In last trading session, VerifyMe Inc (NASDAQ:VRME) saw 0.68 million shares changing hands with its beta currently measuring 0.54. Company’s recent per share price level of $1.44 trading at $0.03 or 2.13% at ring of the bell on the day assigns it a market valuation of $15.70M. That closing price of VRME’s stock is at a discount of -247.22% from its 52-week high price of $5.00 and is indicating a premium of 59.72% 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 2.93 million shares which gives us an average trading volume of 6.53 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. The company is expected to be making an EPS of -0.04 in the current quarter.
VerifyMe Inc (NASDAQ:VRME) trade information
Upright in the green during last session for gaining 2.13%, in the last five days VRME remained trading in the red while hitting it’s week-highest on Monday, 01/27/25 when the stock touched $1.44 price level, adding 30.43% to its value on the day. VerifyMe Inc’s shares saw a change of 5.88% in year-to-date performance and have moved -19.55% in past 5-day. VerifyMe Inc (NASDAQ:VRME) showed a performance of 82.30% 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 rise of 4.0% 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 drop -4.17% in reaching the projected high whereas dropping to the targeted low would mean a loss of -4.17% 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 33.33% of value to its shares in past 6 months, showing an annual growth rate of 57.14% while that of industry is 14.10. Apart from that, the company came raising its revenue forecast for fiscal year 2025. This year revenue growth is estimated to fall -2.28% from the last financial year’s standing.
2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 8.21M for the same. And 2 analysts are in estimates of company making revenue of 5.79M in the next quarter. Company posted 8.71M and 5.76M of sales in current and next quarters respectively a year earlier.
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. In 2025, company’s earnings growth rate is likely to be around 22.00% while estimates for its earnings growth in next 5 years are of 12.06%.
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.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024 , the former fund manager was holding 117.98 shares of worth $0.17 million or 1.08% of the total outstanding shares. The later fund manager was in possession of 106.86 shares on Sep 30, 2024 , making its stake of worth around $0.15 million in the company or a holder of 0.98% of company’s stock.