Veritone Inc (NASDAQ: VERI) kicked off on Tuesday, down -5.06% from the previous trading day, before settling in for the closing price of $5.53. Over the past 52 weeks, VERI has traded in a range of $1.22-$6.43.
A company in the Technology sector has jumped its sales by 0.82% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded 4.42%. With a float of $55.20 million, this company’s outstanding shares have now reached $68.68 million.
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 19.62%, while institutional ownership is 16.64%. 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
In the latest quarterly report, which was put into the public domain on 9/30/2024, the organization reported -0.19 earnings per share (EPS), lower than consensus estimate (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
Take a look at Veritone Inc’s (VERI) current performance indicators. Last quarter, stock had a quick ratio of 0.89. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.97.
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)
Let’s dig in a bit further. During the last 5-days, its volume was 7.35 million. That was better than the volume of 2.12 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 52.57%.
During the past 100 days, Veritone Inc’s (VERI) raw stochastic average was set at 77.43%, which indicates a significant increase from 51.14% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.61 in the past 14 days, which was higher than the 0.28 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.50, while its 200-day Moving Average is $2.62. However, in the short run, Veritone Inc’s stock first resistance to watch stands at $5.66. Second resistance stands at $6.06. The third major resistance level sits at $6.30. If the price goes on to break the first support level at $5.02, it is likely to go to the next support level at $4.78. Assuming the price breaks the second support level, the third support level stands at $4.38.
Veritone Inc (NASDAQ: VERI) Key Stats
The company with the Market Capitalisation of 360.55 million has total of 59,170K Shares Outstanding. Its annual sales at the moment are 92,640 K in contrast with the sum of -37,380 K annual income. Company’s last quarter sales were recorded 24,010 K and last quarter income was -26,800 K.
