Is VerifyMe, Inc. (VRME) the Cheapest Stock Insiders Are Buying In March?

We recently published a list of 15 Cheapest Stocks Insiders Are Buying In March. In this article, we are going to take a look at where VerifyMe, Inc. (NASDAQ:VRME) stands against other cheapest stocks insiders are buying in March.

After solid gains Monday, the broader market index and blue chip companies traded flat Tuesday, while the NASDAQ Composite rose 0.2%. Monday’s enthusiasm came from hopes of looser U.S. tariffs.

Investors mostly ignored the March consumer confidence data released on Tuesday, which showed a sharp decline in U.S. consumers’ short-term outlook on income, business, and job conditions, reports CNBC.

“Sentiment continues to wane among investors, consumers and businesses as economic concerns and economic policy uncertainty takes its toll,” said Bret Kenwell, U.S. investment analyst at eToro. “Until there’s more certainty on the tariff and macro front, sentiment and confidence remain vulnerable.”

As investors navigate daily market changes, uncertainty remains a persistent factor. Insider trading tends to attract attention during these periods, as purchases of company stock by executives may suggest optimism about the company’s future. However, insider selling doesn’t necessarily signal a lack of confidence—it could simply be for personal financial reasons or to diversify holdings. Many executives use pre-established plans, such as 10b5-1, to maintain transparency. While insider trading can provide useful insights, it’s important to evaluate it alongside a company’s financial stability, broader market trends, and industry dynamics.

What are some of the cheapest stocks insiders have been buying this month so far? To find out, we used Insider Monkey’s insider trading stock screener, focusing only on stocks where at least two insiders had purchased shares in March. From there, we ranked the 10 stocks with the lowest average price per share.

Our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds, focusing on insider trading and stock picks from hedge fund investor newsletters and conferences. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).

With each stock, we note the average price per share of these purchases and the stock’s market capitalization.

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.

Overall, VRME ranks 8th on our list of cheapest stocks insiders are buying in March. While we acknowledge the potential of VRME our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than VRME but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.