In last trading session, VerifyMe Inc (NASDAQ:VRME) saw 70.85 million shares changing hands with its beta currently measuring 0.53. Company’s recent per share price level of $1.68 trading at $0.15 or 9.80% at ring of the bell on the day assigns it a market valuation of $17.64M. That closing price of VRME’s stock is at a discount of -47.62% from its 52-week high price of $2.48 and is indicating a premium of 65.48% from its 52-week low price of $0.58. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 20.83 million shares which gives us an average trading volume of 2.27 million if we extend that period to 3-months.
For VerifyMe Inc (VRME), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.
VerifyMe Inc (NASDAQ:VRME) trade information
Upright in the green during last session for gaining 9.80%, in the last five days VRME remained trading in the green while hitting it’s week-highest on Wednesday, 01/08/25 when the stock touched $1.68 price level, adding 51.86% to its value on the day. VerifyMe Inc’s shares saw a change of 23.53% in year-to-date performance and have moved 23.53% in past 5-day. VerifyMe Inc (NASDAQ:VRME) showed a performance of 174.02% in past 30-days. Number of shares sold short was 9832.0 shares which calculate 0.66 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 1.5 to the stock, which implies a fall of -12.0% to its current value. Analysts have been projecting 1.5 as a low price target for the stock while placing it at a high target of 1.5. It follows that stock’s current price would jump 10.71% in reaching the projected high whereas dropping to the targeted low would mean a gain of 10.71% for stock’s current value.
VerifyMe Inc (VRME) estimates and forecasts
Statistics highlight that VerifyMe Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 24.44% of value to its shares in past 6 months, showing an annual growth rate of 57.14% while that of industry is 15.70. Apart from that, the company came raising its revenue forecast for fiscal year 2025.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 25.98% during past 5 years.
VerifyMe Inc (NASDAQ:VRME)’s Major holders
Insiders are in possession of 20.15% of company’s total shares while institution are holding 10.34 percent of that, with stock having share float percentage of 12.95%. Investors also watch the number of corporate investors in a company very closely, which is 10.34% institutions for VerifyMe Inc that are currently holding shares of the company. HIGHTOWER ADVISORS, LLC is the top institutional holder at VRME for having 0.3 million shares of worth $0.43 million. And as of 2024-06-30, it was holding 3.0191 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 0.22 million shares on 2024-06-30. The number of shares represents firm’s hold over 2.1691 of outstanding shares, having a total worth of $0.31 million.
