During the recent session, Veritone Inc (NASDAQ:VERI)’s traded shares were 1.68 million, with the beta value of the company hitting 3.18. At the last check today, the stock’s price was $3.29, reflecting an intraday gain of 0.15% or $0.01. The 52-week high for the VERI share is $7.76, that puts it down -135.87 from that peak though still a striking 55.02% gain since the share price plummeted to a 52-week low of $1.48. The company’s market capitalization is $125.85M, and the average intraday trading volume over the past 10 days was 1.84 million shares, and the average trade volume was 1.04 million shares over the past three months.
Veritone Inc (VERI) received a consensus recommendation of Sell from analysts. That translates to a mean rating of 3.00. VERI has a Sell rating from 1 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 0 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.15.
Veritone Inc (NASDAQ:VERI) trade information
Veritone Inc (VERI) registered a 0.15% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 0.15% in intraday trading to $3.29, hitting a weekly high. The stock’s 5-day price performance is 29.84%, and it has moved by 23.96% in 30 days. Based on these gigs, the overall price performance for the year is 80.49%. The short interest in Veritone Inc (NASDAQ:VERI) is 5.14 million shares and it means that shorts have 4.98 day(s) to cover.
The consensus price target of analysts on Wall Street is $3.5, which implies an increase of 6.0% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3.5 and $3.5 respectively. As a result, VERI is trading at a discount of -6.38% off the target high and -6.38% off the low.
Veritone Inc (VERI) estimates and forecasts
In the rating firms’ projections, revenue will decrease -16.19% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 22.29M as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 26.62M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 34.65M and 31.64M respectively. In this case, analysts expect current quarter sales to shrink by -35.67% and then drop by -15.84% 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 28.86% in 2025.
VERI Dividends
Veritone Inc is due to release its next quarterly earnings in February. 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 13.78% of total outstanding shares while institutional holders control 31.10%, with the float percentage being 36.07%. PRIVATE MANAGEMENT GROUP INC is the largest shareholder of the company, while 93.0 institutions own stock in it. As of 2024-06-30, the company held over 2.44 million shares (or 6.5295% of all shares), a total value of $5.51 million in shares.
The next largest institutional holding, with 1.55 million shares, is of VANGUARD GROUP INC’s that is approximately 4.1475% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $3.5 million.
