At the time of writing, Veritone Inc [VERI] stock is trading at $2.61, up 11.54%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The VERI shares have gain 4.82% over the last week, with a monthly amount drifted -22.55%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, D. Boral Capital started tracking the stock with Buy rating on February 03, 2025, and set its price target to $4.50. On October 30, 2024, upgrade upgraded it’s rating to Neutral but maintained its price target of $3.50 on the stock. UBS started tracking the stock assigning a Neutral rating and suggested a price target of $3.50 on October 30, 2024. ROTH MKM upgraded its rating to a Neutral and reduced its price target to $1.85 on February 01, 2024. ROTH MKM downgraded its rating to Sell for this stock on August 09, 2023, and downed its price target to $2. In a note dated June 01, 2023, ROTH MKM downgraded an Neutral rating on this stock and revised its target price from $8 to $3.
For the past year, the stock price of Veritone Inc fluctuated between $2.03 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 $2.61 at the most recent close of the market. An investor can expect a potential return of 34.1% based on the average VERI price forecast.
Analyzing the VERI fundamentals
According to Veritone Inc [NASDAQ:VERI], the company’s sales were 107.05M for trailing twelve months, which represents an -34.40% plunge. Gross Profit Margin for this corporation currently stands at 0.68% with Operating Profit Margin at -0.72%, Pretax Profit Margin comes in at -0.92%, and Net Profit Margin reading is -0.35%. To continue investigating profitability, this company’s Return on Assets is posted at -0.19, Equity is 58.92 and Total Capital is -0.56. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 7.28.
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 2.38 points at the first support level, and at 2.14 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.74, and for the 2nd resistance point, it is at 2.86.
Ratios To Look Out For
It is important to note that Veritone Inc [NASDAQ:VERI] has a current ratio of 0.97. Further, the Quick Ratio stands at 0.66, while the Cash Ratio is 0.28. Considering the valuation of this stock, the price to sales ratio is 1.09.
Transactions by insiders
Recent insider trading involved Steelberg Chad, Director, that happened on Dec 13 ’24 when 0.5 million shares were sold.
