Veritone Inc (NASDAQ: VERI) on Friday, plunged -8.96% from the previous trading day, before settling in for the closing price of $5.58. Within the past 52 weeks, VERI’s price has moved between $1.22 and $6.43.
It was noted that within the last five years, the titan of the Technology sector saw sales topped by 0.82%. The company achieved an average annual earnings per share of 4.42%. With a float of $55.20 million, this company’s outstanding shares have now reached $68.68 million.
Veritone Inc (VERI) Insider and Institutional Ownership
Observing investor behavior towards Software – Infrastructure industry stocks is more important than anything else. The insider ownership of Veritone Inc is 19.62%, while institutional ownership is 16.38%. 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) Latest Financial update
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported -0.19 earnings per share (EPS) for the period falling under the consensus outlook (set at -0.16) by -0.03. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.06 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 4.42% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 44.21% during the next five years compared to 0.82% 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 0.89 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 3.84.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.43, a number that is poised to hit -0.16 in the next quarter and is forecasted to reach -0.28 in one year’s time.
Technical Analysis of Veritone Inc (VERI)
The latest stats from [Veritone Inc, VERI] show that its last 5-days average volume of 9.39 million was superior to 1.95 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 63.30%.
During the past 100 days, Veritone Inc’s (VERI) raw stochastic average was set at 74.16%, which indicates a significant increase from 62.59% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.65 in the past 14 days, which was higher than the 0.25 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.13, while its 200-day Moving Average is $2.53. Now, the first resistance to watch is $5.51. This is followed by the second major resistance level at $5.93. The third major resistance level sits at $6.18. If the price goes on to break the first support level at $4.84, it is likely to go to the next support level at $4.59. The third support level lies at $4.17 if the price breaches the second support level.
Veritone Inc (NASDAQ: VERI) Key Stats
Market capitalization of the company is 348.87 million based on 59,170K outstanding shares. Right now, sales total 92,640 K and income totals -37,380 K. The company made 24,010 K in profit during its latest quarter, and -26,800 K in sales during its previous quarter.
