Market Watch: Veritone Inc (VERI)’s Noteworthy Gain, Closing at 2.63

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As of close of business last night, Veritone Inc’s stock clocked out at $2.63, up 1.54% from its previous closing price of $2.59. In other words, the price has increased by $1.54 from its previous closing price. On the day, 1.39 million shares were traded. VERI stock price reached its highest trading level at $2.8 during the session, while it also had its lowest trading level at $2.6.

Ratios:

To gain a deeper understanding of VERI’s stock, we examine 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.

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 100759248 and an Enterprise Value of 205965584. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.86. Its current Enterprise Value per Revenue stands at 1.561 whereas that against EBITDA is -5.08.

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 -23.25%, while the 200-Day Moving Average is calculated to be -20.36%.

Shares Statistics:

It appears that VERI traded 745.98K shares on average per day over the past three months and 586730 shares per day over the past ten days. A total of 38.21M shares are outstanding, with a floating share count of 32.56M. Insiders hold about 15.04% of the company’s shares, while institutions hold 21.20% stake in the company. Shares short for VERI as of 1730332800 were 5137399 with a Short Ratio of 6.80, compared to 1727654400 on 5028976. Therefore, it implies a Short% of Shares Outstanding of 5137399 and a Short% of Float of 15.479999999999999.

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