NASDAQ:VRME

VerifyMe (VRME) Stock Forecast, Price & News

$1.43

+0.10 (+7.52%)

(As of 05/31/2023 ET)

Compare

Today's Range: $1.35
▼
$1.44
50-Day Range: $1.33
▼
$2.27
52-Week Range: $1.01
▼
$2.81

Volume: 33,798 shs
Average Volume: 33,770 shs
Market Capitalization: $13.43 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $4.50

VerifyMe MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 214.7% Upside
$4.50 Price Target
Short Interest: Healthy
0.18% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.60
Based on 6 Articles This Week
Insider Trading: Acquiring Shares
$15,446 Bought Last Quarter
Proj. Earnings Growth: Growing
From ($0.17) to ($0.09) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.42 out of 5 stars

Business Services Sector

82nd out of 347 stocks

Computer Integrated Systems Design Industry

10th out of 40 stocks

3.5

Analyst's Opinion

Consensus Rating
VerifyMe has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $4.50, VerifyMe has a forecasted upside of 214.7% from its current price of $1.43.
Amount of Analyst Coverage
VerifyMe has only been the subject of 1 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
0.18% of the outstanding shares of VerifyMe have been sold short.
Short Interest Ratio / Days to Cover
VerifyMe has a short interest ratio ("days to cover") of 0.6, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in VerifyMe has recently decreased by 20.28%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
VerifyMe does not currently pay a dividend.
Dividend Growth
VerifyMe does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for VRME.

2.6

News and Social Media Coverage

News Sentiment
VerifyMe has a news sentiment score of 0.60. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Business Services companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for VerifyMe this week, compared to 1 article on an average week.
Search Interest
Only 6 people have searched for VRME on MarketBeat in the last 30 days. This is a decrease of -25% compared to the previous 30 days.
MarketBeat Follows
1 people have added VerifyMe to their MarketBeat watchlist in the last 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, VerifyMe insiders have bought more of their company's stock than they have sold. Specifically, they have bought $15,446.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
16.90% of the stock of VerifyMe is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 5.71% of the stock of VerifyMe is held by institutions.

0.6

Earnings and Valuation

Earnings Growth
Earnings for VerifyMe are expected to grow in the coming year, from ($0.17) to ($0.09) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of VerifyMe is -0.82, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of VerifyMe is -0.82, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
VerifyMe has a P/B Ratio of 1.04. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About VerifyMe (NASDAQ:VRME) Stock

VerifyMe, Inc. engages in the provision of software driven predictive analytics logistics. It operates under the PeriShip Global Solutions and VerifyMe Solutions segments. The PeriShip Global Solutions segment offers a value-added service provider for time and temperature sensitive parcel management. The VerifyMe Solutions segment specializes in solutions that connect brands with consumers through their products. The company was founded by Norman A. Gardner on November 10, 1999 and is headquartered in Lake Mary, FL.

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VRME Stock News Headlines

May 31, 2023 | markets.businessinsider.com

VerifyMe Names Adam Stedham New CEO

May 31, 2023 | finance.yahoo.com

VerifyMe Appoints new Chief Executive Officer

June 1, 2023 | Behind the Markets (Ad)

The single greatest medical breakthrough of all time?

We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.

May 30, 2023 | americanbankingnews.com

VerifyMe, Inc. (NASDAQ:VRME) Sees Large Decline in Short Interest

May 29, 2023 | finance.yahoo.com

Here is What to Know Beyond Why VerifyMe, Inc. (VRME) is a Trending Stock

May 26, 2023 | msn.com

VerifyMe, Inc. (VRME) Is a Trending Stock: Facts to Know Before Betting on It

May 16, 2023 | markets.businessinsider.com

VerifyMe (VRME) Receives a Buy from Maxim Group

May 15, 2023 | msn.com

Investors Heavily Search VerifyMe, Inc. (VRME): Here is What You Need to Know

June 1, 2023 | Behind the Markets (Ad)

The single greatest medical breakthrough of all time?

May 12, 2023 | msn.com

Barrington Research Reiterates VerifyMe (VRME) Outperform Recommendation

May 11, 2023 | finanznachrichten.de

VerifyMe, Inc.: VerifyMe Reports First Quarter 2023 Financial Results

May 11, 2023 | finance.yahoo.com

VerifyMe, Inc. (VRME) Reports Q1 Loss, Lags Revenue Estimates

May 11, 2023 | finance.yahoo.com

VerifyMe Reports First Quarter 2023 Financial Results

May 11, 2023 | americanbankingnews.com

Analyzing Arbe Robotics (NASDAQ:ARBE) & VerifyMe (NASDAQ:VRME)

May 10, 2023 | markets.businessinsider.com

Here's what to expect from VerifyMe's earnings report

May 10, 2023 | finance.yahoo.com

VerifyMe (VRME) to Post Q1 Earnings: What's in Store?

