Is vrme a good buy

VerifyMe (VRME) is not a good buy at this time. Here are the key reasons:

1. Financial Performance: VRME reported a net income of $346,000 and a diluted EPS of$-0.03 for the latest quarter. The company's total revenue was $5.35 million, with a revenue growth rate of 0.32% and a net income growth rate of 60.77%. These figures indicate that the company is currently profitable, but its net income growth rate is significantly higher than its revenue growth rate, which could suggest that the company's net income growth is not sustainable.

2. Support and Resistance Levels: The current stock price is near the resistance level of $1.4, which could indicate strong demand. However, the stock's price is also near the support level of $1.3, which could suggest weak demand.
3. Analyst Recommendations: The company has received a consensus price target of $1.50, which suggests that analysts believe the stock has potential for growth. However, the company's stock price has been downgraded and its earnings estimates have been reduced, which could indicate a lack of confidence in the company's future prospects.
4. Business Prospects: The company's share price has experienced a significant increase, which could be indicative of investor optimism about the company's future prospects. However, the company's business is struggling to make up recently lost ground, and its P/S ratio is low, which could suggest that investors think the company's revenue may begin to slide.

In conclusion, while the company is currently profitable, the lack of sustainable revenue growth and the recent downgrades suggest that VRME is not a good buy at this time. Investors should exercise caution and consider the high risk associated with the company's current situation.