Verb Technology Company Inc (NASDAQ: VERB) Has Outstanding Potential

Verb Technology Company Inc (NASDAQ:VERB) shares, rose in value, with the stock price down by -3.29% to the previous day’s close as strong demand from buyers drove the stock to $0.26.

Actively observing the price movement in the last trading, the stock closed the session at $0.26. The value of beta (5-year monthly) was 0.55. Referring to stock’s 52-week performance, its high was $5.09, and the low was $0.11. On the whole, VERB has fluctuated by 65.16% over the past month.

With the market capitalization of Verb Technology Company Inc currently standing at about $6.44 million, investors are eagerly awaiting this quarter’s results, scheduled for Apr 15, 2024 – Apr 19, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.16, which is expected to increase to -$0.12 for fiscal year -$2.98 and then to about -$0.5 by fiscal year 2024. Data indicates that the EPS growth is expected to be 71.30% in 2024, while the next year’s EPS growth is forecast to be 83.20%.

Wall Street analysts also predicted that in 2024, the company’s y-o-y revenues would reach $2.3 million, representing a decrease of -75.60% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that VERB’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium term indicators have put the stock in the category of Hold while long term indicators on average have been pointing out that it is a 50% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of VERB currently trading nearly 1.46% and 34.13% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 51.74, while the 7-day volatility ratio is showing 19.65% which for the 30-day chart, stands at 30.15%. Furthermore, Verb Technology Company Inc (VERB)’s beta value is 0.75, and its average true range (ATR) is 0.08.

A comparison of Verb Technology Company Inc (VERB) with its peers suggests the former has fared considerably weaker in the market. VERB showed an intraday change of -3.29% in last session, and over the past year, it shrunk by -94.66%%.

Data on historical trading for Verb Technology Company Inc (NASDAQ:VERB) indicates that the trading volumes over the past 10 days have averaged 27.83 million and over the past 3 months, they’ve averaged 18.89 million. According to company’s latest data on outstanding shares, there are 25.15 million shares outstanding.

Nearly 2.70% of Verb Technology Company Inc’s shares belong to company insiders and institutional investors own 1.29% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.39 million shares as on Mar 15, 2024, resulting in a short ratio of 0.01. According to the data, the short interest in Verb Technology Company Inc (VERB) stood at 1.84% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 0.48 million. The stock has risen by 48.75% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the VERB stock heading into the next quarter.

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