The stock price of Veritone Inc (NASDAQ: VERI) has jumped by 12.18 compared to previous close of 2.71. Despite this, the company has seen a fall of -0.98% in its stock price over the last five trading days. businesswire.com reported 2024-07-02 that DENVER–(BUSINESS WIRE)–Veritone, Inc. (NASDAQ: VERI), a leading global provider of digital asset management, licensing and metadata solutions, today announced a content licensing agreement with Tennis Australia, the governing body of tennis in Australia and host of the prestigious Australian Open, one of the sport’s four annual Grand Slam® tournaments. The agreement enables Veritone to license archival match footage from the Australian Open to content buyers in North America. Veritone’s exten.
Is It Worth Investing in Veritone Inc (NASDAQ: VERI) Right Now?
Moreover, the 36-month beta value for VERI is 3.33. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 1 as “sell.”
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The public float for VERI is 32.43M and currently, short sellers hold a 16.56% of that float. On July 23, 2024, VERI’s average trading volume was 774.14K shares.
VERI’s Market Performance
The stock of Veritone Inc (VERI) has seen a -0.98% decrease in the past week, with a 21.60% rise in the past month, and a -16.94% fall in the past quarter. The volatility ratio for the week is 12.38%, and the volatility levels for the past 30 days are at 10.72% for VERI. The simple moving average for the past 20 days is 12.71% for VERI’s stock, with a 11.65% simple moving average for the past 200 days.
Analysts’ Opinion of VERI
Many brokerage firms have already submitted their reports for VERI stocks, with ROTH MKM repeating the rating for VERI by listing it as a “Neutral.” The predicted price for VERI in the upcoming period, according to ROTH MKM is $1.85 based on the research report published on February 01, 2024 of the current year 2024.
ROTH MKM, on the other hand, stated in their research note that they expect to see VERI reach a price target of $2, previously predicting the price at $3.50. The rating they have provided for VERI stocks is “Sell” according to the report published on August 09th, 2023.
ROTH MKM gave a rating of “Neutral” to VERI, setting the target price at $3 in the report published on June 01st of the previous year.
VERI Trading at 7.18% from the 50-Day Moving Average
After a stumble in the market that brought VERI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -60.82% of loss for the given period.
Volatility was left at 10.72%, however, over the last 30 days, the volatility rate increased by 12.38%, as shares surge +26.67% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -18.50% lower at present.
During the last 5 trading sessions, VERI fell by -0.98%, which changed the moving average for the period of 200-days by +29.91% in comparison to the 20-day moving average, which settled at $2.73. In addition, Veritone Inc saw 67.96% 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 VERI starting from Steelberg Ryan, who purchase 49,752 shares at the price of $2.05 back on Nov 17 ’23. After this action, Steelberg Ryan now owns 215,174 shares of Veritone Inc, valued at $101,992 using the latest closing price.
Stock Fundamentals for VERI
Current profitability levels for the company are sitting at:
- -0.64 for the present operating margin
- 0.67 for the gross margin
The net margin for Veritone Inc stands at -0.44. The total capital return value is set at -0.51. Equity return is now at value -161.04, with -16.85 for asset returns.
Based on Veritone Inc (VERI), the company’s capital structure generated 0.91 points at debt to capital in total, while cash flow to debt ratio is standing at -0.42. The debt to equity ratio resting at 9.69. The interest coverage ratio of the stock is -14.75.
Currently, EBITDA for the company is -49.62 million with net debt to EBITDA at -1.13. When we switch over and look at the enterprise to sales, we see a ratio of 1.31. The receivables turnover for the company is 1.92for trailing twelve months and the total asset turnover is 0.36. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.87.
Conclusion
To wrap up, the performance of Veritone Inc (VERI) has been mixed in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
