A new trading day began on Monday, with Veritone Inc (NASDAQ: VERI) stock price up 7.35% from the previous day of trading, before settling in for the closing price of $6.26. VERI’s price has ranged from $1.22 to $9.42 over the past 52 weeks.
During the last 5-year period, the sales growth of Technology Sector giant was 0.82%. Meanwhile, its annual earnings per share averaged 12.59%. With a float of $70.09 million, this company’s outstanding shares have now reached $82.97 million.
Veritone Inc (VERI) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Software – Infrastructure Industry. The insider ownership of Veritone Inc is 15.52%, while institutional ownership is 16.78%. 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) Earnings and Forecasts
In its latest quarterly report, released on 9/30/2024, the company reported earnings of -0.19 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). 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
Here are Veritone Inc’s current performance indicators. According to the last quarter’s results, the 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 6.13.
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)
Looking closely at Veritone Inc (NASDAQ: VERI), its last 5-days average volume was 5.95 million, which is a jump from its year-to-date volume of 2.88 million. As of the previous 9 days, the stock’s Stochastic %D was 38.79%.
During the past 100 days, Veritone Inc’s (VERI) raw stochastic average was set at 67.07%, which indicates a significant increase from 32.50% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.72 in the past 14 days, which was higher than the 0.39 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.91, while its 200-day Moving Average is $2.92. However, in the short run, Veritone Inc’s stock first resistance to watch stands at $6.92. Second resistance stands at $7.12. The third major resistance level sits at $7.52. If the price goes on to break the first support level at $6.32, it is likely to go to the next support level at $5.92. Should the price break the second support level, the third support level stands at $5.72.
Veritone Inc (NASDAQ: VERI) Key Stats
With a market capitalization of 557.53 million, the company has a total of 59,170K Shares Outstanding. Currently, annual sales are 92,640 K while annual income is -37,380 K. The company’s previous quarter sales were 24,010 K while its latest quarter income was -26,800 K.
