Veritone Inc (NASDAQ:VERI) does about 655.61K shares in volume on a normal day but saw 1394978 shares change hands in the recent trading day. The company now has a market cap of 142.04M USD. Its current market price is $3.73, marking a decrease of -7.90% compared to the previous close of $4.05. 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 $3.59 and the current price is -51.93% off the 52-week high compared with 152.03% distance from its 52-week low. The 50-day simple moving average of the closing price is $3.19 and its 200-day simple moving average is $2.97. If we look at the stock’s price movements over the week, volatility stands at 11.17%, which decreases to 9.95% 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 55.17 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 6.75% over the period.
FactSet Research has provided data showing that 1 brokerages have issued ratings for the stock. 1 analysts have rated it as a sell, while 0 advise that it is a overweight. 0 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Sell and Wall Street’s advice is for investors to Hold the stock.
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.
The current price level is 5.23%, 17.61%, and 25.80% away from its SMA20, SMA50, and SMA200 respectively, with the VERI price moving below the 50-day SMA on current market day. Veritone Inc (VERI) stock is up 3.90% over the week and 30.19% over the past month. Its price is 106.08% year-to-date and 67.26% over the past year.
The stock last released its quarterly earnings report for quarter ended 3/31/2024, with the company’s earnings per share (EPS) of -0.35 below consensus estimates by -0.1. The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year. Expected sales for next quarter are $37.9M, which analysts say will come at $137.9M for the current fiscal year and next year at $141.3M. In addition, estimates put the company’s current quarterly revenue at an average of $31M.
To reach the target analysts have set, the stock logically needs to grow 6.75 percent from here.
The company has a return on investment of -46.53% and return on equity of -358.49%. The beta has a value of 3.31. Price to sales ratio is 1.08.
