The stock price of Veritone Inc (NASDAQ: VERI) has dropped by -8.56 compared to previous close of 2.92. Despite this, the company has seen a fall of -16.04% in its stock price over the last five trading days. businesswire.com reported 2024-11-19 that DENVER–(BUSINESS WIRE)–Veritone, Inc. (NASDAQ: VERI), a leader in building human-centered enterprise AI solutions, announced that Ryan Steelberg, President and Chief Executive Officer, and Mike Zemetra, Chief Financial Officer, will be presenting at Needham’s 6th Annual Virtual Infrastructure, Data Analytics Software, and Cloud Communications Conference on Wednesday, November 20, 2024 at 1:30 PM ET / 10:30 AM PT. The presentation will be followed by a 15 minute moderated Q&A session. A li.
Is It Worth Investing in Veritone Inc (NASDAQ: VERI) Right Now?
The stock has a 36-month beta value of 3.29. Opinions on the stock are mixed, with 3 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 1 as “sell.”
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The public float for VERI is 32.49M, and at present, short sellers hold a 15.81% of that float. On November 21, 2024, the average trading volume of VERI was 748.31K shares.
VERI’s Market Performance
VERI’s stock has seen a -16.04% decrease for the week, with a -37.03% drop in the past month and a -18.35% fall in the past quarter. The volatility ratio for the week is 7.02%, and the volatility levels for the past 30 days are at 10.39% for Veritone Inc The simple moving average for the past 20 days is -18.87% for VERI’s stock, with a -18.40% simple moving average for the past 200 days.
Analysts’ Opinion of VERI
Many brokerage firms have already submitted their reports for VERI stocks, with UBS repeating the rating for VERI by listing it as a “Neutral.” The predicted price for VERI in the upcoming period, according to UBS is $3.50 based on the research report published on October 30, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see VERI reach a price target of $3.50. The rating they have provided for VERI stocks is “Neutral” according to the report published on October 30th, 2024.
ROTH MKM gave a rating of “Neutral” to VERI, setting the target price at $1.85 in the report published on February 01st of the current year.
VERI Trading at -26.65% 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 -65.59% of loss for the given period.
Volatility was left at 10.39%, however, over the last 30 days, the volatility rate increased by 7.02%, as shares sank -21.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.30% lower at present.
During the last 5 trading sessions, VERI fell by -16.04%, which changed the moving average for the period of 200-days by +49.16% in comparison to the 20-day moving average, which settled at $3.29. In addition, Veritone Inc saw 47.51% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for VERI
Current profitability levels for the company are sitting at:
- -0.61 for the present operating margin
- 0.66 for the gross margin
The net margin for Veritone Inc stands at -0.48. The total capital return value is set at -0.83. Equity return is now at value -358.49, with -16.60 for asset returns.
Based on Veritone Inc (VERI), the company’s capital structure generated 1.39 points at debt to capital in total, while cash flow to debt ratio is standing at -0.58. The debt to equity ratio resting at -3.58. The interest coverage ratio of the stock is -5.91.
Currently, EBITDA for the company is -31.56 million with net debt to EBITDA at -2.79. When we switch over and look at the enterprise to sales, we see a ratio of 1.52. The receivables turnover for the company is 3.82for trailing twelve months and the total asset turnover is 0.35. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.66.
Conclusion
To sum up, Veritone Inc (VERI) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as 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.
