In the last trading session, 3.18 million shares of the VerifyMe Inc (NASDAQ:VRME) were traded, and its beta was 0.61. Most recently the company’s share price was $3.00, and it changed around -$0.6 or -16.67% from the last close, which brings the market valuation of the company to $31.50M. VRME currently trades at a discount to its 52-week high of $5.00, offering almost -66.67% off that amount. The share price’s 52-week low was $0.58, which indicates that the current value has risen by an impressive 80.67% since then. We note from VerifyMe Inc’s average daily trading volume that its 10-day average is 24.25 million shares, with the 3-month average coming to 6.07 million.
VerifyMe Inc stock received a consensus recommendation rating of Overweight, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 2 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 0 recommended VRME as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. VerifyMe Inc is expected to report earnings per share of -0.04 for the current quarter.
VerifyMe Inc (NASDAQ:VRME) trade information
Instantly VRME has showed a red trend with a performance of -16.67% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 5.00 on recent trading dayincreased the stock’s daily price by 40.0%. The company’s shares are currently up 120.59% year-to-date, but still down -27.36% over the last five days. On the other hand, VerifyMe Inc (NASDAQ:VRME) is 391.80% up in the 30-day period. We can see from the shorts that 9832.0 shares have been sold at a short interest cover period of 0.66 day(s).
The consensus price target as assigned by Wall Street analysts is $1.5, which translates to bulls needing to decrease their stock price by -100.0% from its current value. Analyst projections state that VRME is forecast to be at a low of $1.5 and a high of $1.5.
VerifyMe Inc (VRME) estimates and forecasts
VerifyMe Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 141.94 percent over the past six months and at a 57.14% annual growth rate that is well above the industry average of 16.00%. The year-over-year growth rate is expected to be -2.28%, down from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 8.21M in revenue for the current quarter. 2 analysts expect VerifyMe Inc to make 5.79M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 8.71M and 5.76M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -5.74%. Forecasts for the next quarter put sales growth at 0.61%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 25.98%.
VRME Dividends
VerifyMe Inc’s next quarterly earnings report is expected to be released in February.
VerifyMe Inc (NASDAQ:VRME)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 20.15% of VerifyMe Inc shares, and 10.34% of them are in the hands of institutional investors. The stock currently has a share float of 12.95%. VerifyMe Inc stock is held by 21.0 institutions, with HIGHTOWER ADVISORS, LLC being the largest institutional investor. By 2024-06-30, it held 3.0191% of the shares, which is about 0.3 million shares worth $0.43 million.
VANGUARD GROUP INC, with 2.1691% or 0.22 million shares worth $0.31 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund were the top two Mutual Funds as of Sep 30, 2024 . The former held 117.98 shares worth $0.35 million, making up 1.12% of all outstanding shares. On the other hand, Vanguard Extended Market Index Fund held roughly 106.86 shares worth around $0.32 million, which represents about 1.02% of the total shares outstanding.
