Veritone Inc (NASDAQ:VERI) has a beta value of 3.17 and has seen 0.63 million shares traded in the recent trading session. The company, currently valued at $160.23M, closed the recent trade at $3.79 per share which meant it gained $0.26 on the day or 7.40% during that session. The VERI stock price is -104.75% off its 52-week high price of $7.76 and 60.95% 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 1.97 million shares traded. The 3-month trading volume is 1.10 million 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 -0.15.
Veritone Inc (NASDAQ:VERI) trade information
Sporting 7.40% in the green today, 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 $3.79 or saw a rise of 7.56%. Year-to-date, Veritone Inc shares have moved 15.59%, while the 5-day performance has seen it change 7.40%. Over the past 30 days, the shares of Veritone Inc (NASDAQ:VERI) have changed 44.15%. Short interest in the company has seen 5.14 million shares shorted with days to cover at 4.98.
Wall Street analysts have a consensus price target for the stock at $3.5, which means that the shares’ value could drop -8.29% from the levels at last check today. The projected low price target is $3.5 while the price target rests at a high of $3.5. In that case, then, we find that the latest price level in today’s session is 7.65% off the targeted high while a plunge would see the stock lose 7.65% from the levels at last check today.
Veritone Inc (VERI) estimates and forecasts
The company’s shares have gained 36.37% over the past 6 months. Revenue growth from the last financial year stood is estimated to be -16.19%.
1 analysts offering their estimates for the company have set an average revenue estimate of 22.29M for the current quarter. 1 have an estimated revenue figure of 26.62M for the next ending quarter. Year-ago sales stood 34.65M and 31.64M respectively for this quarter and the next, and analysts expect sales will shrink by -35.67% for the current quarter and -16.19% 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 February 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 13.78% of the company shares, while shares held by institutions stand at 31.10% with a share float percentage of 36.07%. Investors are also buoyed by the number of investors in a company, with Veritone Inc having a total of 93.0 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.
