Veritone Inc (NASDAQ:VERI) shares, rose in value on Thursday, February 13, with the stock price up by 10.83% to the previous day’s close as strong demand from buyers drove the stock to $3.73.
Actively observing the price movement in the last trading, the stock closed the session at $3.37. Referring to stock’s 52-week performance, its high was $7.76, and the low was $1.65. On the whole, VERI has fluctuated by 35.33% over the past month.
With the market capitalization of Veritone Inc currently standing at about $166.56 million, investors are eagerly awaiting this quarter’s results, scheduled for in March.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 107.42M, with a low estimate of 22.29M and a high estimate of 23.3M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 22.79M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that VERI’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% Sell while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of VERI currently trading nearly 18.12% and 26.58% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 63.16, while the 7-day volatility ratio is showing 9.69% which for the 30-day chart, stands at 8.82%. Furthermore, Veritone Inc (VERI)’s beta value is 3.42, and its average true range (ATR) is 0.30.
A comparison of Veritone Inc (VERI) with its peers suggests the former has fared considerably weaker in the market. VERI showed an intraday change of 10.83% in last session, and over the past year, it grew by 87.69%%.
Data on historical trading for Veritone Inc (NASDAQ:VERI) indicates that the trading volumes over the past 3 months, they’ve averaged 999.45K. According to company’s latest data on outstanding shares, there are 38.21 million shares outstanding.
Nearly 21.35% of Veritone Inc’s shares belong to company insiders and institutional investors own 25.38% of the company’s shares. The stock has risen by 13.87% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the VERI stock heading into the next quarter.
