Barrington Research Raises Earnings Estimates for VerifyMe

VerifyMe, Inc. (NASDAQ:VRME) – Stock analysts at Barrington Research upped their Q4 2024 earnings estimates for shares of VerifyMe in a research report issued to clients and investors on Wednesday, November 13th. Barrington Research analyst M. Petusky now forecasts that the company will earn $0.00 per share for the quarter, up from their previous estimate of ($0.01). Barrington Research has a “Outperform” rating and a $1.50 price target on the stock. The consensus estimate for VerifyMe’s current full-year earnings is ($0.19) per share.

VerifyMe Stock Up 2.1 %

Shares of VRME opened at $0.98 on Thursday. The company has a current ratio of 1.74, a quick ratio of 1.73 and a debt-to-equity ratio of 0.14. The firm has a market cap of $10.18 million, a P/E ratio of -3.10 and a beta of 0.67. The company’s 50-day moving average price is $1.31 and its 200 day moving average price is $1.39. VerifyMe has a 12-month low of $0.90 and a 12-month high of $2.45.

VerifyMe (NASDAQ:VRME) last released its quarterly earnings results on Tuesday, August 13th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate 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 net margin of 13.15% and a negative return on equity of 10.68%. During the same quarter in the previous 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.