Veritone Inc (VERI) stock shows 52-week fluctuation between $1.48 and $6.03

A share price of Veritone Inc [VERI] is currently trading at $3.88, up 42.12%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The VERI shares have gain 73.21% over the last week, with a monthly amount glided 58.04%, and seem to be holding up well over a long-time horizon.

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On 12, March 2024, Veritone Reports Fourth Quarter and Fiscal Year 2023 Results. In a post published today on Yahoo Finance, – Fiscal Year 2023 Revenue of $127.6 Million, in line with previously stated guidance –.

From an analyst’s perspective:

Veritone Inc [NASDAQ: VERI] stock has seen the most recent analyst activity on February 01, 2024, when ROTH MKM upgraded its rating to a Neutral and also revised its price target to $1.85 from $2. Previously, ROTH MKM downgraded its rating to Sell on August 09, 2023, and dropped its price target to $2. On June 01, 2023, downgrade downgraded it’s rating to Neutral and revised its price target to $3 on the stock. BofA Securities downgraded its rating to a Underperform and decreased its price target to $5 on April 20, 2023. BofA Securities downgraded its rating to a Neutral and reduced its price target to $10 on July 13, 2022. UBS started tracking with a Neutral rating for this stock on April 12, 2022, and assigned it a price target of $18. In a note dated February 09, 2022, BofA Securities initiated an Buy rating and provided a target price of $22 on this stock.

Veritone Inc experienced fluctuations in its stock price throughout the past year between $1.48 and $6.03. Veritone Inc [NASDAQ: VERI] shares were valued at $3.88 at the most recent close of the market.

Analyzing the VERI fundamentals

Trailing Twelve Months sales for Veritone Inc [NASDAQ:VERI] were 127.56M which represents -22.08% decline. Gross Profit Margin for this corporation currently stands at 0.72% with Operating Profit Margin at -0.7%, Pretax Profit Margin comes in at -0.45%, and Net Profit Margin reading is -0.43%. To continue investigating profitability, this company’s Return on Assets is posted at -0.15, Equity is -1.39 and Total Capital is -0.48. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 3.68.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 3.11 points at the first support level, and at 2.33 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.28, and for the 2nd resistance point, it is at 4.67.

Veritone Inc [VERI] reported earnings per share of -$0.16 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.15/share, meaning a difference of -$0.01 and a surprise factor of -6.70%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.21 per share as compared to estimates of -$0.18 per share, a difference of -$0.03 representing a surprise of -16.70%.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Veritone Inc [NASDAQ:VERI] is 0.97. Also, the Quick Ratio is 0.87, while the Cash Ratio stands at 0.42. Considering the valuation of this stock, the price to sales ratio is 1.13, the price to book ratio is 7.69.