Let’s start up with the current stock price of VerifyMe Inc. (VRME), which is $5.26 to be very precise. The Stock rose vividly during the last session to $5.50 after opening rate of $5.40 while the lowest price it went was recorded $4.60 before closing at $6.22.
Recently in News on February 10, 2021, VerifyMe Announces Pricing of $8.7 Million Bought Deal Offering of Common Stock. VerifyMe, Inc. (NASDAQ: VRME) (“VerifyMe,” or the “Company”), a technology solutions provider specializing in brand protection functions such as counterfeit prevention, authentication, serialization, track and trace features for labels, packaging and products, today announced that it has entered into an underwriting agreement with Maxim Group LLC under which the underwriter has agreed to purchase, on a firm commitment basis, 1,650,000 shares of common stock of the Company, at a price to the public of $5.30 per share less underwriting discounts and commissions. The gross proceeds from the offering are expected to be approximately $8.75 million, before deducting underwriting discounts and commissions and estimated offering expenses. You can read further details here
VerifyMe Inc. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $6.40 on 02/09/21, with the lowest value was $3.25 for the same time period, recorded on 01/06/21.
VerifyMe Inc. (VRME) full year performance was -20.48%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, VerifyMe Inc. shares are logging -27.45% during the 52-week period from high price, and 129.69% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $2.29 and $7.25.
The company’s shares, operating in the sector of Industrials managed to top a trading volume set approximately around 2220257 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the VerifyMe Inc. (VRME) recorded performance in the market was 46.11%, having the revenues showcasing 83.92% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 28.67M, as it employees total of 1 workers.
VerifyMe Inc. (VRME) in the eye of market guru’s
During the last month, 0 analysts gave the VerifyMe Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 3.58, with a change in the price was noted +1.94. In a similar fashion, VerifyMe Inc. posted a movement of +58.43% for the period of last 100 days, recording 209,950 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for VRME is recording 0.01 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.01.
VerifyMe Inc. (VRME): Stocks Technical analysis and Trends
Raw Stochastic average of VerifyMe Inc. in the period of last 50 days is set at 65.97%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 60.00%. In the last 20 days, the company’s Stochastic %K was 81.17% and its Stochastic %D was recorded 80.39%.
If we look into the earlier routines of VerifyMe Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 46.11%. Additionally, trading for the stock in the period of the last six months notably improved by 16.89%, alongside a downfall of -20.48% for the period of the last 12 months. The shares increased approximately by 6.59% in the 7-day charts and went down by 51.59% in the period of the last 30 days. Common stock shares were driven by 83.92% during last recorded quarter.