Verint Systems, Inc. (NASDAQ:VRNT) shares, rose in value on Friday, August 09, with the stock price down by -3.35% to the previous day’s close as strong demand from buyers drove the stock to $32.33.
Actively observing the price movement in the last trading, the stock closed the session at $33.45. The PE ratio was 68.25 over 12-month period. Referring to stock’s 52-week performance, its high was $38.17, and the low was $18.41. On the whole, VRNT has fluctuated by 1.73% over the past month.
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Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that VRNT’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 6.86, with the price of VRNT currently trading nearly -4.49% and -3.01% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.15, while the 7-day volatility ratio is showing 4.99% which for the 30-day chart, stands at 4.06%. Furthermore, Verint Systems, Inc. (VRNT)’s beta value is 1.27, and its average true range (ATR) is 1.42.
A comparison of Verint Systems, Inc. (VRNT) with its peers suggests the former has fared considerably weaker in the market. VRNT showed an intraday change of -3.35% in last session, and over the past year, it shrunk by -6.99%%.
Data on historical trading for Verint Systems, Inc. (NASDAQ:VRNT) indicates that the trading volumes over the past 3 months, they’ve averaged 753.89K. According to company’s latest data on outstanding shares, there are 62.74 million shares outstanding.
Nearly 1.85% of Verint Systems, Inc.’s shares belong to company insiders and institutional investors own 101.59% of the company’s shares. The stock has risen by 19.61% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the VRNT stock heading into the next quarter.
