Verb Technology (NASDAQ:VERB) Shares Gap Up – Here’s Why

Verb Technology Company, Inc. (NASDAQ:VERB)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $7.91, but opened at $14.00. Verb Technology shares last traded at $13.68, with a volume of 12,282,142 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Ascendiant Capital Markets lowered their price objective on shares of Verb Technology from $4.50 to $4.00 and set a “buy” rating on the stock in a research note on Tuesday, September 3rd.

Verb Technology Price Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 4.52 and a quick ratio of 4.52. The business’s 50-day moving average price is $0.46 and its two-hundred day moving average price is $0.26.

Verb Technology (NASDAQ:VERB) last issued its quarterly earnings data on Wednesday, August 14th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate 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. On average, sell-side analysts anticipate that Verb Technology Company, Inc. will post -20 earnings per share for the current year.

Verb Technology Company Profile

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.