VerifyMe (NASDAQ:VRME) Shares Up 0.2% – Should You Buy?

Shares of VerifyMe, Inc. (NASDAQ:VRME) shot up 0.2% during trading on Tuesday . The stock traded as high as $0.6111 and last traded at $0.6055. 128,302 shares were traded during mid-day trading, an increase of 143% from the average daily volume of 52,768 shares. The stock had previously closed at $0.6040.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of VerifyMe in a report on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, VerifyMe has an average rating of “Hold” and a consensus price target of $1.50.

VerifyMe Price Performance

The firm has a fifty day simple moving average of $0.67 and a two-hundred day simple moving average of $0.75. The firm has a market capitalization of $8.17 million, a P/E ratio of -1.55 and a beta of 0.32.

VerifyMe (NASDAQ:VRME) last released its earnings results on Friday, August 14th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). VerifyMe had a negative return on equity of 17.16% and a negative net margin of 47.08%.The firm had revenue of $1.91 million during the quarter, compared to analysts’ expectations of $2.71 million.

Institutional Investors Weigh In On VerifyMe

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Two Sigma Investments LP lifted its holdings in VerifyMe by 235.5% during the third quarter. Two Sigma Investments LP now owns 35,321 shares of the company’s stock valued at $31,000 after purchasing an additional 24,793 shares during the last quarter. State Street Corp increased its stake in shares of VerifyMe by 51.8% in the fourth quarter. State Street Corp now owns 77,359 shares of the company’s stock worth $46,000 after purchasing an additional 26,400 shares in the last quarter. Finally, LPL Financial LLC raised its position in shares of VerifyMe by 71.4% in the fourth quarter. LPL Financial LLC now owns 380,812 shares of the company’s stock valued at $229,000 after purchasing an additional 158,697 shares during the period. 8.79% of the stock is currently owned by institutional investors.

About VerifyMe

VerifyMe, Inc (NASDAQ: VRME) provides authentication and brand protection solutions to help companies secure products, packaging and digital credentials against counterfeiting, diversion and tampering. The company’s offerings combine physical authentication technologies—such as secure printing, invisible inks, RFID/NFC tags and direct part marking—with cloud-based software to create end-to-end track-and-trace capabilities. These integrated solutions enable customers to verify authenticity at every stage of the supply chain, from manufacturing through distribution and retail.

Key product lines include on-demand secure printers and customized label materials, embedded secure elements for item-level tagging, and a centralized data management platform that supports real-time analytics, consumer engagement and regulatory compliance.