Veritec (VRTC) Stock Price, News & Analysis

Company Overview

Veritec, Inc., together with its subsidiaries, engages in the development, sale, and licensing of products and providing services related to its mobile banking solutions in the United States. The company offers Mobile Toggle Card-Visa prepaid card program, a debit based, pre-paid, and gift card solution to debit card issuers and sponsoring organizations; and blinx ON-OFF debit card-Visa prepaid card programs. It also provides custom branded debit card program that enables card issuers and sponsors to issue debit, pre-paid, and gift cards under its branded programs through the licensed use of the mobile banking platform, as well as related professional services. In addition, the company offers blinxPay mobile wallet application, a payment processing system that enables customers to make purchases at participating merchants using funds loaded into their blinxPay virtual account. Further, it offers mobile banking solution that enables member card programs to process and settle member rewards in open or closed loop processing environment, as well as back-end card processing services to the card issuing institutions for various cardholder transactions on the licensed platform. The company was incorporated in 1982 and is headquartered in Golden Valley, Minnesota.

Key Stats

• Today's Range: $0.02 to $0.02
• 50-Day Range: $0.02 to $0.04
• 52-Week Range: $0.01 to $0.06
• Volume: N/A
• Average Volume: 342 shs
• Market Capitalization: $928,957.88
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

Veritec Stock Analysis - MarketRank™

Veritec scored higher than 7% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Veritec.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Veritec is -0.58, 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 Veritec is -0.58, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.00% of the outstanding shares of Veritec have been sold short.

Short Interest Ratio / Days to Cover

Veritec has a short interest ratio ("days to cover") of 0.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Veritec does not currently pay a dividend.

Dividend Growth

Veritec does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.00% of the outstanding shares of Veritec have been sold short.

Short Interest Ratio / Days to Cover

Veritec has a short interest ratio ("days to cover") of 0.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

News and Social Media

• Score: 1.3 / 5
• News Sentiment: 0.42

News Sentiment

Veritec has a news sentiment score of 0.42. 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 Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Veritec this week, compared to 3 articles on an average week.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Veritec insiders have not sold or bought any company stock.

Percentage Held by Insiders

51.80% of the stock of Veritec is held by insiders. A high percentage of insider ownership can be a sign of company health.

VRTC Stock Analysis - Frequently Asked Questions

How have VRTC shares performed this year?

Veritec's stock was trading at $0.06 at the beginning of 2024. Since then, VRTC stock has decreased by 61.2% and is now trading at $0.0233.
View the best growth stocks for 2024 here.

How do I buy shares of Veritec?

Shares of VRTC 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.

What other stocks do shareholders of Veritec own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Veritec investors own include Weyerhaeuser (WY), Caterpillar (CAT), Ctrip.Com International (CTRP), Deere & Company (DE), Honda Motor (HMC) and Simon Property Group (SPG).

Company Calendar

• Today: 9/20/2024
• Fiscal Year End: 6/30/2025

Industry, Sector and Symbol

• Stock Exchange: OTCMKTS
• Sector: Computer and Technology
• Industry: Management services
• Sub-Industry: Business Services
• Current Symbol: OTCMKTS:VRTC
• CUSIP: 923437305
• CIK: 773318
• Web: www.veritecinc.com
• Phone: (763) 253-2670
• Fax: 763-253-0503
• Employees: 7
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): ($0.04)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-1,230,000.00
• Net Margins: -318.79%
• Pretax Margin: -318.78%
• Return on Equity: N/A
• Return on Assets: -1,109.61%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.02
• Quick Ratio: 0.02

Sales & Book Value

• Annual Sales: $360,000.00
• Price / Sales: 2.58
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: N/A
• Price / Book: N/A

Miscellaneous

• Outstanding Shares: 39,938,000
• Free Float: 19,250,000
• Market Cap: $928,957.88
• Optionable: Not Optionable
• Beta: -29.34