Currently, there are 36.32M common shares owned by the public and among those 32.30M shares have been available to trade.
However, the script later moved the day high at 4.3000, down -11.08%. The company’s stock has a 5-day price change of 86.99% and 71.64% over the past three months. VERI shares are trading 90.61% year to date (YTD), with the 12-month market performance down to -31.68% lower. It has a 12-month low price of $1.48 and touched a high of $6.03 over the same period. VERI has an average intraday trading volume of 1.38 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 56.07%, 75.30%, and 27.65% respectively.
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Institutional ownership of Veritone Inc (NASDAQ: VERI) shares accounts for 37.26% of the company’s 36.32M shares outstanding.
It has a market capitalization of $128.10M and a beta (3y monthly) value of 2.80. The earnings-per-share (ttm) stands at -$2.25. Price movements for the stock have been influenced by the stock’s volatility, which stands at 45.57% over the week and 20.41% over the month.
Analysts forecast that Veritone Inc (VERI) will achieve an EPS of -$0.21 for the current quarter, -$0.12 for the next quarter and -$0.07 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.22 while analysts give the company a high EPS estimate of -$0.2. Comparatively, EPS for the current quarter was -$0.26 a year ago. Earnings per share for the fiscal year are expected to increase by 64.29%, and 81.26% over the next financial year.
Looking at the support for the VERI, a number of firms have released research notes about the stock. ROTH MKM stated their Neutral rating for the stock in a research note on February 01, 2024, with the firm’s price target at $2-$1.85. ROTH MKM coverage for the Veritone Inc (VERI) stock in a research note released on August 09, 2023 offered a Sell rating with a price target of $2. ROTH MKM was of a view on June 01, 2023 that the stock is Neutral, while BofA Securities gave the stock Underperform rating on April 20, 2023, issuing a price target of $8- $5. BofA Securities on their part issued Neutral rating on July 13, 2022.
