VerifyMe Inc (NASDAQ: VRME) is 135.29% higher on its value in year-to-date trading and has touched a low of $0.58 and a high of $4.96 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The VRME stock was last observed hovering at around $4.13 in the last trading session, with the day’s loss setting it -0.93%.
Currently trading at $3.20, the stock is 141.50% and 200.98% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 20.88 million and changing -22.52% at the moment leaves the stock 140.28% off its SMA200. VRME registered 183.19% gain for a year compared to 6-month loss of 148.06%. The firm has a 50-day simple moving average (SMA 50) of $1.024 and a 200-day simple moving average (SMA200) of $1.32298.
The stock witnessed a 397.13% gain in the last 1 month and extending the period to 3 months gives it a 137.04%, and is 100.00% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 69.58% over the week and 32.52% over the month.
VerifyMe Inc (VRME) has around 50 employees, a market worth around $33.60M and $25.26M in sales. Profit margin for the company is -13.15%. Distance from 52-week low is 453.25% and -35.48% from its 52-week high. The company has generated returns on investments over the last 12 months (-27.53%).
with sales reaching $8.21M over the same period.The EPS is expected to grow by 22.00% this year, but quarterly earnings will post -2.28% year-over-year. Quarterly sales are estimated to shrink -5.74% in year-over-year returns.
VerifyMe Inc (VRME) Top Institutional Holders
21.0 institutions hold shares in VerifyMe Inc (VRME), with institutional investors hold 12.95% of the company’s shares. The shares outstanding are 10.44M, and float is at 8.11M with Short Float at 0.10%. Institutions hold 10.34% of the Float.
The top institutional shareholder in the company is HIGHTOWER ADVISORS, LLC with over 0.3 million shares valued at $0.43 million. The investor’s holdings represent 3.0191% of the VRME Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 0.22 million shares valued at $0.31 million to account for 2.1691 of the shares outstanding. The other top investors are SFE INVESTMENT COUNSEL which holds 100000.0 shares representing 0.9927% and valued at over $0.14 million, while LPL FINANCIAL LLC holds 0.9684 of the shares totaling 97556.0 with a market value of $0.14 million.
VerifyMe Inc (VRME) Insider Activity
The most recent transaction is an insider purchase by Stedham Adam H, the company’s CEO and President. SEC filings show that Stedham Adam H bought 22,000 shares of the company’s common stock on Dec 30 ’24 at a price of $0.71 per share for a total of $15620.0. Following the purchase, the insider now owns 0.27 million shares.
VerifyMe Inc disclosed in a document filed with the SEC on Dec 17 ’24 that Stedham Adam H (CEO and President) bought a total of 10,000 shares of the company’s common stock. The trade occurred on Dec 17 ’24 and was made at $0.59 per share for $5900.0. Following the transaction, the insider now directly holds 0.25 million shares of the VRME stock.
Still, SEC filings show that on Dec 16 ’24, Stedham Adam H (CEO and President) acquired 6,000 shares at an average price of $0.61 for $3660.0. The insider now directly holds 235,004 shares of VerifyMe Inc (VRME).
