Verb Technology (NASDAQ:VERB) Shares Up 5% - Here's What Happened

Verb Technology Company, Inc. (NASDAQ:VERB - Get Free Report)'s share price shot up 5% during mid-day trading on Wednesday . The company traded as high as $11.49 and last traded at $11.12. 74,939 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 358,236 shares. The stock had previously closed at $10.59.

Wall Street Analysts Forecast Growth

Separately, Ascendiant Capital Markets reduced their price objective on shares of Verb Technology from $900.00 to $800.00 and set a "buy" rating for the company in a research note on Tuesday, September 3rd.

Verb Technology Trading Up 3.5 %

The stock has a 50-day moving average of $11.91 and a 200-day moving average of $21.26. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.52 and a quick ratio of 4.52.

Verb Technology (NASDAQ:VERB - Get Free Report) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($4.00) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($6.00) by $2.00. The firm 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, analysts predict that Verb Technology Company, Inc. will post -20 EPS for the current year.

Verb Technology Company Profile

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.