Maxim Group analyst Jack Vander Aarde initiated coverage with a Buy rating on VerifyMe (VRME) yesterday and set a price target of $10.00. The company’s shares closed last Monday at $4.00.
According to TipRanks.com, Aarde is a 5-star analyst with an average return of 68.2% and a 71.8% success rate. Aarde covers the Technology sector, focusing on stocks such as Summit Wireless Technologies, BIO-key International, and Avid Technology.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for VerifyMe with a $10.00 average price target.
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The company has a one-year high of $7.53 and a one-year low of $2.29. Currently, VerifyMe has an average volume of 127.3K.
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VerifyMe, Inc. engages in the provision of digital and physical solutions. It is able to deliver security solutions for identification and authentication of people, products and packaging in a variety of applications in the security field for physical transactions and owns digital patents which are in the same field. The company was founded by Norman A. Gardner on November 10, 1999 and is headquartered in Rochester, NY.
