After finishing at $1.85 in the prior trading day, Veritone Inc (NASDAQ: VERI) closed at $2.14, up 15.68%. In other words, the price has increased by $+0.2900 from its previous closing price. On the day, 656011 shares were traded.
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 0.87 and its Current Ratio is at 0.87. In the meantime, Its Debt-to-Equity ratio is 7.58 whereas as Long-Term Debt/Eq ratio is at 7.44.
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 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 79.46M and an Enterprise Value of 145.80M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.58 while its Price-to-Book (P/B) ratio in mrq is 4.24. Its current Enterprise Value per Revenue stands at 1.06 whereas that against EBITDA is -3.89.
Stock Price History:
Over the past 52 weeks, VERI has reached a high of $8.04, while it has fallen to a 52-week low of $1.48. The 50-Day Moving Average of the stock is 1.8732, while the 200-Day Moving Average is calculated to be 2.8170.
Shares Statistics:
The stock has traded on average 381.78K shares per day over the past 3-months and 644.3k shares per day over the last 10 days, according to various share statistics. A total of 36.32M shares are outstanding, with a floating share count of 32.07M. Insiders hold about 13.63% of the company’s shares, while institutions hold 37.25% stake in the company. Shares short for VERI as of Jan 31, 2024 were 4.94M with a Short Ratio of 12.94, compared to 4.49M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 13.30% and a Short% of Float of 18.68%.
Earnings Estimates
Its stock is currently analyzed by 4 different market analysts. On average, analysts expect EPS of -$0.15 for the current quarter, with a high estimate of -$0.12 and a low estimate of -$0.17, while EPS last year was $0.05. The consensus estimate for the next quarter is -$0.13, with high estimates of -$0.04 and low estimates of -$0.22.
Analysts are recommending an EPS of between -$0.95 and -$1 for the fiscal current year, implying an average EPS of -$0.98. EPS for the following year is -$0.34, with 4 analysts recommending between -$0.06 and -$0.48.
Revenue Estimates
4 analysts predict $33.79M in revenue for the current quarter. It ranges from a high estimate of $34.1M to a low estimate of $33.53M. As of the current estimate, Veritone Inc’s year-ago sales were $43.89M, an estimated decrease of -23.00% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $31.42M, an increase of 5.50% over than the figure of -$23.00% in the same quarter last year. There is a high estimate of $34.18M for the next quarter, whereas the lowest estimate is $28.7M.
A total of 4 analysts have provided revenue estimates for VERI’s current fiscal year. The highest revenue estimate was $127.46M, while the lowest revenue estimate was $126.89M, resulting in an average revenue estimate of $127.17M. In the same quarter a year ago, actual revenue was $149.73M, down -15.10% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $135.83M in the next fiscal year. The high estimate is $143.63M and the low estimate is $125.1M. The average revenue growth estimate for next year is up 6.80% from the average revenue estimate for this year.
