Verb Technology (NASDAQ:VERB) Shares Scheduled to Reverse Split on Wednesday, October 9th

Shares of Verb Technology Company, Inc. (NASDAQ:VERB) are going to reverse split before the market opens on Wednesday, October 9th. The 1-200 reverse split was announced on Friday, October 4th. The number of shares owned by shareholders will be adjusted after the market closes on Tuesday, October 8th.

Verb Technology Price Performance

Shares of VERB stock traded down $0.01 during trading on Monday, hitting $0.04. The company’s stock had a trading volume of 18,837,290 shares, compared to its average volume of 16,133,584. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.52 and a current ratio of 4.52. The business has a fifty day moving average of $0.07 and a 200-day moving average of $0.12. Verb Technology has a 52 week low of $0.04 and a 52 week high of $0.92.

Verb Technology (NASDAQ:VERB) last announced its quarterly earnings data on Wednesday, August 14th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01. 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, research analysts expect that Verb Technology will post -0.1 earnings per share for the current year.

Analyst Ratings Changes

Separately, Ascendiant Capital Markets lowered their price objective on shares of Verb Technology from $4.50 to $4.00 and set a “buy” rating on the stock in a research report on Tuesday, September 3rd.

About Verb Technology

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.