Veritone Inc (NASDAQ: VERI) is 99.45% 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 $3.53 in the last trading session, with the day’s gains setting it 0.08%.
Currently trading at $3.61, the stock is 4.64% and 15.04% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.7 million and changing 2.27% at the moment leaves the stock 22.52% off its SMA200. VERI registered 54.27% gain for a year compared to 6-month loss of -47.45%. The firm has a 50-day simple moving average (SMA 50) of $3.1519 and a 200-day simple moving average (SMA200) of $2.954325.
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The stock witnessed a 22.37% gain in the last 1 month and extending the period to 3 months gives it a 40.47%, and is -4.24% 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 7.65% over the week and 9.21% over the month.
Veritone Inc (VERI) has around 696 employees, a market worth around $137.47M and $131.96M in sales. Profit margin for the company is -45.31%. Distance from 52-week low is 143.92% and -53.48% from its 52-week high. The company has generated returns on investments over the last 12 months (-46.53%).
Veritone Inc quarterly earnings per share for the current quarter are estimated at 0.0 with sales reaching $31M over the same period., but quarterly earnings will post 8.10% year-over-year. Quarterly sales are estimated to grow 6.60% in year-over-year returns.
98.0 institutions hold shares in Veritone Inc (VERI), with institutional investors hold 34.20% of the company’s shares. The shares outstanding are 37.19M, and float is at 32.34M with Short Float at 15.39%. Institutions hold 29.45% of the Float.
The top institutional shareholder in the company is PRIVATE MANAGEMENT GROUP INC with over 2.44 million shares valued at $5.51 million. The investor’s holdings represent 6.5295 of the VERI Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 1.55 million shares valued at $3.5 million to account for 4.1475 of the shares outstanding. The other top investors are UBS GROUP AG which holds 0.74 million shares representing 1.9938 and valued at over $1.68 million, while BLACKROCK INC. holds 1.2805 of the shares totaling 0.48 million with a market value of $1.08 million.
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.
