There’s No Escaping VerifyMe, Inc.’s (NASDAQ:VRME) Muted Revenues Despite A 32% Share Price Rise
VerifyMe, Inc. (NASDAQ:VRME) shareholders are no doubt pleased to see that the share price has bounced 32% in the last month, although it is still struggling to make up recently lost ground. Still, the 30-day jump doesn’t change the fact that longer term shareholders have seen their stock decimated by the 52% share price drop in the last twelve months.
In spite of the firm bounce in price, VerifyMe may still be sending buy signals at present with its price-to-sales (or “P/S”) ratio of 0.4x, considering almost half of all companies in the Electronic industry in the United States have P/S ratios greater than 2.2x and even P/S higher than 5x aren’t out of the ordinary. Although, it’s not wise to just take the P/S at face value as…
