Maxim Group analyst Jack Vander Aarde has reiterated their bullish stance on VRME stock, giving a Buy rating on March 7.
Jack Vander Aarde has given his Buy rating due to a combination of factors, including VerifyMe’s strategic divestitures and financial performance improvements. Despite a slight decline in revenue, the company achieved a better-than-expected adjusted EBITDA, demonstrating effective cost management and operational efficiency.
Additionally, VerifyMe has strengthened its financial position by generating cash through a warrant inducement and retiring debt, which positions the company to explore new growth opportunities without needing additional capital. The company’s focus on expanding its Precision Logistics segment and its proactive approach to maximizing shareholder value further support the Buy rating. These strategic moves, coupled with a favorable valuation, underpin the positive outlook for VerifyMe’s stock.
In another report released on March 7, Barrington also maintained a Buy rating on the stock with a $1.25 price target.
Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of VRME in relation to earlier this year.