VerifyMe Inc (NASDAQ:VRME)’s traded shares stood at 2.67 million during the latest session, with the company’s beta value hitting 0.53. At the last check today, the stock’s price was $4.20, to imply a decrease of -0.94% or -$0.04 in intraday trading. The VRME share’s 52-week high remains $5.00, putting it -19.05% down since that peak but still an impressive 86.19% since price per share fell to its 52-week low of $0.58. The company has a valuation of $44.10M, with an average of 36.17 million shares in intraday trading volume over the past 10 days and average of 5.96 million 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 -0.94% downside in the latest session, VerifyMe Inc (VRME) has traded red over the past five days. The 5-day price performance for the stock is 150.00%, and 565.61% over 30 days. With these gigs, the year-to-date price performance is 208.82%. 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 64.29% off suggested target high and 64.29% 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 225.05% up over the last 6 months, with its year-to-date growth rate higher than industry average at 57.14% against 15.70%. 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 February. 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.
We also have Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund as the top two Mutual Funds with the largest holdings of the VerifyMe Inc (VRME) shares. Going by data provided on Sep 30, 2024, Vanguard Total Stock Market Index Fund holds roughly 117.98 shares. This is just over 1.12% of the total shares, with a market valuation of $0.49 million. Data from the same date shows that the other fund manager holds a little less at 106.86, or 1.02% of the shares, all valued at about 0.44 million.
