The stock of Veritone Inc (VERI) has gone down by -10.67% for the week, with a 11.41% rise in the past month and a -30.07% drop in the past quarter. The volatility ratio for the week is 16.71%, and the volatility levels for the past 30 days are 14.32% for VERI. The simple moving average for the past 20 days is 2.41% for VERI’s stock, with a -11.88% simple moving average for the past 200 days.
Is It Worth Investing in Veritone Inc (NASDAQ: VERI) Right Now?
Moreover, the 36-month beta value for VERI is 3.17. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for VERI is 34.59M and currently, short sellers hold a 14.18% of that float. On January 10, 2025, VERI’s average trading volume was 1.10M shares.
VERI) stock’s latest price update
Veritone Inc (NASDAQ: VERI) has experienced a decline in its stock price by -13.06 compared to its previous closing price of 3.37. However, the company has seen a fall of -10.67% in its stock price over the last five trading days. businesswire.com reported 2025-01-09 that DENVER–(BUSINESS WIRE)–Veritone, Inc. (NASDAQ: VERI), a leader in building human-centered enterprise AI solutions, today announced a significant enhancement to its Veritone Contact solution with Contact Analytics, an advanced tool that transforms how law enforcement agencies access and analyze stop data. Built on Veritone’s aiWARETM enterprise AI platform, this solution empowers agencies with swift, comprehensive analytics and reporting capabilities. Veritone Contact simplifies the collection.
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 previous 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 previous year.
VERI Trading at -1.11% 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 -62.24% of loss for the given period.
Volatility was left at 14.32%, however, over the last 30 days, the volatility rate increased by 16.71%, as shares surge +10.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -15.56% lower at present.
During the last 5 trading sessions, VERI fell by -10.67%, which changed the moving average for the period of 200-days by -39.84% in comparison to the 20-day moving average, which settled at $2.86. In addition, Veritone Inc saw -10.67% in overturn over a single year, with a tendency to cut further losses.
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 2.2. 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 wrap up, the performance of Veritone Inc (VERI) has been mixed in recent times. The stock has received a mixed 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.