May 4, 2023 | finance.yahoo.com

VerifyMe to Report First Quarter 2023 Financial Results on May 11, 2023

April 26, 2023 | finance.yahoo.com

VerifyMe Announces Participation in Aegis Virtual Conference

April 23, 2023 | americanbankingnews.com

Head to Head Review: VerifyMe (NASDAQ:VRME) vs. Healthcare Triangle (NASDAQ:HCTI)

April 15, 2023 | americanbankingnews.com

Analyzing Grown Rogue International (OTCMKTS:GRUSF) & VerifyMe (NASDAQ:VRME)

April 12, 2023 | msn.com

VerifyMe, Inc. (VRME) Flat As Market Gains: What You Should Know

April 1, 2023 | americanbankingnews.com

VerifyMe, Inc. to Post Q1 2023 Earnings of ($0.04) Per Share, Barrington Research Forecasts (NASDAQ:VRME)

March 31, 2023 | americanbankingnews.com

VerifyMe, Inc. (NASDAQ:VRME) Forecasted to Earn FY2023 Earnings of ($0.06) Per Share

March 31, 2023 | americanbankingnews.com

VerifyMe (NASDAQ:VRME) Stock Rating Reaffirmed by Barrington Research

March 30, 2023 | insidermonkey.com

VerifyMe, Inc. (NASDAQ:VRME) Q4 2022 Earnings Call Transcript

March 29, 2023 | americanbankingnews.com

VerifyMe, Inc. (NASDAQ:VRME) Sees Significant Decline in Short Interest

March 28, 2023 | finance.yahoo.com

VerifyMe Reports Positive Net Income in Fourth Quarter 2022 Financial Results

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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VRME Company Calendar

Last Earnings: 3/28/2023
Today: 5/31/2023
Next Earnings (Estimated): 8/21/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Computer integrated systems design
Sub-Industry: N/A
Sector: Business Services
Current Symbol: NASDAQ:VRME
CUSIP: N/A
CIK: 1104038
Web: www.verifyme.com
Phone: (585) 736-9400
Fax: N/A
Employees: 7
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $4.50
High Stock Price Forecast: $7.00
Low Stock Price Forecast: $2.00
Forecasted Upside/Downside: +214.7%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.75)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-14,400,000.00
Net Margins: -58.16%
Pretax Margin: -58.16%
Return on Equity: -21.10%
Return on Assets: -14.87%

Debt

Debt-to-Equity Ratio: 0.10
Current Ratio: 1.55
Quick Ratio: 1.54

Sales & Book Value

Annual Sales: $25.08 million
Price / Sales: 0.54
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $1.38 per share
Price / Book: 1.04

Miscellaneous

Outstanding Shares: 9,392,000
Free Float: 7,805,000
Market Cap: $13.43 million
Optionable: Not Optionable
Beta: 1.23

Key Executives

Scott Neil Greenberg
Executive Chairman & Chief Executive Officer

Keith Goldstein
President & Chief Operating Officer

Margaret Gezerlis
Chief Financial Officer & Executive Vice President

Sandy Fliderman
Chief Technology Officer

Paul Vitali
VP-Business Development (EMEA Division)

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

VRME Stock - Frequently Asked Questions

Should I buy or sell VerifyMe stock right now?: 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for VerifyMe in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" VRME shares.
View VRME analyst ratings or view top-rated stocks.
What is VerifyMe's stock price forecast for 2023?: 2 brokerages have issued 12 month target prices for VerifyMe's stock. Their VRME share price forecasts range from $2.00 to $7.00. On average, they predict the company's share price to reach $4.50 in the next year. This suggests a possible upside of 214.7% from the stock's current price.
View analysts price targets for VRME or view top-rated stocks among Wall Street analysts.
How have VRME shares performed in 2023?: VerifyMe's stock was trading at $1.16 on January 1st, 2023. Since then, VRME stock has increased by 23.3% and is now trading at $1.43.
View the best growth stocks for 2023 here.
Are investors shorting VerifyMe?: VerifyMe saw a decline in short interest during the month of May. As of May 15th, there was short interest totaling 16,900 shares, a decline of 20.3% from the April 30th total of 21,200 shares. Based on an average trading volume of 30,700 shares, the short-interest ratio is presently 0.6 days.
View VerifyMe's Short Interest.
When is VerifyMe's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, August 21st 2023.
View our VRME earnings forecast.
How were VerifyMe's earnings last quarter?: VerifyMe, Inc. (NASDAQ:VRME) announced its earnings results on Tuesday, March, 28th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.05. The business had revenue of $9.70 million for the quarter, compared to analysts' expectations of $7 million. VerifyMe had a negative trailing twelve-month return on equity of 21.10% and a negative net margin of 58.16%.

What is VerifyMe's stock symbol?: VerifyMe trades on the NASDAQ under the ticker symbol "VRME."
Who are VerifyMe's major shareholders?: VerifyMe's stock is owned by a variety of retail and institutional investors. Top institutional investors include MML Investors Services LLC (2.13%) and HighTower Advisors LLC (0.95%). Insiders that own company stock include Adam H Stedham, Howard Goldberg and Marshall S Geller.
View institutional ownership trends.
How do I buy shares of VerifyMe?: Shares of VRME stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is VerifyMe's stock price today?: One share of VRME stock can currently be purchased for approximately $1.43.
How much money does VerifyMe make?: VerifyMe (NASDAQ:VRME) has a market capitalization of $13.43 million and generates $25.08 million in revenue each year. The company earns $-14,400,000.00 in net income (profit) each year or ($1.75) on an earnings per share basis.
How can I contact VerifyMe?: VerifyMe's mailing address is 75 S. CLINTON AVE. SUITE 510, ROCHESTER NY, 14604. The official website for the company is www.verifyme.com. The company can be reached via phone at (585) 736-9400 or via email at ir@verifyme.com.

This page (NASDAQ:VRME) was last updated on 6/1/2023 by MarketBeat.com Staff

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