Verb Technology (NASDAQ:VERB) Stock Price Down 10.4% – Should You Sell?

Verb Technology Company, Inc. (NASDAQ:VERB)’s share price fell 10.4% on Tuesday . The stock traded as low as $4.46 and last traded at $4.92. 349,793 shares changed hands during trading, an increase of 879% from the average session volume of 35,725 shares. The stock had previously closed at $5.49.

Wall Street Analyst Weigh In

Separately, Ascendiant Capital Markets lowered their target price on Verb Technology from $800.00 to $100.00 and set a “buy” rating on the stock in a report on Monday, November 11th.

Verb Technology Stock Performance

The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.05 and a current ratio of 4.05. The business has a 50 day simple moving average of $5.87 and a 200 day simple moving average of $8.79.

Institutional Trading of Verb Technology

A hedge fund recently bought a new stake in Verb Technology stock. SBI Securities Co. Ltd. acquired a new position in shares of Verb Technology Company, Inc. (NASDAQ:VERB) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 5,538 shares of the company’s stock, valued at approximately $36,000. SBI Securities Co. Ltd. owned 0.56% of Verb Technology at the end of the most recent quarter. 7.24% of the stock is currently owned by hedge funds and other institutional investors.

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.