VerifyMe Inc (NASDAQ:VRME) has a beta value of 0.59 and has seen 2.83 million shares traded in the last trading session. The company, currently valued at $18.79M, closed the last trade at $1.79 per share which meant it lost -$0.06 on the day or -3.24% during that session. The VRME stock price is -179.33% off its 52-week high price of $5.00 and 67.6% above the 52-week low of $0.58. If we look at the company’s 10-day average daily trading volume, we find that it stood at 17.77 million shares traded. The 3-month trading volume is 6.38 million shares.
The consensus among analysts is that VerifyMe Inc (VRME) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.04.
VerifyMe Inc (NASDAQ:VRME) trade information
Sporting -3.24% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the VRME stock price touched $1.79 or saw a rise of 56.66%. Year-to-date, VerifyMe Inc shares have moved 31.62%, while the 5-day performance has seen it change -58.37%. Over the past 30 days, the shares of VerifyMe Inc (NASDAQ:VRME) have changed 184.44%. Short interest in the company has seen 9832.0 shares shorted with days to cover at 0.66.
Wall Street analysts have a consensus price target for the stock at $1.5, which means that the shares’ value could drop -19.33% from current levels. The projected low price target is $1.5 while the price target rests at a high of $1.5. In that case, then, we find that the current price level is 16.2% off the targeted high while a plunge would see the stock lose 16.2% from current levels.
VerifyMe Inc (VRME) estimates and forecasts
Figures show that VerifyMe Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 49.17% over the past 6 months, with this year growth rate of 57.14%, compared to 15.10% for the industry. Revenue growth from the last financial year stood is estimated to be -2.28%.
2 analysts offering their estimates for the company have set an average revenue estimate of 8.21M for the current quarter. 2 have an estimated revenue figure of 5.79M for the next ending quarter. Year-ago sales stood 8.71M and 5.76M respectively for this quarter and the next, and analysts expect sales will shrink by -5.74% for the current quarter and -2.28% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 25.98% over the past 5 years. Earnings growth for 2025 is a modest 22.00% while over the next 5 years, the company’s earnings are expected to increase by 12.06%.
VRME Dividends
VerifyMe Inc is expected to release its next earnings report in February this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
VerifyMe Inc (NASDAQ:VRME)’s Major holders
Insiders own 20.15% of the company shares, while shares held by institutions stand at 10.34% with a share float percentage of 12.95%. Investors are also buoyed by the number of investors in a company, with VerifyMe Inc having a total of 21.0 institutions that hold shares in the company. The top two institutional holders are HIGHTOWER ADVISORS, LLC with over 0.3 million shares worth more than $0.43 million. As of 2024-06-30, HIGHTOWER ADVISORS, LLC held 3.0191% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 0.22 million shares as of 2024-06-30. The firm’s total holdings are worth over $0.31 million and represent 2.1691% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund . As of Sep 30, 2024 , the former fund manager holds about 1.12% shares in the company for having 117.98 shares of worth $0.21 million while later fund manager owns 106.86 shares of worth $0.19 million as of Sep 30, 2024 , which makes it owner of about 1.02% of company’s outstanding stock.
