Some Investing Thoughts On Verb Technology Company Inc (NASDAQ: VERB)

After grabbing 33550.0 shares, the institutional investor is now in possession of 33550.0 shares of the Technology Company. The new investment brought the stake of investor firm to 0.20% having worth around $6542.0. Moreover, Geode Capital Management LLC increased its share by 11331.0 to have a control over 28613.0 shares. And The Vanguard Group, Inc. raised its holdings to 1.0 shares by acquiring 23176.0 shares or 0.14% of the stake.

Verb Technology Company Inc (VERB) concluded trading on 01/04/24 at a closing price of $0.16, with 3.25 million shares of worth about $0.52 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -86.46% during that period and on Thursday the price saw a gain of about 0.06%. Currently the company’s common shares owned by public are about 19.33M shares, out of which, 18.53M shares are available for trading.

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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 1 analysts are covering the VERB stock and their offered price forecasts bring an average price target of $6.00. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $6.00 and could fall to a lowest price of $6.00. The stock’s current price level is 97.33% above of average price target set by the analysts, while a rise to estimated low would result in gain of 97.33% for the stock. However, touching the estimated high of $6.00 would mean a gain of 97.33% for the stock.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 4 times over the past 12 months. They bought 0 shares in 0 of the transactions. In 4 selling transactions, insiders dumped 323,545 shares.

Vanguard Extended Market Index Fu, Fidelity Extended Market Index Fu, and Fidelity Total Market Index Fund are the top 3 mutual funds which are holding stakes in Verb Technology Company Inc Vanguard Extended Market Index Fu is currently holding 23176.0 shares of worth totaling $4519.0. The company recently came buying 0.0 shares which brought its stake up to 0.14% of the company’s outstanding shares. Fidelity Total Market Index Fund, after buying 4245.0 shares, have now control over 0.03% of the stake in the company. It holds 0.0 shares of worth $828.0.

However, the stock later moved at a day high price of 0.1674, or with a gain of 0.06%. Stock saw a price change of -7.14% in past 5 days and over the past one month there was a price change of -22.99%. Year-to-date (YTD), VERB shares are showing a performance of -5.58% which decreased to -97.51% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.14 but also hit the highest price of $23.20 during that period. The average intraday trading volume for Verb Technology Company Inc shares is 1.89 million. The stock is currently trading -6.78% below its 20-day simple moving average (SMA20), while that difference is down -25.50% for SMA50 and it goes to -87.96% lower than SMA200.

Millennium Management LLC acquired 33550.0 shares of Verb Technology Company Inc having value of about $6542.0. Verb Technology Company Inc (NASDAQ: VERB) currently have 19.33M outstanding shares and institutions hold larger chunk of about 0.87% of that. Holding of mutual funds in the company is about 0.70% while other institutional holders and individual stake holders have control over 1.56% and 0.33% of the stake respectively.

The stock has a current market capitalization of $3.14M and its 3Y-monthly beta is at 0.62. It has posted earnings per share of -$10.95 in the same period. It has Quick Ratio of 0.16. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for VERB, volatility over the week remained 7.78% while standing at 9.68% over the month.

Analysts are in expectations that Verb Technology Company Inc (VERB) stock would likely to be making an EPS of -$0.16 in the current quarter, while forecast for next quarter EPS is -$0.12 and it is -$0.5 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.16 which is -$0.16 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$1.6 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 80.90% while it is estimated to increase by 83.22% in next year.

Analysts at 1 brokerage firms have issued recommendations for the Verb Technology Company Inc (VERB)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.00. Out of those 1 Wall Street analysts, 1 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.

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