Let’s start up with the current stock price of VerifyMe Inc. (VRME), which is $2.36 to be very precise. The Stock rose vividly during the last session to $1.99 after opening rate of $1.99 while the lowest price it went was recorded $1.91 before closing at $1.96.Recently in News on July 1, 2022, VerifyMe Announces SPAC Liquidation and Initiates New Share Repurchase Program. VerifyMe, Inc. (NASDAQ: VRME) (“VerifyMe,” “we,” “our,” or the “Company”), together with its subsidiary PeriShip Global LLC (“PeriShip”), provides brand owners time and temperature sensitive logistics, authentication, supply chain monitoring, and data-rich consumer engagement features using unique smartphone readable codes on their products, announced today that it and its co-sponsor have elected to not extend the period for G3 VRM Acquisition Corp (NASDAQ: GGGVU), a special purpose acquisition company (the “SPAC”) to consummate a business combination, and that VerifyMe has initiated a new share repurchase program. 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 $3.5900 on 03/29/22, with the lowest value was $1.9100 for the same time period, recorded on 06/30/22.
VerifyMe Inc. (VRME) full year performance was -53.55%
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 -45.88% during the 52-week period from high price, and 23.56% 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 $1.91 and $4.36.
The company’s shares, operating in the sector of Industrials managed to top a trading volume set approximately around 8015765 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 -38.27%, having the revenues showcasing -43.68% 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 16.56M, as it employees total of 7 workers.
Specialists analysis on VerifyMe Inc. (VRME)
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 2.8758, with a change in the price was noted -0.88. In a similar fashion, VerifyMe Inc. posted a movement of -26.83% for the period of last 100 days, recording 103,381 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 0.00 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.
Trends and Technical analysis: VerifyMe Inc. (VRME)
Raw Stochastic average of VerifyMe Inc. in the period of last 50 days is set at 31.96%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 54.46%. In the last 20 days, the company’s Stochastic %K was 20.63% and its Stochastic %D was recorded 8.76%.
Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -38.27%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -41.67%, alongside a downfall of -53.55% for the period of the last 12 months. The shares increased approximately by -4.85% in the 7-day charts and went up by -26.04% in the period of the last 30 days. Common stock shares were lifted by -43.68% during last recorded quarter.