Veritone Inc (NASDAQ: VERI) is 112.71% higher on its value in year-to-date trading and has touched a low of $1.48 and a high of $7.76 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The VERI stock was last observed hovering at around $3.78 in the last trading session, with the day’s gains setting it 0.07%.
Currently trading at $3.85, the stock is -27.94% and 10.14% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.76 million and changing 1.85% at the moment leaves the stock 36.15% off its SMA200. VERI registered -30.38% loss for a year compared to 6-month gain of 43.12%.
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The stock witnessed a -1.66% loss in the last 1 month and extending the period to 3 months gives it a 133.33%, and is -18.43% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 15.65% over the week and 20.14% over the month.
Veritone Inc (VERI) has around 696 employees, a market worth around $142.95M and $127.56M in sales. Profit margin for the company is -45.96%. Distance from 52-week low is 160.14% and -50.39% from its 52-week high. The company has generated returns on investments over the last 12 months (-33.88%).
The EPS is expected to grow by 64.85% this year
The shares outstanding are 37.19M, and float is at 32.65M with Short Float at 16.83%.
Veritone Inc (VERI) Insider Activity
The most recent transaction is an insider purchase by Steelberg Ryan, the company’s President and CEO. SEC filings show that Steelberg Ryan bought 49,752 shares of the company’s common stock on Nov 17 ’23 at a price of $2.05 per share for a total of $0.1 million. Following the purchase, the insider now owns 0.22 million shares.
