Bsquare (BSQR), Verb (VERB): 2 rising tech stocks

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 Bsquare (BSQR), Verb (VERB): 2 rising tech stocks
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Summary

  • Bsquare and Verb Technology gained around 250 percent and 30 percent, respectively, in the last five days.
  • Bsquare stock returned approximately 250 percent year to date.
  • Verb Technology share price grew around 41 percent this year.

Stocks of Bsquare Corporation (NASDAQ: BSQR) and Verb Technology Company, Inc. (NASDAQ: VERB) jumped approximately 250 percent and 30 percent, respectively, in the past 5 trading sessions.

As of 10:53 am ET on Wednesday, BSQUARE stock was trading at US$5.32, down 33.86 percent, while Verb shares rallied 50.65 percent to US$2.335.

Bsquare stock returned around 250 percent year to date, while Verb shares gained 28 percent this year.

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Bsquare Corporation

Bsquare provides the Internet of Things system and services manufacturers and operators of connected devices. The company provides software that connects devices to develop intelligent systems.

The Seattle-based company currently has US$70.38 million in market value. The stock traded in the range of US$1.10 to US$11.83 during the 52-week period.

In the first quarter ended March 31, Bsquare’s total revenue fell US$9.9 million from the revenue of US$16.7 million in the year-ago quarter. Net loss widened to US$860,000, or 7 cents per share, compared with the loss of US$474,000, or 4 cents per share in the first quarter of 2020.

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Recently, Bsquare said Ryan Vardeman replaced Andrew Harries as the company’s chairperson. Bsquare has also cut the number of directors on its board to five from seven.

Verb Technology (VERB)

This technology company develops a software-as-a-service applications platform. Verb’s platform offers a suite of video-based sales enablement business software products.

Verb’s products include customer relationship management application verbCRM, video-based learning management system verbLEARN and live stream e-commerce application verbLIVE.

The company had total user downloads of 2.05 million as of March 26.

Verb has US$143.24 million in market capitalization. During the 52-week period, the share price was between 92 cents and US$3.10.

Verb saw its total combined revenue increase to US$2.5 million during the first quarter from US$2.3 million in the same quarter the previous year. Revenue from SaaS came in at US$1.5 million.

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Net loss during the three months surged to US$8.3 million, compared to the loss of US$1.9 million in the year-ago quarter as operating expense almost doubled in the quarter.

Please note: The above constitutes a preliminary view, and any interest in stocks/cryptocurrencies should be evaluated further from an investment point of view.

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