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 year. 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 target for 2024?

2 equities research analysts have issued 1 year price targets for VerifyMe's shares. Their VRME share price targets range from $1.70 to $4.00. On average, they anticipate the company's stock price to reach $2.85 in the next year. This suggests a possible upside of 79.5% 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 2024?

VerifyMe's stock was trading at $1.12 on January 1st, 2024. Since then, VRME shares have increased by 41.8% and is now trading at $1.5880. View the best growth stocks for 2024 here .

Are investors shorting VerifyMe?

VerifyMe saw a increase in short interest in March. As of March 31st, there was short interest totaling 48,900 shares, an increase of 69.8% from the March 15th total of 28,800 shares. Based on an average daily trading volume, of 32,600 shares, the days-to-cover ratio is currently 1.5 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 Thursday, May 9th 2024. View our VRME earnings forecast .

How were VerifyMe's earnings last quarter?

VerifyMe, Inc. (NASDAQ:VRME) posted its earnings results on Thursday, March, 21st. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by $0.02. The business earned $8.71 million during the quarter, compared to analyst estimates of $9.50 million. VerifyMe had a negative net margin of 13.39% and a negative trailing twelve-month return on equity of 20.35%.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:VRME

VerifyMe (VRME) Stock Price, News & Analysis

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$1.59

0.00 (0.00%)

(As of 04/18/2024 ET)

Compare

Today's Range: $1.56
▼
$1.59
50-Day Range: $1.11
▼
$1.65
52-Week Range: $0.85
▼
$2.27

Volume: 3,620 shs
Average Volume: 31,998 shs
Market Capitalization: $16.12 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $2.85

Get VerifyMe alerts:

VerifyMe MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 79.5% Upside
$2.85 Price Target
Short Interest: Healthy
0.48% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Acquiring Shares
$10,057 Bought Last Quarter
Proj. Earnings Growth: Growing
From ($0.12) to ($0.06) Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.83 out of 5 stars

Business Services Sector

147th out of 299 stocks

Computer Integrated Systems Design Industry

11th out of 34 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.
Amount of Analyst Coverage
VerifyMe has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
0.48% 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 1.5, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in VerifyMe has recently increased by 69.79%, indicating that investor sentiment is decreasing 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.

3.3

News and Social Media Coverage

News Sentiment
VerifyMe has a news sentiment score of 0.99. 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 is a higher news sentiment than the 0.52 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 1 news article for VerifyMe this week, compared to 1 article on an average week.
Search Interest
3 people have searched for VRME on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.
MarketBeat Follows
3 people have added VerifyMe to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 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 $10,057.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
18.10% 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 8.79% 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 ($0.12) to ($0.06) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of VerifyMe is -4.54, 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 -4.54, 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 1.27. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About VerifyMe Stock (NASDAQ:VRME)

VerifyMe, Inc., together with its subsidiary, PeriShip Global, LLC, operates as a technology solutions provider that specializes in products to connect brands with consumers and providing brands with end-to-end logistics management for their products. The company operates through two segments, VerifyMe Solutions and PeriShip Global Solutions. The VerifyMe Solutions segment offers technology solutions to connect brands with consumers allowing brand owners to gather business intelligence while engaging directly with their consumers. Its solutions provide brand protection and supply chain functions, such as counterfeit prevention, traceability, consumer engagement solutions, and authentication for labels, packaging, and products, as well as tamper-proof labels. The PeriShip Global Solutions segment offers predictive analytics for optimizing delivery of time and temperature sensitive perishable products. This segment's products include PeriTrack customer dashboard, an integrated web portal tool gives its customers an in-depth look at their shipping activities based on real-time data. It also provides call center, pre-transit, post-delivery, and weather/traffic services. The company has a strategic partnership with INX International Ink Company. The company was formerly known as LaserLock Technologies, Inc. and changed its name to VerifyMe, Inc. in July 2015. VerifyMe, Inc. was incorporated in 1999 and is headquartered in Lake Mary, Florida.

VRME Stock Price History

30 days | 90 days | 365 days | Advanced Chart

VRME Stock News Headlines

March 27, 2024 | insidertrades.com

VerifyMe, Inc. (NASDAQ:VRME) Director Acquires $10,057.20 in Stock

April 12, 2024 | investorplace.com

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April 19, 2024 | DTI (Ad)

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April 12, 2024 | americanbankingnews.com

VerifyMe, Inc. (NASDAQ:VRME) Short Interest Up 69.8% in March

March 28, 2024 | investing.com

VerifyMe director Arthur Laffer buys $15,100 in company stock

March 26, 2024 | investorplace.com

Double Down: 7 Beaten-Down Growth Stocks to Buy Hand Over Fist

March 23, 2024 | markets.businessinsider.com

Buy Rating Affirmed: VerifyMe’s Strong Financials and High Growth Potential

March 22, 2024 | markets.businessinsider.com

Buy Rating Affirmed for VerifyMe Amid Solid Financial Outlook and Strategic Growth Initiatives

