In last trading session, Veritone Inc (NASDAQ:VERI) saw 0.6 million shares changing hands with its beta currently measuring 3.05. Company’s recent per share price level of $3.22 trading at -$0.05 or -1.53% at ring of the bell on the day assigns it a market valuation of $121.39M. That closing price of VERI’s stock is at a discount of -140.99% from its 52-week high price of $7.76 and is indicating a premium of 54.04% from its 52-week low price of $1.48. Taking a look at company’s average trading volume volume of 2.66 million if we extend that period to 3-months.
Veritone Inc (NASDAQ:VERI) trade information
Upright in the red during last session for losing -1.53%, in the last five days VERI remained trading in the red while hitting it’s week-highest on Monday, 04/29/24 when the stock touched $3.22 price level, adding 15.71% to its value on the day. Veritone Inc’s shares saw a change of 77.90% in year-to-date performance and have moved -9.55% in past 5-day. Veritone Inc (NASDAQ:VERI) showed a performance of -46.69% in past 30-days.
Veritone Inc (VERI) estimates and forecasts
Statistics highlight that Veritone Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 29.32% of value to its shares in past 6 months, showing an annual growth rate of 62.38% while that of industry is 19.30. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to increase by 23.10% in the current quarter and calculating 74.30% increase in the next quarter. This year revenue growth is estimated to rise 5.10% from the last financial year’s standing.
1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $30.7 million for the same. And 1 analysts are in estimates of company making revenue of $29.9 million in the next quarter that will end on Jun 2024. Company posted $29.79 million and $29.07 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 3.10% while estimating it to be 2.90% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 14.51% during past 5 years.
VERI Dividends
Veritone Inc is more likely to be releasing its next quarterly report in June and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
