Verb Technology (NASDAQ:VERB) Shares Up 14.4% - Here's What Happened

Verb Technology Company, Inc. (NASDAQ:VERB - Get Free Report)'s stock price shot up 14.4% during mid-day trading on Thursday . The company traded as high as $11.53 and last traded at $11.27. 274,918 shares traded hands during trading, a decline of 24% from the average session volume of 362,331 shares. The stock had previously closed at $9.85.

Analyst Upgrades and Downgrades

Separately, Ascendiant Capital Markets lowered their price target on Verb Technology from $4.50 to $4.00 and set a "buy" rating on the stock in a report on Tuesday, September 3rd.

Verb Technology Stock Performance

The company has a current ratio of 4.52, a quick ratio of 4.52 and a debt-to-equity ratio of 0.01. The business has a fifty day moving average price of $1.10 and a 200-day moving average price of $0.48.

Verb Technology (NASDAQ:VERB - Get Free Report) last posted its quarterly earnings data on Wednesday, August 14th. The company reported ($0.02) EPS for the quarter, beating analysts' consensus estimates of ($0.03) by $0.01. The company had revenue of $0.04 million during the quarter. Verb Technology had a negative return on equity of 165.56% and a negative net margin of 11,568.63%. On average, research analysts predict that Verb Technology Company, Inc. will post -20 earnings per share for the current fiscal year.

About Verb Technology

Verb Technology Company, Inc, through its subsidiaries, develops Software-as-a-Service applications platform. It offers MARKET.live, a livestream social shopping platform, that allows brands, retailers, and creators to broadcast shopping events on various social media channels, as well as services that range from production of livestream events to host and event consulting, and drop ship and creator programs.

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