It is Poised to be a Bull Market for Verb Technology Company Inc. (VERB)

Verb Technology Company Inc. (NASDAQ: VERB) stock jumped 69.65% on Monday to $0.39 against a previous-day closing price of $0.23. With 138.92 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.23 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $0.5790 whereas the lowest price it dropped to was $0.3281. The 52-week range on VERB shows that it touched its highest point at $1.69 and its lowest point at $0.11 during that stretch. It currently has a 1-year price target of $2.00. Beta for the stock currently stands at 0.29.

Top 5 Undervalued Stocks To Own In 2023

Microchip Maker Releases "World's Most Powerful Data Center CPU". It could allow the company who manufactures it to lead the industry as the global microchip shortage continues into the coming year. We've put together a free research report that explains all the details. Not only will you find out why analysts believe this chip manufacturer could lead the pack, you will also discover four more potential winners for the coming year.

Click here to download your Free Research Report…

Sponsored

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of VERB was up-trending over the past week, with a rise of 117.98%, but this was up by 240.35% over a month. Three-month performance surged to 10.54% while six-month performance fell -46.85%. The stock lost -67.39% in the past year, while it has gained 136.44% so far this year. A look at the trailing 12-month EPS for VERB yields -0.31 with Next year EPS estimates of -0.12. For the next quarter, that number is -0.05. This implies an EPS growth rate of 31.50% for this year and 55.60% for next year.

Float and Shares Shorts:

At present, 102.11 million VERB shares are outstanding with a float of 101.17 million shares on hand for trading. On Oct 13, 2022, short shares totaled 2.95 million, which was 2.88% higher than short shares on Sep 14, 2022. In addition to Mr. Rory J. Cutaia as the firm’s Founder, Chairman, Pres, CEO & Sec., Mr. Salman H. Khan serves as its CFO & Treasurer.


Institutional Ownership:

Through their ownership of 7.34% of VERB’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 8.98% of VERB, in contrast to 4.31% held by mutual funds. Shares owned by individuals account for 2.23%. As the largest shareholder in VERB with 3.49% of the stake, The Vanguard Group, Inc. holds 4,049,242 shares worth 4,049,242. A second-largest stockholder of VERB, BlackRock Fund Advisors, holds 1,229,360 shares, controlling over 1.06% of the firm’s shares. Geode Capital Management LLC is the third largest shareholder in VERB, holding 703,692 shares or 0.61% stake. With a 2.76% stake in VERB, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 3,198,586 shares are owned by the mutual fund manager. The Vanguard Extended Market Index Fu, which owns about 0.72% of VERB stock, is the second-largest Mutual Fund holder. It holds 830,962 shares valued at 0.14 million. Fidelity Extended Market Index Fu holds 0.30% of the stake in VERB, owning 348,107 shares worth 57090.0.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for VERB since 2 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With VERB analysts setting a high price target of $3.00 and a low target of $1.00, the average target price over the next 12 months is $2.00. Based on these targets, VERB could surge 669.23% to reach the target high and rise by 156.41% to reach the target low. Reaching the average price target will result in a growth of 412.82% from current levels.


EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. VERB will report FY 2022 earnings on 02/28/2024. Analysts have provided yearly estimates in a range of -$0.26 being high and -$0.29 being low. For VERB, this leads to a yearly average estimate of -$0.28. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Verb Technology Company Inc. surprised analysts by -$0.01 when it reported -$0.08 EPS against a consensus estimate of -$0.07. The surprise factor in the prior quarter was $0.00. Based on analyst estimates, the high estimate for the next quarter is -$0.04 and the low estimate is -$0.06. The average estimate for the next quarter is thus -$0.05.

Summary of Insider Activity:

Insiders traded VERB stock several times over the past three months with 3 Buys and 5 Sells. In these transactions, 693,170 shares were bought while 372,069 shares were sold. The number of buy transactions has increased to 6 while that of sell transactions has risen to 6 over the past year. The total number of shares bought during that period was 1,208,165 while 382,314 shares were sold.

Leave a Comment

Your email address will not be published. Required fields are marked *