Home Top Movers Why Verb Technology Company Inc. (VERB) stock is surging on Wednesday’s pre-market?

Why Verb Technology Company Inc. (VERB) stock is surging on Wednesday’s pre-market?

Verb Technology Company Inc. (VERB) shares have gained 11.61% in pre-market on Wednesday, June 29, 2021, as of this writing. VERB’s stock gained 17.42% to close Tuesday’s session at $1.55. VERB shares have risen 44.86% over the last 12 months, and they have moved up 28.10% in the past week. Over the past three months, the stock has gained 11.51%, while over the past six months, it has shed 9.88%.

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Let’s have a look at its recent news and development.


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Participation in the upcoming investor conference

An investor conference themed around investor education and advocacy is set for July 13-15, 2021. The Verb will be participating along with 50 other companies at the conference.

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heliosDX Partnership with Verb

on June 16, 2021, RushNet, Inc with merger/acquisition target heliosDX announced the upcoming launch of their National Sales Campaign utilizing Verb Technology Company cutting-edge interactive sales and marketing platform. (verbTEAMS and verbLIVE).

Participation in the recent investor conference

Verb Technology recently participated at the A.G.P. Tech Talk fireside chat webinar which held on June 10, 2021.  CEO Rory J. Cutaia and CFO Jeff Clayborne presented the company.

The company also participated in the Sidoti & Company LLC Virtual Microcap Conference which held on May 19, 2021. Rory J. Cutaia, CEO of presented the company.

The company also took part in the Benzinga Global Small-Cap Conference which held on May 13-14, 2021. Rory J. Cutaia, CEO of VERB, provided an overview of VERB’s strategy and market opportunities.

Recent financial results announcement

On May 13, 2021, Verb Technology Company Inc reported its financial and operating results for the quarter ending March 31, 2021.

Q1 2021 financial highlights

  • Verb Technology Company reported total combined revenue of $2.5 million for Q1 2021.
  • In Q1 2021, research and development expenses were $2.9 million, compared with $1.3 million for Q1 2020.
  • General and administrative expenses were $7.3 million in Q1 2021, compared with $3.5 million from the same period last year.
  • As of March 31, 2021, the company had total cash of $12.9 million compared with $1.8 million on December 31, 2020.

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Conclusion

The exceptional surge of VERB stock in the pre-market is a bit strange because there is no recent news or activity so we have to wait and see how it performs in the remaining day.

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