VerifyMe (NASDAQ:VRME) Earns “Outperform” Rating from Barrington Research

VerifyMe (NASDAQ:VRME)‘s stock had its “outperform” rating reaffirmed by equities researchers at Barrington Research in a research report issued to clients and investors on Wednesday,Benzinga reports. They currently have a $1.50 price target on the stock. Barrington Research’s price target would indicate a potential upside of 53.05% from the stock’s previous close. Barrington Research also issued estimates for VerifyMe’s Q4 2024 earnings at $0.00 EPS.

VerifyMe Stock Up 2.1 %

Shares of NASDAQ VRME opened at $0.98 on Wednesday. The firm’s 50-day moving average is $1.31 and its two-hundred day moving average is $1.39. The company has a market capitalization of $10.18 million, a PE ratio of -3.10 and a beta of 0.67. VerifyMe has a 12-month low of $0.90 and a 12-month high of $2.45. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.74 and a quick ratio of 1.73.

VerifyMe (NASDAQ:VRME) last posted its earnings results on Tuesday, August 13th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.03. The firm had revenue of $5.35 million for the quarter, compared to analyst estimates of $5.71 million. VerifyMe had a negative return on equity of 10.68% and a negative net margin of 13.15%. During the same quarter in the prior year, the company earned ($0.11) EPS. Equities analysts anticipate that VerifyMe will post -0.19 EPS for the current fiscal year.

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.