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In the latest session, Veritone Inc (NASDAQ: VERI) closed at $4.17 down -6.50% from its previous closing price of $4.46. In other words, the price has decreased by -$6.50 from its previous closing price. On the day, 0.53 million shares were traded. VERI stock price reached its highest trading level at $4.51 during the session, while it also had its lowest trading level at $4.12.
Ratios:
For a deeper understanding of Veritone Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.78 and its Current Ratio is at 0.78.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, ROTH MKM on February 01, 2024, Upgraded its rating to Neutral and sets its target price to $1.85 from $2 previously.
On August 09, 2023, ROTH MKM Downgraded its rating to Sell which previously was Neutral and also lowered its target price recommendation from $3.50 to $2.
ROTH MKM Downgraded its Buy to Neutral on June 01, 2023, whereas the target price for the stock was revised from $8 to $3.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Nov 17 ’23 when Steelberg Ryan bought 49,752 shares for $2.05 per share. The transaction valued at 101,992 led to the insider holds 215,174 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 158789008 and an Enterprise Value of 256420176. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.20. Its current Enterprise Value per Revenue stands at 1.943 whereas that against EBITDA is -6.324.
Stock Price History:
Over the past 52 weeks, VERI has reached a high of $7.76, while it has fallen to a 52-week low of $1.48. The 50-Day Moving Average of the stock is 19.89%, while the 200-Day Moving Average is calculated to be 35.85%.
Shares Statistics:
For the past three months, VERI has traded an average of 761.44K shares per day and 1320760 over the past ten days. A total of 37.19M shares are outstanding, with a floating share count of 32.35M. Insiders hold about 15.05% of the company’s shares, while institutions hold 23.13% stake in the company. Shares short for VERI as of 1727654400 were 5028976 with a Short Ratio of 6.60, compared to 1724976000 on 5033336. Therefore, it implies a Short% of Shares Outstanding of 5028976 and a Short% of Float of 15.15.
