Veritone Inc [NASDAQ: VERI] closed the trading session at $3.36.
The stocks have a year to date performance of 85.64 percent and weekly performance of 53.42 percent. The stock has been moved at 35.48 percent over the last six months. The stock has performed 22.18 percent around the most recent 30 days and changed -10.88 percent over the most recent 3-months.
If compared to the average trading volume of 848.61K shares, VERI reached to a volume of 5718379 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to 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 $3.50 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 3.00. 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.
UBS have made an estimate for Veritone Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on October 30, 2024. While these analysts kept the previous recommendation, UBS raised their target price to Neutral. The new note on the price target was released on October 30, 2024, representing the official price target for Veritone Inc stock. Previously, the target price had yet another drop from $2 to $1.85, while ROTH MKM kept a Neutral rating on VERI stock. On August 09, 2023, analysts decreased their price target for VERI shares from 3.50 to 2.
The Average True Range (ATR) for Veritone Inc is set at 0.27, with the Price to Sales ratio for VERI stock in the period of the last 12 months amounting to 1.08.
VERI stock trade performance evaluation
Veritone Inc [VERI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 53.42. With this latest performance, VERI shares gained by 22.18% in over the last four-week period, additionally plugging by 35.48% over the last 6 months – not to mention a rise of 64.71% 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 66.40, with the RSI for the last a single of trading hit 76.58, and the three-weeks RSI is set at 59.50 for Veritone Inc [VERI]. The present Moving Average for the last 50 days of trading for this stock 3.05, while it was recorded at 2.54 for the last single week of trading, and 3.33 for the last 200 days.
Veritone Inc [VERI]: An insightful look at the core fundamentals
Veritone Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.66 and a Current Ratio set at 0.66.
Veritone Inc [VERI]: Institutional Ownership
There are presently around $31.10%, or 36.07%% of VERI stock, in the hands of institutional investors. The top three institutional holders of VERI stocks are: PRIVATE MANAGEMENT GROUP INC with ownership of 2.44 million shares, which is approximately 6.5295%. VANGUARD GROUP INC, holding 1.55 million shares of the stock with an approximate value of $$3.5 million in VERI stocks shares; and VANGUARD GROUP INC, currently with $$1.68 million in VERI stock with ownership which is approximately 1.9938%.
