In the last trading session, 57.01 million VerifyMe Inc (NASDAQ:VRME) shares changed hands as the company’s beta touched 0.42. With the company’s per share price at $4.13 changed hands at $1.58 or 61.96% during last session, the market valuation stood at $43.36M. VRME’s last price was a premium, traded about 15.5% off its 52-week high of $3.49. The share price had its 52-week low at $0.58, which suggests the last value was 85.96% up since then. When we look at VerifyMe Inc’s average trading volume, we note the 10-day average is 26.62 million shares, with the 3-month average coming to 4.39 million.
Analysts gave the VerifyMe Inc (VRME) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. 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 VRME as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight.
VerifyMe Inc (NASDAQ:VRME) trade information
Instantly VRME was in green as seen at the end of in last trading. With action 205.93%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 203.68%, with the 5-day performance at 205.93% in the green. However, in the 30-day time frame, VerifyMe Inc (NASDAQ:VRME) is 498.98% up. Looking at the short shares, we see there were 9832.0 shares sold at short interest cover period of 0.66 days.
The consensus price target for the stock as assigned by Wall Street analysts is 1.5, meaning bulls need a downside of -175.33% from its current market value. According to analyst projections, VRME’s forecast low is 1.5 with 1.5 as the target high. To hit the forecast high, the stock’s price needs a 63.68% surge from its current level, while the stock would need to tank 63.68% for it to hit the projected low.
VerifyMe Inc (VRME) estimates and forecasts
Data shows that the VerifyMe Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 205.93% over the past 6 months, a 57.14% in annual growth rate that is considerably higher than the industry average of 16.10%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 25.98%. The 2025 estimates are for VerifyMe Inc earnings to increase by 22.00%.
VRME Dividends
VerifyMe Inc is expected to release its next quarterly earnings report in February.
VerifyMe Inc (NASDAQ:VRME)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 20.15% of VerifyMe Inc shares while 10.34% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 12.95%. There are 10.34% institutions holding the VerifyMe Inc stock share, with HIGHTOWER ADVISORS, LLC the top institutional holder. As of 2024-06-30, the company held 3.0191% of the shares, roughly 0.3 million VRME shares worth $0.43 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 2.1691% or 0.22 million shares worth $0.31 million as of 2024-06-30.
