The trading price of Veritone Inc (NASDAQ:VERI) floating higher at last check on Monday, July 15, closing at $3.15, 2.97% higher than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $7.76 and a 52-week low of $1.48. Over the past month, the stock has gained 17.38% in value.
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Veritone Inc, whose market valuation is $118.85 million at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -0.15 per share this quarter, however they have predicted annual earnings per share of -0.35 for current year and 0.0 for next year.
Analysts have forecast the company to bring in revenue of 31M for the current quarter, with the likely lows of 31M and highs of 31M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 137.9M.
On the technical side, indicators suggest VERI has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 50% Buy.
A quick review shows that VERI’s price is currently 21.92% off the SMA20 and 9.56% off the SMA50. The RSI metric on the 14-day chart is currently showing 60.93, and weekly volatility stands at 10.87%. When measured over the past 30 days, the indicator reaches 9.19%. Veritone Inc (NASDAQ:VERI)’s beta value is currently sitting at 3.36, while the Average True Range indicator is currently displaying 0.26.
To see how Veritone Inc stock has been performing today in comparison to its peers in the industry, here are the numbers: VERI stock’s performance was 2.97% at last check in today’s session, and -28.01% in the past year.
An evaluation of the daily trading volume of Veritone Inc (NASDAQ:VERI) indicates that the 3-month average is 836.82K.
Currently, records show that 37.19 million of the company’s shares remain outstanding. The insiders hold 14.18% of outstanding shares, whereas institutions hold 34.37%. However, since the stock’s price has seen 73.80% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
