Veritone Inc (NASDAQ:VERI) shares, rose in value on Thursday, April 16, with the stock price up by 1.89% to the previous day’s close as strong demand from buyers drove the stock to $2.16.
Actively observing the price movement in the last trading, the stock closed the session at $2.12, falling within a range of $2.105 and $2.235. The value of beta (5-year monthly) was 3.711. Referring to stock’s 52-week performance, its high was $5.64, and the low was $1.86. On the whole, VERI has fluctuated by -21.45% over the past month.
With the market capitalization of Veritone Inc currently standing at about $96.84 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Mar-12.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 110.31M, with a low estimate of 23.5M and a high estimate of 25.2M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 24.12M.
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 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of VERI currently trading nearly -8.48% and -18.23% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 41.87, while the 7-day volatility ratio is showing 7.91% which for the 30-day chart, stands at 9.40%. Furthermore, Veritone Inc (VERI)’s beta value is 3.00, and its average true range (ATR) is 0.22.
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 1.89% in last session, and over the past year, it shrunk by -50.63%%.
Data on historical trading for Veritone Inc (NASDAQ:VERI) indicates that the trading volumes over the past 10 days have averaged 0.46 and over the past 3 months, they’ve averaged 595.60K. According to company’s latest data on outstanding shares, there are 40.22 million shares outstanding.
Nearly 19.98% of Veritone Inc’s shares belong to company insiders and institutional investors own 24.98% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 5.13 million shares as on 2025-03-31, resulting in a short ratio of 11.91. According to the data, the short interest in Veritone Inc (VERI) stood at 1284.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 5.14 million. The stock has fallen by -34.15% 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.
