VerifyMe Inc. stock surges after crossing above key SMA
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 15 Jan 26
Source: Coinmarketcap
VerifyMe Inc. shares surged by 26.17% as the stock crossed above its 5-day SMA, indicating strong buying interest.
The significant price movement is attributed to broad market strength, with the Nasdaq-100 and S&P 500 both showing gains of 0.94% and 0.60%, respectively. This positive market environment has likely contributed to the upward momentum in VerifyMe's stock price.
Investors are optimistic about VerifyMe's future prospects, and the recent price action may attract further interest from traders looking for growth opportunities.
Analyst Views on VRME
Wall Street analysts forecast VRME stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for VRME is 1.50 USD with a low forecast of 1.50 USD and a high forecast of 1.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 1.180
Low
1.50
Averages
1.50
High
1.50
Current: 1.180
Low
1.50
Averages
1.50
High
1.50
About VRME
VerifyMe, Inc provides specialized logistics for time and temperature sensitive products, as well as brand protection and enhancement solutions. Its segments include Precision Logistics and Authentication. Its Precision Logistics segment includes the operations of its subsidiary, PeriShip Global, LLC. Its Precision Logistics segment provides service for sensitive parcel management driven by a software platform that provides predictive analytics from key metrics such as pre-shipment weather analysis, flight-tracking, sort volumes, and traffic, delivered to customers via a secure portal. The Precision Logistics segment includes bundled services, such as PeriTrack, Service Center, Pre-Transit Service, Post-Delivery, and Weather/Traffic Service. The Authentication segment specializes in anti-counterfeit and brand protection. Its information technology (IT) platform provides real-time information and analysis for a range of markets, including the perishable healthcare and food industries.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
