VerifyMe Inc (NASDAQ: VRME)’s stock price has gone decline by -22.23 in comparison to its previous close of 0.78, however, the company has experienced a -1.62% decrease in its stock price over the last five trading days. prnewswire.com reported 2024-11-26 that LAKE MARY, Fla., Nov. 26, 2024 /PRNewswire/ — VerifyMe, Inc. (NASDAQ: VRME) (“VerifyMe,” “we,” “our,” or the “Company”) provides brand owners time and temperature sensitive logistics, authentication, anti-counterfeiting, and brand enhancement services, announced today that the Company’s board of directors (the “Board”) approved an extension of its share repurchase plan.
Is It Worth Investing in VerifyMe Inc (NASDAQ: VRME) Right Now?
Moreover, the 36-month beta value for VRME is 0.63. Analysts have varying opinions on the stock, with 0 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 currently, short sellers hold a 0.10% of that float. On December 03, 2024, VRME’s average trading volume was 36.02K shares.
VRME’s Market Performance
VRME’s stock has seen a -1.62% decrease for the week, with a -53.66% drop in the past month and a -55.53% fall in the past quarter. The volatility ratio for the week is 20.90%, and the volatility levels for the past 30 days are at 14.14% for VerifyMe Inc The simple moving average for the past 20 days is -36.06% for VRME’s stock, with a -55.00% simple moving average for the past 200 days.
VRME Trading at -48.69% 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 -75.22% of loss for the given period.
Volatility was left at 14.14%, however, over the last 30 days, the volatility rate increased by 20.90%, as shares sank -53.82% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -57.85% lower at present.
During the last 5 trading sessions, VRME fell by -1.62%, which changed the moving average for the period of 200-days by -48.12% in comparison to the 20-day moving average, which settled at $0.9493. In addition, VerifyMe Inc saw -45.80% 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 wrap up, the performance of VerifyMe Inc (VRME) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
