A Look at Veritone Inc (VERI) Shares in the Recent Past Indicates Growth

With 0.71 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.72 million shares. During the session, the Software – Infrastructure company that operates in wider Technology sector, reached to the highest price of $3.93 whereas the lowest price it dropped to was $3.64. The 52-week range on VERI shows that it touched its highest point at $7.76 and its lowest point at $1.48 during that stretch. It currently has a 1-year price target of $4.00. Beta for the stock currently stands at 3.28.

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Price Performance and Earnings:

Three-month performance surged to 50.88% while six-month performance rose 11.30%. The stock gained 52.99% in the past year, while it has gained 112.15% so far this year.

Float and Shares Shorts:

At present, 37.19 million VERI shares are outstanding with a float of 32.34 million shares on hand for trading. On 2024-08-30, short shares totaled 5.03 million, which was 1322.0 higher than short shares on 1722384000. In addition to Mr. Ryan Scott Steelberg as the firm’s Co-Founder, CEO & Chairman, Mr. Chad E. Steelberg serves as its Co-Founder & Director.

Institutional Ownership:

Through their ownership of 0.29474002 of VERI’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, VERI reported revenue of $30992000.0 and operating income of -$17662000.0. The EBITDA in the recently reported quarter was -$10710000.0 and diluted EPS was -$0.59.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for VERI since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.