At the time of writing, Veritone Inc [VERI] stock is trading at $3.67, up 7.62%. An important factor to consider is whether the stock is rising or falling in short-term value. The VERI shares have gain 26.99% over the last week, with a monthly amount glided 3.97%, and seem to be holding up well over a long-time horizon.
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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.
For the past year, the stock price of Veritone Inc fluctuated between $1.48 and $7.76. Veritone Inc [NASDAQ: VERI] shares were valued at $3.67 at the most recent close of the market.
Analyzing the VERI fundamentals
According to Veritone Inc [NASDAQ:VERI], the company’s sales were 131.96M for trailing twelve months, which represents an 10.82% jump. Gross Profit Margin for this corporation currently stands at 0.64% with Operating Profit Margin at -0.54%, Pretax Profit Margin comes in at -0.44%, and Net Profit Margin reading is -0.43%. To continue investigating profitability, this company’s Return on Assets is posted at -0.17, Equity is -3.34 and Total Capital is -0.51. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -25.15.
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 3.36 points at the first support level, and at 3.05 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.88, and for the 2nd resistance point, it is at 4.08.
Ratios To Look Out For
It is important to note that Veritone Inc [NASDAQ:VERI] has a current ratio of 0.78. On the other hand, the Quick Ratio is 0.78, and the Cash Ratio is 0.25. Considering the valuation of this stock, the price to sales ratio is 1.06.
Transactions by insiders
Recent insider trading involved Steelberg Ryan, President and CEO, that happened on Nov 17 ’23 when 49752.0 shares were purchased.
