VerifyMe Inc (NASDAQ:VRME)’s traded shares stood at 0.48 million during the last session, with the company’s beta value hitting 0.64. At the close of trading, the stock’s price was $0.74, to imply a decrease of -5.75% or -$0.05 in intraday trading. The VRME share’s 52-week high remains $2.45, putting it -231.08% down since that peak but still an impressive 21.62% since price per share fell to its 52-week low of $0.58. The company has a valuation of $7.80M, with an average of 0.21 million shares in intraday trading volume over the past 10 days and average of 107.38K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for VerifyMe Inc (VRME), translating to a mean rating of 1.00. Of 1 analyst(s) looking at the stock, 0 analyst(s) give VRME a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.04.
VerifyMe Inc (NASDAQ:VRME) trade information
After registering a -5.75% downside in the last session, VerifyMe Inc (VRME) has traded red over the past five days. The 5-day price performance for the stock is 18.03%, and -5.39% over 30 days. With these gigs, the year-to-date price performance is -33.61%. Short interest in VerifyMe Inc (NASDAQ:VRME) saw shorts transact 9832.0 shares and set a 0.66 days time to cover.
The extremes give us $1.5 and $1.5 for target low and target high price respectively. As such, VRME has been trading -102.7% off suggested target high and -102.7% from its likely low.
VerifyMe Inc (VRME) estimates and forecasts
Looking at statistics comparing VerifyMe Inc share performance against respective industry, we note that the company has outperformed competitors. VerifyMe Inc (VRME) shares are -47.26% down over the last 6 months, with its year-to-date growth rate higher than industry average at 57.14% against 16.10%. The rating firms project that company’s revenue will shrink -2.28% compared to the previous financial year.
Revenue forecast for the current quarter as set by 2 analysts is 8.21M. Meanwhile, for the current quarter, a total of 2 analyst(s) estimate revenue growth to 5.79M.Earnings reports from the last fiscal year show that sales brought in 8.71M and 5.76M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -5.74% before jumping 0.61% in the following quarter.
VRME Dividends
VerifyMe Inc has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
VerifyMe Inc (NASDAQ:VRME)’s Major holders
VerifyMe Inc insiders hold 20.15% of total outstanding shares, with institutional holders owning 10.34% of the shares at 12.95% float percentage. In total, 10.34% institutions holds shares in the company, led by HIGHTOWER ADVISORS, LLC. As of 2024-06-30, the company held over 0.3 million shares (or 3.0191% of shares), all amounting to roughly $0.43 million.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 0.22 million shares, or about 2.1691% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $0.31 million.
