Verint Systems, Inc. (NASDAQ: VRNT) has a higher price-to-earnings ratio of 69.96x compared to its average ratio, The 36-month beta value for VRNT is at 1.27. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 2 rating it as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for VRNT is 60.47M, and currently, shorts hold a 5.65% of that float. The average trading volume for VRNT on August 23, 2024 was 755.38K shares.
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VRNT) stock’s latest price update
The stock of Verint Systems, Inc. (NASDAQ: VRNT) has increased by 2.03 when compared to last closing price of 32.48.Despite this, the company has seen a gain of 1.04% in its stock price over the last five trading days. businesswire.com reported 2024-08-19 that MELVILLE, N.Y.–(BUSINESS WIRE)–Verint® (NASDAQ: VRNT) will conduct a conference call on Wednesday, September 4, 2024 at 4:30 p.m. ET to review its second quarter financial results (for the quarter ended July 31, 2024) and discuss its outlook. An earnings press release will be issued after the market closes on September 4th. A real-time webcast of the conference call with presentation slides will be available on Verint’s Investor Relations webcast page. Participants may register for the call h.
VRNT’s Market Performance
VRNT’s stock has risen by 1.04% in the past week, with a monthly drop of -6.54% and a quarterly rise of 7.39%. The volatility ratio for the week is 2.15% while the volatility levels for the last 30 days are 3.73% for Verint Systems, Inc. The simple moving average for the last 20 days is -0.30% for VRNT’s stock, with a simple moving average of 9.80% 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 -0.46% 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 -13.18% of loss for the given period.
Volatility was left at 3.73%, however, over the last 30 days, the volatility rate increased by 2.15%, as shares sank -6.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.04% lower at present.
During the last 5 trading sessions, VRNT rose by +0.98%, which changed the moving average for the period of 200-days by +58.77% in comparison to the 20-day moving average, which settled at $33.13. In addition, Verint Systems, Inc. saw 22.60% 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 BODNER DAN, who sale 375,000 shares at the price of $33.76 back on Jun 20 ’24. After this action, BODNER DAN now owns 609,764 shares of Verint Systems, Inc., valued at $12,660,000 using the latest closing price.
BODNER DAN, the Chairman & CEO of Verint Systems, Inc., sale 14,277 shares at $35.04 during a trade that took place back on Jun 18 ’24, which means that BODNER DAN is holding 984,764 shares at $500,266 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 2.47. 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
In conclusion, Verint Systems, Inc. (VRNT) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. 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.
