Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
The closing price of Veritone Inc (NASDAQ: VERI) was $3.66 for the day, down -4.94% from the previous closing price of $3.85. In other words, the price has decreased by -$4.94 from its previous closing price. On the day, 0.78 million shares were traded. VERI stock price reached its highest trading level at $3.9 during the session, while it also had its lowest trading level at $3.5201.
Ratios:
Our analysis of VERI’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.97 and its Current Ratio is at 0.97. In the meantime, Its Debt-to-Equity ratio is 3.75 whereas as Long-Term Debt/Eq ratio is at 3.54.
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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 135903856 and an Enterprise Value of 199517712. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.07 while its Price-to-Book (P/B) ratio in mrq is 3.57. Its current Enterprise Value per Revenue stands at 1.564 whereas that against EBITDA is -3.76.
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 3.48%, while the 200-Day Moving Average is calculated to be 29.46%.
Shares Statistics:
VERI traded an average of 2.58M shares per day over the past three months and 1939490 shares per day over the past ten days. A total of 37.19M shares are outstanding, with a floating share count of 32.21M. Insiders hold about 13.26% of the company’s shares, while institutions hold 37.24% stake in the company. Shares short for VERI as of 1711584000 were 5494421 with a Short Ratio of 2.13, compared to 1709164800 on 5337715. Therefore, it implies a Short% of Shares Outstanding of 5494421 and a Short% of Float of 20.78.
Earnings Estimates
The company has VERS analysts who recommend its stock at the moment. The consensus estimate for the next quarter is $40.49, with high estimates of $184.12 and low estimates of $1.31.
