, VRME is trading at a discount of -141.94% off the target high and -141.94% off the low.
VerifyMe Inc (VRME) estimates and forecasts
Statistics show that VerifyMe Inc has outperformed its competitors in share price, compared to the industry in which it operates. VerifyMe Inc (VRME) shares have gone down -61.91% during the last six months, with a year-to-date growth rate more than the industry average at 57.14% against 18.60. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -275.00% this quarter and then jump 11.24% in the quarter after that. In the rating firms’ projections, revenue will decrease -2.28% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 8.21M as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 5.79M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 8.71M and 5.76M respectively. In this case, analysts expect current quarter sales to shrink by -5.74% and then jump by 0.61% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 25.98%. While earnings are projected to return 22.00% in 2024.
VRME Dividends
VerifyMe Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
VerifyMe Inc (NASDAQ:VRME)’s Major holders
VerifyMe Inc insiders own 20.15% of total outstanding shares while institutional holders control 10.34%, with the float percentage being 12.95%. HIGHTOWER ADVISORS, LLC is the largest shareholder of the company, while 21.0 institutions own stock in it. As of 2024-06-30, the company held over 0.3 million shares (or 3.0191% of all shares), a total value of $0.43 million in shares.
The next largest institutional holding, with 0.22 million shares, is of VANGUARD GROUP INC’s that is approximately 2.1691% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $0.31 million.
Also, the Mutual Funds coming in first place with the largest holdings of VerifyMe Inc (VRME) shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund . Data provided on Jun 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 111.64 shares. This amounts to just over 1.06 percent of the company’s overall shares, with a $68884.0 market value. The same data shows that the other fund manager holds slightly less at 106.86, or about 1.02% of the stock, which is worth about $65930.0.
