During the recent session, Veritone Inc (NASDAQ:VERI)’s traded shares were 2.22 million, with the beta value of the company hitting 2.94. At the last check today, the stock’s price was $7.53, reflecting an intraday gain of 16.67% or $1.08. The 52-week high for the VERI share is $6.99, that puts it up 7.17 from that peak though still a striking 80.35% gain since the share price plummeted to a 52-week low of $1.48. The company’s market capitalization is $279.40M, and the average intraday trading volume over the past 10 days was 4.6 million shares, and the average trade volume was 2.26 million shares over the past three months.
Veritone Inc (NASDAQ:VERI) trade information
Veritone Inc (VERI) registered a 16.67% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 16.67% in intraday trading to $7.53, hitting a weekly high. The stock’s 5-day price performance is 30.64%, and it has moved by 281.98% in 30 days. Based on these gigs, the overall price performance for the year is 27.54%. The short interest in Veritone Inc (NASDAQ:VERI) is 6.2 million shares and it means that shorts have 1.88 day(s) to cover.
Veritone Inc (VERI) estimates and forecasts
Statistics show that Veritone Inc has outperformed its competitors in share price, compared to the industry in which it operates. Veritone Inc (VERI) shares have gone up 221.58% during the last six months, with a year-to-date growth rate more than the industry average at 64.36% against 17.60. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 19.20% this quarter and then jump 71.40% in the quarter after that. In the rating firms’ projections, revenue will increase 6.50% compared to the previous financial year.
Revenue for the current quarter is expected to be $30.71 million as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to $30.25 million by the end of Jun 2024. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $29.79 million and $29.07 million respectively. In this case, analysts expect current quarter sales to grow by 3.10% and then jump by 4.10% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 14.51%. While earnings are projected to return 64.85% in 2024.
VERI Dividends
Veritone Inc is due to release its next quarterly earnings between April 30 and May 06. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Veritone Inc (NASDAQ:VERI)’s Major holders
Veritone Inc insiders own 14.68% of total outstanding shares while institutional holders control 37.17%, with the float percentage being 43.56%. Vanguard Group Inc is the largest shareholder of the company, while 95 institutions own stock in it. As of Jun 29, 2023, the company held over 2.46 million shares (or 6.65% of all shares), a total value of $9.64 million in shares.
The next largest institutional holding, with 2.34 million shares, is of Banta Asset Management, LP’s that is approximately 6.33% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $9.18 million.
Also, the Mutual Funds coming in first place with the largest holdings of Veritone Inc (VERI) shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. Data provided on Jun 29, 2023 indicates that Vanguard Total Stock Market Index Fund owns about 1.14 million shares. This amounts to just over 3.07 percent of the company’s overall shares, with a $4.46 million market value. The same data shows that the other fund manager holds slightly less at 0.69 million, or about 1.87% of the stock, which is worth about $2.12 million.
