Veritone Inc (VERI) concluded trading on Wednesday at a closing price of $2.17, with 23.12 million shares of worth about $50.16 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -20.51% during that period and on March 13, 2024 the price saw a gain of about 26.90%. Currently the company’s common shares owned by public are about 36.32M shares, out of which, 32.03M shares are available for trading.
Stock saw a price change of 3.33% in past 5 days and over the past one month there was a price change of 9.05%. Year-to-date (YTD), VERI shares are showing a performance of 19.89% which decreased to -58.67% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.48 but also hit the highest price of $6.03 during that period. The average intraday trading volume for Veritone Inc shares is 421.62K. The stock is currently trading 1.69% above its 20-day simple moving average (SMA20), while that difference is up 14.26% for SMA50 and it goes to -20.19% lower than SMA200.
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Veritone Inc (NASDAQ: VERI) currently have 36.32M outstanding shares and institutions hold larger chunk of about 37.26% of that.
The stock has a current market capitalization of $80.57M and its 3Y-monthly beta is at 2.82. It has posted earnings per share of -$2.25 in the same period. It has Quick Ratio of 0.87 while making debt-to-equity ratio of 3.68. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for VERI, volatility over the week remained 27.26% while standing at 16.58% over the month.
Analysts are in expectations that Veritone Inc (VERI) stock would likely to be making an EPS of -$0.12 in the current quarter, while forecast for next quarter EPS is -$0.1 and it is -$0.08 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.22 which is -$0.04 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.26 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 62.97% while it is estimated to increase by 92.94% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by ROTH MKM on February 01, 2024 offering a Neutral rating for the stock and assigned a target price range of between $2 and $1.85 to it. Coverage by ROTH MKM stated Veritone Inc (VERI) stock as a Sell in their note to investors on August 09, 2023, suggesting a price target of $2 for the stock. On June 01, 2023, ROTH MKM Downgrade their recommendations, while on April 20, 2023, BofA Securities Downgrade their ratings for the stock with a price target of $5. Stock get a Neutral rating from BofA Securities on July 13, 2022.
