Things appear to be looking up for Veritone Inc (VERI)

Veritone Inc (NASDAQ: VERI) is 35.91% 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 $2.59 in the last trading session, with the day’s loss setting it -0.13%.

Currently trading at $2.46, the stock is -7.44% and -25.28% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.54 million and changing -5.02% at the moment leaves the stock -25.83% off its SMA200. VERI registered 22.39% gain for a year compared to 6-month gain of -3.34%. The firm has a 50-day simple moving average (SMA 50) of $3.324 and a 200-day simple moving average (SMA200) of $3.3158.

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The stock witnessed a -19.61% loss in the last 1 month and extending the period to 3 months gives it a -35.94%, and is -7.17% 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 9.38% over the week and 7.05% over the month.

Veritone Inc (VERI) has around 696 employees, a market worth around $100.46M and $118.82M in sales. Profit margin for the company is -47.97%. Distance from 52-week low is 66.22% and -68.30% from its 52-week high. The company has generated returns on investments over the last 12 months (-73.33%).

The EPS is expected to grow by 28.86% this year.

Veritone Inc (VERI) Top Institutional Holders

93.0 institutions hold shares in Veritone Inc (VERI), with institutional investors hold 36.07% of the company’s shares. The shares outstanding are 38.21M, and float is at 32.59M with Short Float at 14.31%. Institutions hold 31.10% 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.