Veritone Inc (NASDAQ:VERI)’s traded shares stood at 0.85 million during the latest session, with the company’s beta value hitting 3.25. At the last check today, the stock’s price was $2.67, to imply an increase of 3.28% or $0.08 in intraday trading. The VERI share’s 52-week high remains $7.76, putting it -190.64% down since that peak but still an impressive 44.57% since price per share fell to its 52-week low of $1.48. The company has a valuation of $102.49M, with an average of 0.5 million shares in intraday trading volume over the past 10 days and average of 745.98K shares over the past 3 months.
Analysts have given a consensus recommendation of Sell for Veritone Inc (VERI), translating to a mean rating of 3.00. Of 1 analyst(s) looking at the stock, 1 analyst(s) give VERI a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 0 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.15.
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Veritone Inc (NASDAQ:VERI) trade information
After registering a 3.28% upside in the latest session, Veritone Inc (VERI) has traded red over the past five days. The 5-day price performance for the stock is 1.33%, and -20.27% over 30 days. With these gigs, the year-to-date price performance is 47.79%. Short interest in Veritone Inc (NASDAQ:VERI) saw shorts transact 5.14 million shares and set a 4.98 days time to cover.
The extremes give us $3.5 and $3.5 for target low and target high price respectively. As such, VERI has been trading -31.09% off suggested target high and -31.09% from its likely low.
Veritone Inc (VERI) estimates and forecasts
The rating firms project that company’s revenue will shrink -16.19% compared to the previous financial year.
Revenue forecast for the current quarter as set by 1 analysts is 22.29M. Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 26.62M.Earnings reports from the last fiscal year show that sales brought in 34.65M and 31.64M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -35.67% before dropping -15.84% in the following quarter.
VERI Dividends
Veritone Inc has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Veritone Inc (NASDAQ:VERI)’s Major holders
Veritone Inc insiders hold 13.78% of total outstanding shares, with institutional holders owning 31.10% of the shares at 36.07% float percentage. In total, 31.10% institutions holds shares in the company, led by PRIVATE MANAGEMENT GROUP INC. As of 2024-06-30, the company held over 2.44 million shares (or 6.5295% of shares), all amounting to roughly $5.51 million.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 1.55 million shares, or about 4.1475% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $3.5 million.