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March 22, 2024 | msn.com

VerifyMe, Inc. (NASDAQ:VRME) Q4 2023 Earnings Call Transcript

March 21, 2024 | finance.yahoo.com

VerifyMe Reports Full Year and Fourth Quarter 2023 Financial Results

March 20, 2024 | benzinga.com

VerifyMe Earnings Preview

March 20, 2024 | finance.yahoo.com

Manuka Health Limited leverages VerifyMe QR codes to participate in Amazon Transparency

March 18, 2024 | prnewswire.com

VerifyMe to Report Fourth Quarter 2023 Financial Results on March 21, 2024

March 6, 2024 | investorplace.com

Penny Powerhouses: 3 Stocks on the Brink of a Windfall

February 23, 2024 | benzinga.com

VerifyMe Stock (NASDAQ:VRME) Dividends: History, Yield and Dates

February 20, 2024 | markets.businessinsider.com

Quad/Graphics Q4 Earnings Summary

February 13, 2024 | markets.businessinsider.com

Buy Rating on VerifyMe: Anticipating Robust Growth and Strategic Expansion

February 7, 2024 | msn.com

AI All-Stars: 3 Top-Notch Stocks to Own for 2024 and Beyond

February 7, 2024 | msn.com

VerifyMe Investor Call Reveals Strategy and Progress

February 5, 2024 | msn.com

Maris-Tech receives order for approximately $190K from defense industry

January 11, 2024 | finance.yahoo.com

VerifyMe to Host Investor Day on February 6, 2024

December 29, 2023 | msn.com

$1M Bet On This Healthcare Stock? Check Out These 3 Penny Stocks Insiders Are Aggressively Buying

December 27, 2023 | msn.com

GeoVax Labs And 2 Other Stocks Under $2 Insiders Are Buying

December 8, 2023 | msn.com

VerifyMe oks share buyback plan and changes to its compensation program

December 8, 2023 | finance.yahoo.com

VerifyMe announces Share Repurchase Plan and Changes to Board Compensation Program

November 11, 2023 | markets.businessinsider.com

Maxim Group Analyst Assigns Buy Rating to VerifyMe; Forecasts Strong Organic Growth and No Need for Additional Capital

See More Headlines

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Company Calendar

Last Earnings: 3/21/2024
Today: 4/18/2024
Next Earnings (Estimated): 5/09/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Business Services
Industry: Computer integrated systems design
Sub-Industry: N/A
Current Symbol: NASDAQ:VRME
CUSIP: N/A
CIK: 1104038
Web: www.verifyme.com
Phone: (585) 736-9400
Fax: N/A
Employees: 50
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $2.85
High Stock Price Target: $4.00
Low Stock Price Target: $1.70
Potential Upside/Downside: +79.5%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.35)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-3,390,000.00
Net Margins: -13.39%
Pretax Margin: -13.39%
Return on Equity: -20.35%
Return on Assets: -13.09%

Debt

Debt-to-Equity Ratio: 0.16
Current Ratio: 1.50
Quick Ratio: 1.49

Sales & Book Value

Annual Sales: $25.31 million
Price / Sales: 0.64
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $1.25 per share
Price / Book: 1.27

Miscellaneous

Outstanding Shares: 10,150,000
Free Float: 8,309,000
Market Cap: $16.12 million
Optionable: Not Optionable
Beta: 1.08

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Key Executives

Mr. Adam H. Stedham (Age 55)
President, CEO & Director
Mr. Curt Kole (Age 70)
Executive Vice President
Comp: $159.23k
Ms. Nancy L. Meyers CPA (Age 54)
CGA, Executive VP, CFO, Treasurer & Corporate Secretary
Mr. Paul Ryan
Executive Vice President of Authentication Segment

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

VRME Stock Analysis - 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 year. 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 target for 2024?: 2 equities research analysts have issued 1 year price targets for VerifyMe's shares. Their VRME share price targets range from $1.70 to $4.00. On average, they anticipate the company's stock price to reach $2.85 in the next year. This suggests a possible upside of 79.5% 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 2024?: VerifyMe's stock was trading at $1.12 on January 1st, 2024. Since then, VRME shares have increased by 41.8% and is now trading at $1.5880.
View the best growth stocks for 2024 here.
Are investors shorting VerifyMe?: VerifyMe saw a increase in short interest in March. As of March 31st, there was short interest totaling 48,900 shares, an increase of 69.8% from the March 15th total of 28,800 shares. Based on an average daily trading volume, of 32,600 shares, the days-to-cover ratio is currently 1.5 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 Thursday, May 9th 2024.
View our VRME earnings forecast.
How were VerifyMe's earnings last quarter?: VerifyMe, Inc. (NASDAQ:VRME) posted its earnings results on Thursday, March, 21st. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by $0.02. The business earned $8.71 million during the quarter, compared to analyst estimates of $9.50 million. VerifyMe had a negative net margin of 13.39% and a negative trailing twelve-month return on equity of 20.35%.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:VRME) was last updated on 4/19/2024 by MarketBeat.com Staff

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