15 Cheapest Stocks Insiders Are Buying In March

8. VerifyMe, Inc. (NASDAQ:VRME)

Market Capitalization: $9.91 million

VerifyMe provides brand protection and precision logistics solutions, focusing on anti-counterfeit protection and specialized logistics for time and temperature-sensitive products. The Lake Mary, Florida-based company operates in two segments: Precision Logistics, offering analytics for perishable products, and Authentication, which connects brands with consumers and protects against counterfeiting. VerifyMe also offers services like product traceability and customer engagement through various software tools.

For the fourth quarter of 2024, the company disclosed revenue of $7.7 million, compared to $8.7 million in the same period of 2023. Gross profit amounted to $2.4 million, versus $2.9 million in the same quarter of the prior year. Net loss was $500,000, compared to net income of less than $100,000 in the corresponding quarter of 2023. Adjusted EBITDA was $500,000, compared to $1.1 million in the fourth quarter of 2023.

In March, two insiders, including the CEO and president, bought approximately $86,205 worth of VerifyMe shares at a price of $0.70 per share. The stock now trades at $0.80 per share, down 41.01% year-to-date and 42.69% over the past 12 months.

Two Wall Street analysts have rated VerifyMe stock as a “Moderate Buy” with a price target of $1.25 per share, reports TipRanks. The average price target suggests a 55.80% potential upside from the current price.