VerifyMe (VRME) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $0.98 to $1.05
• 50-Day Range: $0.96 to $1.44
• 52-Week Range: $0.90 to $2.45
• Volume: 14,664 shs
• Average Volume: 27,638 shs
• Market Capitalization: $10.50 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $1.50
• Consensus Rating: Buy

VerifyMe Stock Analysis - MarketRank™

VerifyMe scored higher than 49% of companies evaluated by MarketBeat, and ranked 197th out of 338 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

VerifyMe has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, 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.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: Decreasing

Earnings Growth

Earnings for VerifyMe are expected to decrease in the coming year, from ($0.15) to ($0.17) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of VerifyMe is -3.23, 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 -3.23, 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 1.02. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

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

Percentage of Shares Shorted

0.09% 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 0.5, 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 216.13%, indicating that investor sentiment is decreasing significantly.

Dividend

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

Dividend Yield

VerifyMe does not currently pay a dividend.

Dividend Growth

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

Sustainability and ESG

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

Percentage of Shares Shorted

0.09% 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 0.5, 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 216.13%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.6 / 5
• News Sentiment: 0.69

News Sentiment

VerifyMe has a news sentiment score of 0.69. 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 17 news articles for VerifyMe this week, compared to 1 article on an average week.

Search Interest

1 people have searched for VRME on MarketBeat in the last 30 days.

Company Ownership

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

Insider Buying vs. Insider Selling

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

Percentage Held by Insiders

24.10% 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.

VRME Stock Analysis - Frequently Asked Questions

How have VRME shares performed this year?

VerifyMe's stock was trading at $1.12 at the beginning of 2024. Since then, VRME stock has decreased by 10.7% and is now trading at $1.00.
View the best growth stocks for 2024 here.

How were VerifyMe's earnings last quarter?

VerifyMe, Inc. (NASDAQ:VRME) released its quarterly earnings results on Tuesday, August, 13th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.03. The business had revenue of $5.35 million for the quarter, compared to the consensus estimate of $5.71 million. VerifyMe had a negative trailing twelve-month return on equity of 11.15% and a negative net margin of 13.15%.

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.

What other stocks do shareholders of VerifyMe own?

Based on aggregate information from My MarketBeat watchlists, some other companies that VerifyMe investors own include QUALCOMM (QCOM), Hydrofarm Holdings Group (HYFM), PayPal (PYPL), Enphase Energy (ENPH), Moderna (MRNA), Tesla (TSLA) and Avino Silver & Gold Mines (ASM).

Company Calendar

• Last Earnings: 8/13/2024
• Today: 11/17/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 3/20/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Business Services
• Industry: Computer integrated systems design
• Sub-Industry: Computer Software
• Current Symbol: NASDAQ:VRME
• CUSIP: N/A
• CIK: 1104038
• Web: www.verifyme.com
• Phone: (585) 736-9400
• Fax: N/A
• Employees: 8
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $1.50
• High Stock Price Target: $1.50
• Low Stock Price Target: $1.50
• Potential Upside/Downside: +50.0%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.31)
• 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: -13.15%
• Pretax Margin: -13.15%
• Return on Equity: -11.15%
• Return on Assets: -7.46%

Debt

• Debt-to-Equity Ratio: 0.16
• Current Ratio: 1.74
• Quick Ratio: 1.73

Sales & Book Value

• Annual Sales: $25.31 million
• Price / Sales: 0.41
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $0.98 per share
• Price / Book: 1.02

Miscellaneous

• Outstanding Shares: 10,500,000
• Free Float: 7,970,000
• Market Cap: $10.50 million
• Optionable: Not Optionable
• Beta: 0.67