For Veritone Inc. [VERI], Craig Hallum sees a rise to $6. What next?

Veritone Inc. [NASDAQ: VERI] traded at a high on 09/18/20, posting a 15.49 gain after which it closed the day’ session at $9.62. The company report on September 17, 2020 that Veritone Awarded $1.3 Million of Subcontracts Under U.S. Air Force Program to Enhance Satellite Imagery Analysis.

Veritone aiWARE to provide artificial intelligence technology and services to help the U.S. Air Force increase speed and accuracy of overhead imagery analysis.

Veritone, Inc. (Nasdaq: VERI), the creator of the world’s first operating system for artificial intelligence, aiWARE™, today announced that it has been awarded key subcontracts under a U.S. Air Force project that will use Veritone’s aiWARE artificial intelligence (AI) operating system to increase the speed and accuracy of overhead imagery analysis.

The results of the trading session contributed to over 3735673 shares changing hands. Over the past one week, the price volatility of Veritone Inc. stands at 11.63% while the volatility over the past one month is 10.25%.

The market cap for VERI stock reached $229.92 million, with 27.12 million shares outstanding and 22.31 million shares in the current float. Compared to the average trading volume of 1.16M shares, VERI reached a trading volume of 3735673 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Veritone Inc. [VERI]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for VERI shares is $14.20 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on VERI stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Craig Hallum have made an estimate for Veritone Inc. shares, keeping their opinion on the stock as Sell, with their previous recommendation back on July 06, 2020. While these analysts kept the previous recommendation, Craig Hallum raised their target price from $14 to $3. The new note on the price target was released on November 07, 2019, representing the official price target for Veritone Inc. stock. Previously, the target price had yet another raise to $10, while JMP Securities analysts kept a Mkt Outperform rating on VERI stock. On November 13, 2018, analysts increased their price target for VERI shares from 8 to 9.

The Average True Range (ATR) for Veritone Inc. is set at 0.90, with the Price to Sales ratio for VERI stock in the period of the last 12 months amounting to 4.56. The Price to Book ratio for the last quarter was 6.50.

How has VERI stock performed recently?

Veritone Inc. [VERI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 40.44. With this latest performance, VERI shares dropped by -11.82% in over the last four-week period, additionally plugging by 381.00% over the last 6 months – not to mention a rise of 141.71% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for VERI stock in for the last two-week period is set at 55.27, with the RSI for the last a single of trading hit 63.01, and the three-weeks RSI is set at 50.47 for Veritone Inc. [VERI]. The present Moving Average for the last 50 days of trading for this stock 10.38, while it was recorded at 8.15 for the last single week of trading, and 6.69 for the last 200 days.

Veritone Inc. [VERI]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Veritone Inc. [VERI] shares currently have an operating margin of -128.77 and a Gross Margin at +59.47. Veritone Inc.’s Net Margin is presently recorded at -125.04.

Return on Total Capital for VERI is now -118.73, given the latest momentum, and Return on Invested Capital for the company is -115.29. Return on Equity for this stock declined to -115.29, with Return on Assets sitting at -54.87.

Reflecting on the efficiency of the workforce at the company, Veritone Inc. [VERI] managed to generate an average of -$224,108 per employee. Receivables Turnover for the company is 1.56 with a Total Asset Turnover recorded at a value of 0.44.Veritone Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.30 and a Current Ratio set at 1.30.

Earnings analysis for Veritone Inc. [VERI]

With the latest financial reports released by the company, Veritone Inc. posted -0.43/share EPS, while the average EPS was predicted by analysts to be reported at -0.43/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for VERI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Veritone Inc. go to 50.00%.

Insider trade positions for Veritone Inc. [VERI]

There are presently around $66 million, or 35.00% of VERI stock, in the hands of institutional investors. The top three institutional holders of VERI stocks are: BLACKROCK INC. with ownership of 1,573,169, which is approximately 316.947% of the company’s market cap and around 4.40% of the total institutional ownership; VANGUARD GROUP INC, holding 1,297,786 shares of the stock with an approximate value of $12.48 million in VERI stocks shares; and MIRAE ASSET GLOBAL INVESTMENTS CO., LTD., currently with $4.11 million in VERI stock with ownership of nearly 22.135% of the company’s market capitalization.

Positions in Veritone Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 58 institutional holders increased their position in Veritone Inc. [NASDAQ:VERI] by around 4,225,660 shares. Additionally, 16 investors decreased positions by around 537,305 shares, while 4 investors held positions by with 2,075,733 shares. The mentioned changes placed institutional holdings at 6,838,698 shares, according to the latest SEC report filing. VERI stock had 46 new institutional investments in for a total of 1,551,838 shares, while 6 institutional investors sold positions of 147,558 shares during the same period.

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