Veritone Inc (NASDAQ:VERI) has a beta value of 3.30 and has seen 4.44 million shares traded in the last trading session. The company, currently valued at $157.27M, closed the last trade at $4.13 per share which meant it lost -$0.49 on the day or -10.61% during that session. The VERI stock price is -87.89% off its 52-week high price of $7.76 and 64.16% above the 52-week low of $1.48. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.23 million shares traded. The 3-month trading volume is 707.31K shares.
The consensus among analysts is that Veritone Inc (VERI) is Sell stock at the moment, with a recommendation rating of 3.00. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 0 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.
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Veritone Inc (NASDAQ:VERI) trade information
Sporting -10.61% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the VERI stock price touched $4.13 or saw a rise of 26.77%. Year-to-date, Veritone Inc shares have moved 128.18%, while the 5-day performance has seen it change 1.98%. Over the past 30 days, the shares of Veritone Inc (NASDAQ:VERI) have changed 22.55%. Short interest in the company has seen 5.03 million shares shorted with days to cover at 10.2.
Veritone Inc (VERI) estimates and forecasts
The company’s shares have lost -15.02% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 8.10%.
1 analysts offering their estimates for the company have set an average revenue estimate of 31M for the current quarter. 1 have an estimated revenue figure of 37.9M for the next ending quarter. Year-ago sales stood 29.07M and 35.13M respectively for this quarter and the next, and analysts expect sales will grow by 6.60% for the current quarter and 8.10% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 14.51% over the past 5 years.
VERI Dividends
Veritone Inc is expected to release its next earnings report in November this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Veritone Inc (NASDAQ:VERI)’s Major holders
Insiders own 13.85% of the company shares, while shares held by institutions stand at 29.45% with a share float percentage of 34.19%. Investors are also buoyed by the number of investors in a company, with Veritone Inc having a total of 97.0 institutions that hold shares in the company. The top two institutional holders are PRIVATE MANAGEMENT GROUP INC with over 2.44 million shares worth more than $5.51 million. As of 2024-06-30, PRIVATE MANAGEMENT GROUP INC held 6.5295% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 1.55 million shares as of 2024-06-30. The firm’s total holdings are worth over $3.5 million and represent 4.1475% of shares outstanding.
