Veritone Inc (NASDAQ: VERI) kicked off on Monday, up 4.76% from the previous trading day, before settling in for the closing price of $3.57. Over the past 52 weeks, VERI has traded in a range of $1.48-$7.76.
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Annual sales at Technology sector company grew by 42.93% over the past five years. While this was happening, its average annual earnings per share was recorded 36.66%. With a float of $32.35 million, this company’s outstanding shares have now reached $37.19 million.
Let’s look at the performance matrix of the company that is accounted for 696 employees. In terms of profitability, gross margin is 63.85%, operating margin of -54.09%, and the pretax margin is -44.07%.
Veritone Inc (VERI) Insider Updates
Our next focus will be how large-scale investors are participating in this stock of the Software – Infrastructure Industry. The insider ownership of Veritone Inc is 15.04%, while institutional ownership is 24.59%. The most recent insider transaction that took place on Nov 17 ’23, was worth 101,992. In this transaction President and CEO of this company bought 49,752 shares at a rate of $2.05, taking the stock ownership to the 215,174 shares.
Veritone Inc (VERI) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 36.66% per share during the next fiscal year.
Veritone Inc (NASDAQ: VERI) Trading Performance Indicators
Take a look at Veritone Inc’s (VERI) current performance indicators. Last quarter, stock had a quick ratio of 0.78. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.05.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.26, a number that is poised to hit -0.16 in the next quarter and is forecasted to reach -0.55 in one year’s time.
Technical Analysis of Veritone Inc (VERI)
Veritone Inc (NASDAQ: VERI) saw its 5-day average volume 0.58 million, a negative change from its year-to-date volume of 1.28 million. As of the previous 9 days, the stock’s Stochastic %D was 64.58%. Additionally, its Average True Range was 0.37.
During the past 100 days, Veritone Inc’s (VERI) raw stochastic average was set at 47.43%, which indicates a significant decrease from 62.39% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 124.67% in the past 14 days, which was higher than the 112.07% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.64, while its 200-day Moving Average is $3.23. Nevertheless, the first resistance level for the watch stands at $3.85 in the near term. At $3.96, the stock is likely to face the second major resistance level. The third major resistance level sits at $4.12. If the price goes on to break the first support level at $3.58, it is likely to go to the next support level at $3.42. Assuming the price breaks the second support level, the third support level stands at $3.31.
Veritone Inc (NASDAQ: VERI) Key Stats
The company with the Market Capitalisation of 138.91 million has total of 38,079K Shares Outstanding. Its annual sales at the moment are 127,560 K in contrast with the sum of -58,630 K annual income. Company’s last quarter sales were recorded 30,990 K and last quarter income was -22,230 K.
