VerifyMe FY2024 EPS Forecast Boosted by Barrington Research

VerifyMe, Inc. (NASDAQ:VRME) – Investment analysts at Barrington Research raised their FY2024 earnings per share (EPS) estimates for VerifyMe in a research note issued to investors on Wednesday, November 13th. Barrington Research analyst M. Petusky now forecasts that the company will post earnings of ($0.15) per share for the year, up from their previous forecast of ($0.19). Barrington Research currently has a “Outperform” rating and a $1.50 price objective on the stock. The consensus estimate for VerifyMe’s current full-year earnings is ($0.19) per share. Barrington Research also issued estimates for VerifyMe’s Q1 2025 earnings at ($0.06) EPS, FY2025 earnings at ($0.17) EPS and FY2026 earnings at ($0.17) EPS.

VerifyMe (NASDAQ:VRME) last posted its quarterly earnings results on Tuesday, August 13th. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.03. VerifyMe had a negative net margin of 13.15% and a negative return on equity of 11.15%. The firm had revenue of $5.35 million during the quarter, compared to the consensus estimate of $5.71 million. During the same quarter in the previous year, the firm posted ($0.11) earnings per share.

VerifyMe Stock Performance

VerifyMe stock opened at $1.00 on Friday. The company has a 50 day moving average price of $1.30 and a 200-day moving average price of $1.38. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.73 and a current ratio of 1.74. VerifyMe has a fifty-two week low of $0.90 and a fifty-two week high of $2.45. The company has a market capitalization of $10.50 million, a PE ratio of -3.23 and a beta of 0.67.

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.