Verint Systems, Inc. [NASDAQ: VRNT] traded at a low on Thursday, posting a -11.15 loss after which it closed the day’ session at $26.54.
The results of the trading session contributed to over 3002483 shares changing hands. Over the past one week, the price volatility of Verint Systems, Inc. stands at 4.27% while the volatility over the past one month is 3.05%.
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The market cap for VRNT stock reached $1.64 billion, with 62.74 million shares outstanding and 60.57 million shares in the current float. Compared to the average trading volume of 766.30K shares, VRNT reached a trading volume of 3002483 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Verint Systems, Inc. [VRNT]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for VRNT shares is $34.67 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on VRNT stock is a recommendation set at 1.86. 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.
Oppenheimer have made an estimate for Verint Systems, Inc. shares, keeping their opinion on the stock as Perform, with their previous recommendation back on September 07, 2023. While these analysts kept the previous recommendation, Evercore ISI dropped their target price from $50 to $28. The new note on the price target was released on September 07, 2023, representing the official price target for Verint Systems, Inc. stock. Previously, the target price had yet another drop from $45 to $40, while Jefferies kept a Hold rating on VRNT stock.
The Average True Range (ATR) for Verint Systems, Inc. is set at 1.30, with the Price to Sales ratio for VRNT stock in the period of the last 12 months amounting to 1.79. The Price to Book ratio for the last quarter was 1.97, with the Price to Cash per share for the same quarter was set at 3.39. Price to Free Cash Flow for VRNT in the course of the last twelve months was 12.00 with Quick ratio for the last quarter at 1.36.
How has VRNT stock performed recently?
Verint Systems, Inc. [VRNT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -16.49. With this latest performance, VRNT shares dropped by -18.86% in over the last four-week period, additionally sinking by -13.44% over the last 6 months – not to mention a drop of -14.61% 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 VRNT stock in for the last two-week period is set at 23.35, with the RSI for the last a single of trading hit 14.56, and the three-weeks RSI is set at 29.90 for Verint Systems, Inc. [VRNT]. The present Moving Average for the last 50 days of trading for this stock 32.58, while it was recorded at 29.99 for the last single week of trading, and 30.61 for the last 200 days.
Verint Systems, Inc. [VRNT]: Deeper insight into the fundamentals
Verint Systems, Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.36 and a Current Ratio set at 1.41.
Earnings analysis for Verint Systems, Inc. [VRNT]
With the latest financial reports released by the company, Verint Systems, Inc. posted 0.65/share EPS, while the average EPS was predicted by analysts to be reported at 0.57/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.08. 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 VRNT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Verint Systems, Inc. go to 9.95%.
Insider trade positions for Verint Systems, Inc. [VRNT]
There are presently around $103.14%, or 104.27%% of VRNT stock, in the hands of institutional investors. The top three institutional holders of VRNT stocks are: VANGUARD GROUP INC with ownership of 7.57 million shares, which is approximately 12.1491%. BLACKROCK INC., holding 5.94 million shares of the stock with an approximate value of $$191.11 million in VRNT stocks shares; and BLACKROCK INC., currently with $$133.41 million in VRNT stock with ownership which is approximately 6.6467%.
