The stock of Veritone Inc (VERI) has seen a 6.54% increase in the past week, with a -7.51% drop in the past month, and a -30.25% decrease in the past quarter. The volatility ratio for the week is 9.07%, and the volatility levels for the past 30 days are at 7.70% for VERI. The simple moving average for the last 20 days is 0.49% for VERI stock, with a simple moving average of -24.01% for the last 200 days.
Is It Worth Investing in Veritone Inc (NASDAQ: VERI) Right Now?
The 36-month beta value for VERI is at 3.26. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for VERI is 33.95M, and currently, shorts hold a 13.74% of that float. The average trading volume for VERI on December 24, 2024 was 844.23K shares.
VERI) stock’s latest price update
Veritone Inc (NASDAQ: VERI)’s stock price has increased by 9.31 compared to its previous closing price of 2.31. However, the company has seen a 6.54% increase in its stock price over the last five trading sessions. businesswire.com reported 2024-12-12 that DENVER–(BUSINESS WIRE)–Veritone, Inc. (NASDAQ: VERI), a leader in building human-centered enterprise AI solutions, today announced the renewal of its longstanding exclusive global licensing agreement with CBS News. The multi-year contract renewal solidifies Veritone’s position as a premier provider of content licensing solutions for broadcast networks and expands the partnership to include exclusive local news content from CBS Owned Stations. For over a decade, CBS News and Veritone’s licensi.
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 -17.52% 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 -67.46% of loss for the given period.
Volatility was left at 7.70%, however, over the last 30 days, the volatility rate increased by 9.07%, as shares sank -12.73% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -43.40% lower at present.
During the last 5 trading sessions, VERI rose by +1.27%, which changed the moving average for the period of 200-days by +30.08% in comparison to the 20-day moving average, which settled at $2.51. In addition, Veritone Inc saw 39.50% 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 Chad, who sale 504,657 shares at the price of $2.52 back on Dec 13 ’24. After this action, Steelberg Chad now owns 31,861 shares of Veritone Inc, valued at $1,269,212 using the latest closing price.
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 1.22 points at debt to capital in total, while cash flow to debt ratio is standing at -0.37. The debt to equity ratio resting at -5.61. 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 -6.42. When we switch over and look at the enterprise to sales, we see a ratio of 1.91. 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
In conclusion, Veritone Inc (VERI) has had a mixed performance lately. Opinion on the stock among analysts is mixed, 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.
