At the time of writing, Veritone Inc [VERI] stock is trading at $3.66, up 9.09%. 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 12.62% over the last week, with a monthly amount drifted -18.85%, and not 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 October 30, 2024, when UBS upgraded its rating to a Neutral but kept the price target unchanged to $3.50 for it. Previously, UBS started tracking the stock with Neutral rating on October 30, 2024, and set its price target to $3.50. On February 01, 2024, upgrade upgraded it’s rating to Neutral and revised its price target to $1.85 on the stock. ROTH MKM downgraded its rating to a Sell and decreased its price target to $2 on August 09, 2023. ROTH MKM downgraded its rating to a Neutral and reduced its price target to $3 on June 01, 2023. BofA Securities downgraded its rating to Underperform for this stock on April 20, 2023, and downed its price target to $5. In a note dated July 13, 2022, BofA Securities downgraded an Neutral rating on this stock and revised its target price from $14 to $10.
For the past year, the stock price of Veritone Inc fluctuated between $1.48 and $7.76. Currently, Wall Street analysts expect the stock to reach $3.5 within the next 12 months. Veritone Inc [NASDAQ: VERI] shares were valued at $3.66 at the most recent close of the market. An investor can expect a potential drop of -4.37% based on the average VERI price forecast.
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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-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 3.43 points at the first support level, and at 3.20 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.80, and for the 2nd resistance point, it is at 3.94.
Ratios To Look Out For
It is important to note that Veritone Inc [NASDAQ:VERI] has a current ratio of 0.78. Also, the Quick Ratio is 0.78, while the Cash Ratio stands at 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.
