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After finishing at $3.53 in the prior trading day, Veritone Inc (NASDAQ: VERI) closed at $3.61, up 2.27%. In other words, the price has increased by $2.27 from its previous closing price. On the day, 0.7 million shares were traded. VERI stock price reached its highest trading level at $3.88 during the session, while it also had its lowest trading level at $3.45.
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 0.78 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:
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 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 137464832 and an Enterprise Value of 235095984. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.04. Its current Enterprise Value per Revenue stands at 1.782 whereas that against EBITDA is -5.798.
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 15.04%, while the 200-Day Moving Average is calculated to be 22.52%.
Shares Statistics:
The stock has traded on average 644.04K shares per day over the past 3-months and 348200 shares per day over the last 10 days, according to various share statistics. A total of 37.19M shares are outstanding, with a floating share count of 32.34M. Insiders hold about 15.06% of the company’s shares, while institutions hold 23.12% stake in the company. Shares short for VERI as of 1726185600 were 4977387 with a Short Ratio of 7.73, compared to 1723680000 on 5110804. Therefore, it implies a Short% of Shares Outstanding of 4977387 and a Short% of Float of 15.0.
