Verb Technology Company Inc (NASDAQ: VERB) stock fell -1.30% on Monday to $0.21 against a previous-day closing price of $0.21. With 1.73 million shares changed hands, the volume of the stock remained lighter than its average volume of 4.46 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $0.2290 whereas the lowest price it dropped to was $0.2060. The 52-week range on VERB shows that it touched its highest point at $23.20 and its lowest point at $0.14 during that stretch. It currently has a 1-year price target of $10.00. Beta for the stock currently stands at 1.06.
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 down-trending over the past week, with a drop of -3.33%, but this was down by -51.80% over a month. Three-month performance dropped to -75.52% while six-month performance fell -87.38%. The stock lost -96.79% in the past year, while it has lost -96.77% so far this year. A look at the trailing 12-month EPS for VERB yields -10.95 with Next year EPS estimates of -1.32. For the next quarter, that number is -0.60. This implies an EPS growth rate of 67.88% for this year and 73.65% for next year.
Float and Shares Shorts:
At present, 16.41 million VERB shares are outstanding with a float of 13.93 million shares on hand for trading. On Oct 30, 2023, short shares totaled 0.21 million, which was 4.66% higher than short shares on Sep 28, 2023. In addition to Mr. Rory J. Cutaia as the firm’s Founder, Chairman, President, CEO, Secretary & Treasurer, Mr. Bill John Rivard serves as its Corporate Controller & Interim CFO.
Through their ownership of 10.07% of VERB’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 5.68% of VERB, in contrast to 2.55% held by mutual funds. Shares owned by individuals account for 1.21%. As the largest shareholder in VERB with 0.75% of the stake, Millennium Management LLC holds 33,550 shares worth 33,550. A second-largest stockholder of VERB, BlackRock Fund Advisors, holds 30,631 shares, controlling over 0.68% of the firm’s shares. Geode Capital Management LLC is the third largest shareholder in VERB, holding 28,613 shares or 0.64% stake. With a 0.52% stake in VERB, the Vanguard Extended Market Index Fu is the largest stakeholder. A total of 23,176 shares are owned by the mutual fund manager. The Fidelity Extended Market Index Fu, which owns about 0.44% of VERB stock, is the second-largest Mutual Fund holder. It holds 19,999 shares valued at 5600.0. Fidelity Total Market Index Fund holds 0.09% of the stake in VERB, owning 4,245 shares worth 1189.0.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for VERB since 0 analysts follow the stock currently. 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 $10.00 and a low target of $10.00, the average target price over the next 12 months is $10.00. Based on these targets, VERB could surge 4661.9% to reach the target high and rise by 4661.9% to reach the target low. Reaching the average price target will result in a growth of 4661.9% from current levels.
Summary of Insider Activity:
Insiders traded VERB stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has risen to 4 over the past year. The total number of shares bought during that period was 0 while 323,545 shares were sold.