Veritone Inc (NASDAQ:VERI) price on current trading day, fall -0.60% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $3.34.
A look at the stock’s price movement, the level at last check in today’s session was $3.36, moving within a range at $3.18 and $3.7299. The beta value (5-Year monthly) was 3.331. Turning to its 52-week performance, $7.76 and $1.48 were the 52-week high and 52-week low respectively. Overall, VERI moved 22.34% over the past month.
Veritone Inc’s market cap currently stands at around $127.96 million, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 22.29M for the company’s revenue for the quarter, with a low and high estimate of 22.29M and 22.29M respectively. The average forecast suggests down to a -35.67% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 106.91M, representing a -16.19% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that VERI is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 25% Sell category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 0 recommend VERI as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Sell which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
VERI’s current price about 29.56% and 10.48% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 65.76, while 7-day volatility ratio is 13.57% and 9.34% in the 30-day chart. Further, Veritone Inc (VERI) has a beta value of 3.23, and an average true range (ATR) of 0.29. Analysts have given the company’s stock an average 52-week price target of $3.5, forecast between a low of $3.5 and high of $3.5. Looking at the price targets, the low is -4.79% off recent price level in today’s trading while to achieve the yearly target high, it has to move -4.79%. Nonetheless, investors will most likely welcome a -4.79% jump to $3.5 which is the analysts’ median price.
If we refocus on Veritone Inc (NASDAQ:VERI), historical trading data shows that trading volumes averaged 1.46 over the past 10 days and 944.86K over the past 3 months. The company’s latest data on shares outstanding shows there are 38.21 million shares.
The 11.39% of Veritone Inc’s shares are in the hands of company insiders while institutional holders own 21.20% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 5.14 million on 2024-10-31, giving us a short ratio of 4.98. The data shows that as of 2024-10-31 short interest in Veritone Inc (VERI) stood at 1547.9999999999998 of shares outstanding, with shares short rising to 5.03 million registered in 2024-09-30. Current price change has pushed the stock 84.53% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the VERI stock continues to rise going into the next quarter.
