In the past week, VRME stock has gone down by -38.30%, with a monthly decline of -53.61% and a quarterly plunge of -54.30%. The volatility ratio for the week is 16.18%, and the volatility levels for the last 30 days are 11.73% for VerifyMe Inc The simple moving average for the past 20 days is -43.19% for VRME’s stock, with a -54.61% simple moving average for the past 200 days.
Is It Worth Investing in VerifyMe Inc (NASDAQ: VRME) Right Now?
The stock has a 36-month beta value of 0.66. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 2 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for VRME is 8.18M, and at present, short sellers hold a 0.12% of that float. On November 25, 2024, the average trading volume of VRME was 24.77K shares.
VRME) stock’s latest price update
The stock price of VerifyMe Inc (NASDAQ: VRME) has dropped by -11.86 compared to previous close of 0.70. Despite this, the company has seen a fall of -38.30% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-12 that VerifyMe, Inc. (NASDAQ:VRME ) Q3 2024 Earnings Conference Call November 12, 2024 11:00 AM ET Company Participants Nancy Meyers – CFO Adam Stedham – CEO Conference Call Participants Michael Petusky – Barrington Research Jack Vander Aarde – Maxim Group Operator Hello, and welcome to the VerifyMe Third Quarter 2024 Financial Results Conference Call. All participants will be in listen-only mode.
VRME Trading at -50.46% from the 50-Day Moving Average
After a stumble in the market that brought VRME to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -74.82% of loss for the given period.
Volatility was left at 11.73%, however, over the last 30 days, the volatility rate increased by 16.18%, as shares sank -54.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -53.61% lower at present.
During the last 5 trading sessions, VRME fell by -38.30%, which changed the moving average for the period of 200-days by -43.39% in comparison to the 20-day moving average, which settled at $1.0860. In addition, VerifyMe Inc saw -44.91% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at VRME starting from Stedham Adam H, who purchase 2,000 shares at the price of $0.95 back on Nov 13 ’24. After this action, Stedham Adam H now owns 210,004 shares of VerifyMe Inc, valued at $1,900 using the latest closing price.
LAFFER ARTHUR B, the Director of VerifyMe Inc, purchase 7,395 shares at $1.36 during a trade that took place back on Mar 25 ’24, which means that LAFFER ARTHUR B is holding 279,911 shares at $10,035 based on the most recent closing price.
Stock Fundamentals for VRME
Current profitability levels for the company are sitting at:
- -0.07 for the present operating margin
- 0.35 for the gross margin
The net margin for VerifyMe Inc stands at -0.13. The total capital return value is set at -0.14. Equity return is now at value -29.95, with -19.75 for asset returns.
Based on VerifyMe Inc (VRME), the company’s capital structure generated 0.17 points at debt to capital in total, while cash flow to debt ratio is standing at 0.55. The debt to equity ratio resting at 0.2. The interest coverage ratio of the stock is -15.89.
Currently, EBITDA for the company is -1.79 million with net debt to EBITDA at 0.08. When we switch over and look at the enterprise to sales, we see a ratio of 0.25. The receivables turnover for the company is 12.72for trailing twelve months and the total asset turnover is 1.7. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.74.
Conclusion
To sum up, VerifyMe Inc (VRME) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
