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.
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.
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.
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.