Verb Technology (NASDAQ:VERB) Hits New 52-Week Low – What’s Next?

Verb Technology Company, Inc. (NASDAQ:VERB) hit a new 52-week low during trading on Wednesday . The stock traded as low as $6.31 and last traded at $6.31, with a volume of 33106 shares. The stock had previously closed at $8.50.

Analyst Ratings Changes

Separately, Ascendiant Capital Markets cut their price target on shares of Verb Technology from $4.50 to $4.00 and set a “buy” rating for the company in a report on Tuesday, September 3rd.

Verb Technology Stock Down 24.6 %

The stock’s fifty day moving average price is $0.20 and its 200-day moving average price is $0.17. The company has a current ratio of 4.52, a quick ratio of 4.52 and a debt-to-equity ratio of 0.01.

Verb Technology (NASDAQ:VERB) last released its earnings results on Wednesday, August 14th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01. Verb Technology had a negative net margin of 11,568.63% and a negative return on equity of 165.56%. The business had revenue of $0.04 million during the quarter. Equities research analysts anticipate that Verb Technology Company, Inc. will post -20 EPS for the current fiscal year.

About Verb Technology

Verb Technology Company, Inc, through its subsidiaries, develops Software-as-a-Service applications platform. It offers MARKET.live, a livestream social shopping platform, that allows brands, retailers, and creators to broadcast shopping events on various social media channels, as well as services that range from production of livestream events to host and event consulting, and drop ship and creator programs.