For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
After finishing at $2.77 in the prior trading day, Veritone Inc (NASDAQ: VERI) closed at $2.76, down -0.36%. In other words, the price has decreased by -$0.36 from its previous closing price. On the day, 0.56 million shares were traded. VERI stock price reached its highest trading level at $2.985 during the session, while it also had its lowest trading level at $2.755.
Ratios:
Our goal is to gain a better understanding of VERI by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.66 and its Current Ratio is at 0.66.
On October 30, 2024, UBS started tracking the stock assigning a Neutral rating and target price of $3.50.
ROTH MKM Upgraded its Sell to Neutral on February 01, 2024, whereas the target price for the stock was revised from $2 to $1.85.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 13 ’24 when Steelberg Chad sold 504,657 shares for $2.52 per share. The transaction valued at 1,269,212 led to the insider holds 31,861 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, VERI now has a Market Capitalization of 123081368 and an Enterprise Value of 205965584. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.04. Its current Enterprise Value per Revenue stands at 1.561 whereas that against EBITDA is -5.08.
Stock Price History:
The Beta on a monthly basis for VERI is 3.18, which has changed by 0.63421834 over the last 52 weeks, in comparison to a change of 0.23147523 over the same period for the S&P500. Over the past 52 weeks, VERI has reached a high of $7.76, while it has fallen to a 52-week low of $1.56. The 50-Day Moving Average of the stock is -5.26%, while the 200-Day Moving Average is calculated to be -15.92%.
Shares Statistics:
The stock has traded on average 1.02M shares per day over the past 3-months and 1647460 shares per day over the last 10 days, according to various share statistics. A total of 38.21M shares are outstanding, with a floating share count of 34.59M. Insiders hold about 22.45% of the company’s shares, while institutions hold 25.95% stake in the company. Shares short for VERI as of 1730332800 were 5137399 with a Short Ratio of 5.36, compared to 1727654400 on 5028976. Therefore, it implies a Short% of Shares Outstanding of 5137399 and a Short% of Float of 15.479999999999999.
