Veritone Inc (NASDAQ: VERI) on Tuesday, plunged -1.68% from the previous trading day, before settling in for the closing price of $2.97. Within the past 52 weeks, VERI’s price has moved between $1.48 and $7.76.
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Annual sales at Technology sector company grew by 42.93% over the past five years. The company achieved an average annual earnings per share of 28.86%. With a float of $32.49 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 66.42%, operating margin of -60.58%, and the pretax margin is -52.06%.
Veritone Inc (VERI) Insider Updates
Observing investor behavior towards Software – Infrastructure industry stocks is more important than anything else. The insider ownership of Veritone Inc is 15.04%, while institutional ownership is 21.31%.
Veritone Inc (VERI) Performance Highlights and Predictions
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported -0.16 earnings per share (EPS) for the period topping the consensus outlook (set at -0.16) by -0. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.15 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 28.86% per share during the next fiscal year.
Veritone Inc (NASDAQ: VERI) Trading Performance Indicators
Veritone Inc (VERI) is currently performing well based on its current performance indicators. A quick ratio of 0.66 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.94.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.16, a number that is poised to hit -0.15 in the next quarter and is forecasted to reach -0.53 in one year’s time.
Technical Analysis of Veritone Inc (VERI)
Veritone Inc (NASDAQ: VERI) saw its 5-day average volume 0.65 million, a negative change from its year-to-date volume of 1.27 million. As of the previous 9 days, the stock’s Stochastic %D was 17.51%. Additionally, its Average True Range was 0.35.
During the past 100 days, Veritone Inc’s (VERI) raw stochastic average was set at 24.69%, which indicates a significant increase from 11.11% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 137.95% in the past 14 days, which was higher than the 118.93% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.65, while its 200-day Moving Average is $3.27. Nevertheless, the first resistance level for the watch stands at $3.03 in the near term. At $3.13, the stock is likely to face the second major resistance level. The third major resistance level sits at $3.24. If the price goes on to break the first support level at $2.81, it is likely to go to the next support level at $2.70. Assuming the price breaks the second support level, the third support level stands at $2.60.
Veritone Inc (NASDAQ: VERI) Key Stats
Market capitalization of the company is 111.67 million based on 38,242K outstanding shares. Right now, sales total 127,560 K and income totals -58,630 K. The company made 21,990 K in profit during its latest quarter, and -21,750 K in sales during its previous quarter.
