VerifyMe FY2024 EPS Forecast Boosted by Barrington Research

VerifyMe, Inc. (NASDAQ:VRME) – Research analysts at Barrington Research upped their FY2024 earnings per share estimates for shares of VerifyMe in a research note issued to investors on Wednesday, November 13th. Barrington Research analyst M. Petusky now forecasts that the company will post earnings of ($0.15) per share for the year, up from their prior estimate of ($0.19). Barrington Research currently has a “Outperform” rating and a $1.50 target price on the stock. The consensus estimate for VerifyMe’s current full-year earnings is ($0.19) per share. Barrington Research also issued estimates for VerifyMe’s Q1 2025 earnings at ($0.06) EPS, FY2025 earnings at ($0.17) EPS and FY2026 earnings at ($0.17) EPS.

VerifyMe Stock Performance

Shares of VRME opened at $1.00 on Friday. The business’s fifty day simple moving average is $1.30 and its two-hundred day simple moving average is $1.38. The company has a current ratio of 1.74, a quick ratio of 1.73 and a debt-to-equity ratio of 0.16. VerifyMe has a 12 month low of $0.90 and a 12 month high of $2.45. The company has a market cap of $10.50 million, a price-to-earnings ratio of -3.23 and a beta of 0.67.

VerifyMe (NASDAQ:VRME) last announced its earnings results on Tuesday, August 13th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.03. The firm had revenue of $5.35 million during the quarter, compared to analyst estimates of $5.71 million. VerifyMe had a negative return on equity of 11.15% and a negative net margin of 13.15%. During the same quarter in the prior year, the company earned ($0.11) EPS.

VerifyMe Company Profile

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.