In the latest trading session, 0.45 million Veritone Inc (NASDAQ:VERI) shares changed hands as the company’s beta touched 3.32. With the company’s most recent per share price at $3.98 changed hands at -$0.14 or -3.40% at last look, the market valuation stands at $151.56M. VERI’s current price is a discount, trading about -94.97% off its 52-week high of $7.76. The share price had its 52-week low at $1.48, which suggests the last value was 62.81% up since then. When we look at Veritone Inc’s average trading volume, we note the 10-day average is 1.2 million shares, with the 3-month average coming to 764.58K.
Analysts gave the Veritone Inc (VERI) stock a consensus recommendation rating of Sell, calculated at a mean rating of 3.00. If we narrow down to specifics, the data shows that 1 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended VERI as a Hold, 0 felt it is a Buy and 0 rated the stock as Underweight. Veritone Inc’s EPS for the current quarter is expected to be 0.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Veritone Inc (NASDAQ:VERI) trade information
Instantly VERI was in red as seen in intraday trades today. With action -4.10%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 119.89%, with the 5-day performance at -4.10% in the red. However, in the 30-day time frame, Veritone Inc (NASDAQ:VERI) is 16.72% up. Looking at the short shares, we see there were 5.03 million shares sold at short interest cover period of 10.2 days.
Veritone Inc (VERI) estimates and forecasts
Year-over-year growth is forecast to reach 8.10% up from the last financial year.
Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 31M. 1 analysts are of the opinion that Veritone Inc’s revenue for the current quarter will be 37.9M. The company’s revenue for the corresponding quarters a year ago was 29.07M and 35.13M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 6.60%. The estimates for the next quarter sales put growth at 7.90%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 14.51%.
VERI Dividends
Veritone Inc is expected to release its next quarterly earnings report on 2024-Aug-08.
Veritone Inc (NASDAQ:VERI)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 13.85% of Veritone Inc shares while 29.46% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 34.20%. There are 29.46% institutions holding the Veritone Inc stock share, with PRIVATE MANAGEMENT GROUP INC the top institutional holder. As of 2024-06-30, the company held 6.5295% of the shares, roughly 2.44 million VERI shares worth $5.51 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 4.1475% or 1.55 million shares worth $3.5 million as of 2024-06-30.
Among Mutual Funds, the top two as of Jun 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard Information Technology Index Fund. With 999.6 shares estimated at $3.87 million under it, the former controlled 2.63% of total outstanding shares. On the other hand, Vanguard Information Technology Index Fund held about 1.95% of the shares, roughly 742.41 shares worth around $2.88 million.
