VerifyMe (NASDAQ:VRME) Price Target Lowered to $1.50 at Barrington Research

VerifyMe (NASDAQ:VRME) had its price objective lowered by Barrington Research from $2.00 to $1.50 in a report published on Wednesday morning, Benzinga reports. The brokerage currently has an outperform rating on the stock. Barrington Research also issued estimates for VerifyMe’s Q3 2024 earnings at ($0.09) EPS, Q4 2024 earnings at ($0.01) EPS, FY2024 earnings at ($0.19) EPS, Q1 2025 earnings at ($0.08) EPS, Q2 2025 earnings at ($0.07) EPS, Q3 2025 earnings at ($0.07) EPS, Q4 2025 earnings at $0.02 EPS, FY2025 earnings at ($0.19) EPS and FY2026 earnings at ($0.19) EPS.

VerifyMe Stock Down 2.6 %

Shares of VerifyMe stock opened at $1.11 on Wednesday. The company has a quick ratio of 1.86, a current ratio of 1.87 and a debt-to-equity ratio of 0.15. The company has a market cap of $11.53 million, a P/E ratio of -4.83 and a beta of 0.63. The firm’s 50 day moving average price is $1.31 and its 200-day moving average price is $1.40. VerifyMe has a 52-week low of $0.85 and a 52-week high of $2.45.

VerifyMe (NASDAQ:VRME) last released its quarterly earnings results on Tuesday, August 13th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.03. The business had revenue of $5.35 million for the quarter, compared to analyst estimates of $5.71 million. VerifyMe had a negative net margin of 7.18% and a negative return on equity of 10.86%. During the same period in the previous year, the company earned ($0.11) earnings per share. On average, sell-side analysts predict that VerifyMe will post -0.25 EPS for the current fiscal year.

About VerifyMe

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.