On Tuesday, Veritone Inc (NASDAQ: VERI) opened lower -8.63% from the last session, before settling in for the closing price of $7.3. Price fluctuations for VERI have ranged from $1.22 to $9.42 over the past 52 weeks.
It was noted that within the last five years, the titan of the Technology sector saw sales topped by 0.82%. Company’s average yearly earnings per share was noted 12.59% at the time writing. With a float of $69.87 million, this company’s outstanding shares have now reached $82.97 million.
Veritone Inc (VERI) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Software – Infrastructure industry is another important factor to consider. The insider ownership of Veritone Inc is 15.79%, while institutional ownership is 16.80%. 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
If we go through the results of last quarter, which was made public on 9/30/2024, the company posted -0.19 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at -0.16) by -0.03. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.04 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 12.59% 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
Check out the current performance indicators for Veritone Inc (VERI). In the past quarter, the stock posted a quick ratio of 0.89. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 6.09.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.43, a number that is poised to hit -0.15 in the next quarter and is forecasted to reach -0.26 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 8.58 million was superior to 2.82 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 50.69%.
During the past 100 days, Veritone Inc’s (VERI) raw stochastic average was set at 66.46%, which indicates a significant increase from 41.11% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.77 in the past 14 days, which was higher than the 0.37 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.59, while its 200-day Moving Average is $2.85. Now, the first resistance to watch is $7.25. This is followed by the second major resistance level at $7.83. The third major resistance level sits at $8.12. If the price goes on to break the first support level at $6.37, it is likely to go to the next support level at $6.08. The third support level lies at $5.50 if the price breaches the second support level.
Veritone Inc (NASDAQ: VERI) Key Stats
There are currently 59,170K shares outstanding in the company with a market cap of 553.39 million. Presently, the company’s annual sales total 92,640 K according to its annual income of -37,380 K. Last quarter, the company’s sales amounted to 24,010 K and its income totaled -26,800 K.
