While Veritone Inc has underperformed by -4.94%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, VERI fell by -33.94%, with highs and lows ranging from $7.76 to $1.48, whereas the simple moving average jumped by 29.46% in the last 200 days.
On February 01, 2024, ROTH MKM Upgraded Veritone Inc (NASDAQ: VERI) to Neutral. A report published by ROTH MKM on August 09, 2023, Downgraded its rating to ‘Sell’ for VERI. ROTH MKM also Downgraded VERI shares as ‘Neutral’, setting a target price of $3 on the company’s shares in a report dated June 01, 2023. BofA Securities April 20, 2023d the rating to Underperform on April 20, 2023, and set its price target from $8 to $5. BofA Securities July 13, 2022d its ‘Buy’ rating to ‘Neutral’ for VERI, as published in its report on July 13, 2022. UBS’s report from April 12, 2022 suggests a price prediction of $18 for VERI shares, giving the stock a ‘Neutral’ rating. BofA Securities also rated the stock as ‘Buy’.
Analysis of Veritone Inc (VERI)
Further, the quarter-over-quarter decrease in sales is -22.08%, showing a negative trend in the upcoming months.
One of the most important indicators of Veritone Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -99.37% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.97, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and VERI is recording 2.58M average volume. On a monthly basis, the volatility of the stock is set at 19.61%, whereas on a weekly basis, it is put at 15.41%, with a loss of -24.69% over the past seven days. Furthermore, long-term investors anticipate a median target price of $3.12, showing decline from the present price of $3.66, which can serve as yet another indication of whether VERI is worth investing in or should be passed over.
How Do You Analyze Veritone Inc Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 13.26%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 37.24% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
VERI shares are owned by institutional investors to the tune of 37.24% at present.
