Verint Systems, Inc. (NASDAQ: VRNT) has seen a rise in its stock price by 0.54 in relation to its previous close of 34.97. However, the company has experienced a -5.56% decline in its stock price over the last five trading sessions. businesswire.com reported 2024-06-19 that MELVILLE, N.Y.–(BUSINESS WIRE)– #AI–Verint® (NASDAQ: VRNT), The CX Automation Company™, today announced that a leading financial services brand selected the Verint Open Platform to support its contact center made up of 1,800 agents. The brand evaluated multiple vendors and awarded Verint the contract based on its open approach and ability to deliver tangible AI business outcomes. The Verint Open Platform will consolidate siloed behavioral data into a unified hub within the platform’s core. In addi.
Is It Worth Investing in Verint Systems, Inc. (NASDAQ: VRNT) Right Now?
The price-to-earnings ratio for Verint Systems, Inc. (NASDAQ: VRNT) is 74.22x, which is above its average ratio. Moreover, the 36-month beta value for VRNT is 1.29. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 2 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for VRNT is 60.20M and currently, short sellers hold a 4.88% of that float. On June 20, 2024, VRNT’s average trading volume was 654.45K shares.
VRNT’s Market Performance
VRNT stock saw an increase of -5.56% in the past week, with a monthly gain of 8.89% and a quarterly increase of 11.73%. The volatility ratio for the week is 3.11%, and the volatility levels for the last 30 days are 3.66% for Verint Systems, Inc. (VRNT). The simple moving average for the last 20 days is 6.47% for VRNT stock, with a simple moving average of 26.30% for the last 200 days.
Analysts’ Opinion of VRNT
Evercore ISI, on the other hand, stated in their research note that they expect to see VRNT reach a price target of $28, previously predicting the price at $50. The rating they have provided for VRNT stocks is “In-line” according to the report published on September 07th, 2023.
Jefferies gave a rating of “Hold” to VRNT, setting the target price at $40 in the report published on January 05th of the previous year.
VRNT Trading at 10.75% from the 50-Day Moving Average
After a stumble in the market that brought VRNT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -12.72% of loss for the given period.
Volatility was left at 3.66%, however, over the last 30 days, the volatility rate increased by 3.11%, as shares surge +10.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.54% upper at present.
During the last 5 trading sessions, VRNT fell by -5.43%, which changed the moving average for the period of 200-days by +10.76% in comparison to the 20-day moving average, which settled at $33.20. In addition, Verint Systems, Inc. saw 30.08% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at VRNT starting from FANTE PETER, who sale 4,417 shares at the price of $36.60 back on Jun 13 ’24. After this action, FANTE PETER now owns 98,975 shares of Verint Systems, Inc., valued at $161,662 using the latest closing price.
BODNER DAN, the Chairman & CEO of Verint Systems, Inc., sale 6,096 shares at $36.11 during a trade that took place back on Jun 11 ’24, which means that BODNER DAN is holding 985,652 shares at $220,127 based on the most recent closing price.
Stock Fundamentals for VRNT
Current profitability levels for the company are sitting at:
- 0.11 for the present operating margin
- 0.7 for the gross margin
The net margin for Verint Systems, Inc. stands at 0.06. The total capital return value is set at 0.06. Equity return is now at value 4.03, with 2.28 for asset returns.
Based on Verint Systems, Inc. (VRNT), the company’s capital structure generated 0.25 points at debt to capital in total, while cash flow to debt ratio is standing at 0.36. The debt to equity ratio resting at 0.33. The interest coverage ratio of the stock is 9.79.
Currently, EBITDA for the company is 164.91 million with net debt to EBITDA at 1.25. When we switch over and look at the enterprise to sales, we see a ratio of 2.59. The receivables turnover for the company is 4.02for trailing twelve months and the total asset turnover is 0.42. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.34.
Conclusion
To wrap up, the performance of Verint Systems, Inc. (VRNT) has been mixed in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
