Veritone Inc (NASDAQ: VERI) on Tuesday, plunged -5.73% from the previous trading day, before settling in for the closing price of $3.49. Within the past 52 weeks, VERI’s price has moved between $1.65 and $7.76.
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Annual sales at Technology sector company grew by 32.77% over the past five years. The company achieved an average annual earnings per share of 15.91%. With a float of $35.07 million, this company’s outstanding shares have now reached $38.21 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 21.35%, while institutional ownership is 25.36%. The most recent insider transaction that took place on Dec 13 ’24, was worth 1,269,212. In this transaction Director of this company sold 504,657 shares at a rate of $2.52, taking the stock ownership to the 31,861 shares.
Veritone Inc (VERI) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 15.91% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 48.85% during the next five years compared to 14.51% growth over the previous five years of trading.
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 1.23.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.16, a number that is poised to hit -0.23 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 0.7 million, a negative change from its year-to-date volume of 0.9 million. As of the previous 9 days, the stock’s Stochastic %D was 73.19%. Additionally, its Average True Range was 0.30.
During the past 100 days, Veritone Inc’s (VERI) raw stochastic average was set at 33.10%, which indicates a significant decrease from 58.96% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 72.79% in the past 14 days, which was lower than the 115.13% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.91, while its 200-day Moving Average is $3.10. Nevertheless, the first resistance level for the watch stands at $3.42 in the near term. At $3.55, the stock is likely to face the second major resistance level. The third major resistance level sits at $3.64. If the price goes on to break the first support level at $3.20, it is likely to go to the next support level at $3.12. Assuming the price breaks the second support level, the third support level stands at $2.99.
Veritone Inc (NASDAQ: VERI) Key Stats
Market capitalization of the company is 146.72 million based on 40,180K 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.
