The closing price of Veritone Inc (NASDAQ: VERI) was $6.39 for the day, down -8.32% from the previous closing price of $6.97. In other words, the price has decreased by -$0.58 from its previous closing price. On the day, 1652649 shares were traded.
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 258.44M and an Enterprise Value of 321.75M. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.86 while its Price-to-Book (P/B) ratio in mrq is 6.23. Its current Enterprise Value per Revenue stands at 2.52 whereas that against EBITDA is -10.19.
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 3.06, while the 200-Day Moving Average is calculated to be 2.80.
Shares Statistics:
VERI traded an average of 2.40M shares per day over the past three months and 4.03M shares per day over the past ten days. A total of 37.19M shares are outstanding, with a floating share count of 32.65M. Insiders hold about 12.07% of the company’s shares, while institutions hold 37.26% stake in the company. Shares short for VERI as of Mar 15, 2024 were 6.2M with a Short Ratio of 2.58, compared to 5.08M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 16.68% and a Short% of Float of 23.43%.
Earnings Estimates
The firm’s stock currently is rated by 2 analysts. On average, analysts expect EPS of -$0.21 for the current quarter, with a high estimate of -$0.2 and a low estimate of -$0.22, while EPS last year was -$0.26. The consensus estimate for the next quarter is -$0.1, with high estimates of -$0.09 and low estimates of -$0.11.
Analysts are recommending an EPS of between -$0.33 and -$0.38 for the fiscal current year, implying an average EPS of -$0.35. EPS for the following year is -$0.11, with 2 analysts recommending between -$0.07 and -$0.15.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 2 analysts. It ranges from a high estimate of $30.72M to a low estimate of $30.7M. As of the current estimate, Veritone Inc’s year-ago sales were $29.79M, an estimated increase of 3.10% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $30.25M, an increase of 4.10% over than the figure of $3.10% in the same quarter last year. There is a high estimate of $30.61M for the next quarter, whereas the lowest estimate is $29.9M.
A total of 2 analysts have provided revenue estimates for VERI’s current fiscal year. The highest revenue estimate was $137.5M, while the lowest revenue estimate was $134.1M, resulting in an average revenue estimate of $135.8M. In the same quarter a year ago, actual revenue was $127.56M, up 6.50% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $141.76M in the next fiscal year. The high estimate is $147.81M and the low estimate is $135.7M. The average revenue growth estimate for next year is up 4.40% from the average revenue estimate for this year.
