More To Go Or Is It Over? – Veritone Inc (VERI)

Veritone Inc (NASDAQ:VERI) does about 2.85M shares in volume on a normal day but saw 1230565 shares change hands in Friday’s trading. The company now has a market cap of 118.76M USD. Its current market price is $3.15, marking a decrease of -12.74% compared to the previous close of $3.61. The 52 week high reached by this stock is $7.76 whilst the lowest price level in 52 weeks is $1.48.

Veritone Inc (VERI) has a 20-day trading average at $3.60 and the current price is -59.41% off the 52-week high compared with 112.84% distance from its 52-week low. The 50-day simple moving average of the closing price is $3.98 and its 200-day simple moving average is $2.78. If we look at the stock’s price movements over the week, volatility stands at 19.10%, which decreases to 14.15% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 40.33 to suggest the stock is neutral.

The consensus objective for the share price is $4.00, suggesting that the stock has a potential upside of 21.25% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on February 01, 2024 when ROTH MKM upgraded the stock to “Neutral” and issued a price target of between $2 and $1.85. ROTH MKM downgraded the stock to “Sell” from Neutral on August 09, 2023 at a price target of $3.50-$2. ROTH MKM downgraded its price target at $8-$3.

Veritone Inc (VERI) stock is down -6.25% over the week and -33.26% over the past month. Its price is 74.03% year-to-date and -25.00% over the past year.

To reach the target analysts have set, the stock logically needs to grow 21.25 percent from here.

The company has a return on investment of -40.68% and return on equity of -161.04%. The beta has a value of 3.34. Price to book ratio is 7.97 and price to sales ratio is 0.92.