Veritone Stock Today

VERI Stock  USD 5.26  0.50  8.68%   

Performance

15 of 100

 
Low
 
High
Good

Odds Of Distress

Less than 49

 
100  
 
Zero
About Average
Veritone is trading at 5.26 as of the 29th of March 2024. This is a -8.68 percent decrease since the beginning of the trading day. The stock's open price was 5.76. Veritone has 49 percent odds of going through some form of financial distress in the next two years but had a very good returns during the last 90 days. Equity ratings for Veritone are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of April 2022 and ending today, the 29th of March 2024. Click here to learn more.
Business Domain
Software & Services
IPO Date
12th of May 2017
Category
Technology
Classification
Information Technology
Veritone, Inc., together with its subsidiaries, provides artificial intelligence computing solutions in the United States and the United Kingdom. Veritone, Inc. was incorporated in 2014 and is headquartered in Denver, Colorado. Veritone operates under SoftwareInfrastructure classification in the United States and is traded on NASDAQ Exchange. The company has 37.13 M outstanding shares of which 6.2 M shares are at this time shorted by private and institutional investors with about 1.88 trading days to cover. More on Veritone

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Veritone Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Veritone's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Veritone or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEOJohan Henrikson
Business ConcentrationApplication Software, Software - Infrastructure, Information Technology, NASDAQ Composite, Information Technology, Software, Software—Infrastructure, Technology (View all Sectors)
Average Analyst Recommendation
Analysts covering Veritone report their recommendations after researching Veritone's financial statements, talking to executives and customers, or listening in on Veritone's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Veritone. The Veritone consensus assessment is calculated by taking the average forecast from all of the analysts covering Veritone.
Financial Strength
Based on the measurements of operating efficiency obtained from Veritone's historical financial statements, Veritone is not in a good financial situation at the present time. It has a very high chance of going through financial crunch in April. Financial strength of Veritone is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.360.3394
Notably Up
Slightly volatile
Gross Profit Margin0.850.5616
Way Up
Slightly volatile
Total Current Liabilities98.8 M188.8 M
Way Down
Slightly volatile
Total Assets206.8 M375.8 M
Way Down
Slightly volatile
Total Current Assets145.8 M182.8 M
Significantly Down
Slightly volatile
Veritone's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Veritone's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Veritone's financial leverage. It provides some insight into what part of Veritone's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Veritone's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Veritone deploys its capital and how much of that capital is borrowed.
Liquidity
Veritone cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 140.4 M in liabilities with Debt to Equity (D/E) ratio of 2.85, implying the company greatly relies on financing operations through barrowing. Veritone has a current ratio of 1.74, which is within standard range for the sector. Debt can assist Veritone until it has trouble settling it off, either with new capital or with free cash flow. So, Veritone's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Veritone sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Veritone to invest in growth at high rates of return. When we think about Veritone's use of debt, we should always consider it together with cash and equity.

Net Borrowings

(415,150)
Veritone (VERI) is traded on NASDAQ Exchange in USA. It is located in 2420 17th Street, Denver, CO, United States, 80202 and employs 37 people. Veritone is listed under Application Software category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 195.3 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Veritone's market, we take the total number of its shares issued and multiply it by Veritone's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Veritone conducts business under Software sector and is part of Information Technology industry. The entity has 37.13 M outstanding shares of which 6.2 M shares are at this time shorted by private and institutional investors with about 1.88 trading days to cover. Veritone currently holds about 220.46 M in cash with (76.42 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 6.1, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
Check Veritone Probability Of Bankruptcy
Ownership Allocation
Veritone maintains a total of 37.13 Million outstanding shares. 30% of Veritone outstanding shares are owned by institutional holders. Institutional investors are typically referred to investors that purchase positions in a given stock to benefit from reduced commissions. Consequently, institutional investors are subject to different rules and regulations than regular investors. Please look out for any change in current institutional holding as this could mean something significant has changed at the company or is about to change. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.
Check Veritone Ownership Details

Veritone Stock Price Odds Analysis

Coming from a normal probability distribution, the odds of Veritone jumping above the current price in 90 days from now is near 1%. The Veritone probability density function shows the probability of Veritone stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Veritone has a beta of -0.343. This entails as returns on benchmark increase, returns on holding Veritone are expected to decrease at a much lower rate. During the bear market, however, Veritone is likely to outperform the market. In addition to that, veritone has an alpha of 2.0274, implying that it can generate a 2.03 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 5.26HorizonTargetOdds Above 5.26
99.71%90 days
 5.26 
0.29%
Based on a normal probability distribution, the odds of Veritone to move above the current price in 90 days from now is near 1 (This Veritone probability density function shows the probability of Veritone Stock to fall within a particular range of prices over 90 days) .

Veritone Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Veritone that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Veritone's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Veritone's value.
InstituionRecorded OnShares
Morgan Stanley - Brokerage Accounts2023-12-31
151.6 K
Bridgeway Capital Management, Llc2023-12-31
125 K
Bank Of America Corp2023-12-31
115.4 K
Bank Of New York Mellon Corp2023-12-31
98.7 K
Goldman Sachs Group Inc2023-12-31
94.3 K
Ameriprise Financial Inc2023-12-31
86.8 K
State Of Wisconsin Investment Board2023-12-31
84.4 K
Susquehanna International Group, Llp2023-12-31
76.8 K
Ubs Group Ag2023-12-31
72.9 K
Vanguard Group Inc2023-12-31
2.6 M
Banta Asset Management Lp2023-12-31
2.4 M
View Veritone Diagnostics

Veritone Historical Income Statement

Veritone Income Statement is one of the three primary financial statements used for reporting Veritone's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Veritone revenue and expense. Veritone Income Statement primarily focuses on the company's revenues and expenses during a particular period.
As of now, Veritone's Total Other Income Expense Net is increasing as compared to previous years. The Veritone's current Tax Provision is estimated to increase to about 1.2 M, while Interest Expense is projected to decrease to under 1.8 M. View More Fundamentals

Veritone Stock Against Markets

Picking the right benchmark for Veritone stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Veritone stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Veritone is critical whether you are bullish or bearish towards Veritone at a given time. Please also check how Veritone's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Veritone without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Veritone Corporate Directors

Veritone corporate directors refer to members of a Veritone board of directors. The board of directors generally takes responsibility for the Veritone's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Veritone's board members must vote for the resolution. The Veritone board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.

How to buy Veritone Stock?

Before investing in Veritone, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Veritone. To buy Veritone stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Veritone. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Veritone stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Veritone stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Veritone stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Veritone, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Veritone Stock please use our How to Invest in Veritone guide.

Already Invested in Veritone?

The danger of trading Veritone is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Veritone is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Veritone. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Veritone is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Veritone offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Veritone's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Veritone Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Veritone Stock:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Veritone. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For more detail on how to invest in Veritone Stock please use our How to Invest in Veritone guide.
You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.

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When running Veritone's price analysis, check to measure Veritone's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Veritone is operating at the current time. Most of Veritone's value examination focuses on studying past and present price action to predict the probability of Veritone's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Veritone's price. Additionally, you may evaluate how the addition of Veritone to your portfolios can decrease your overall portfolio volatility.
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Is Veritone's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Veritone. If investors know Veritone will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Veritone listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(1.79)
Revenue Per Share
3.456
Quarterly Revenue Growth
(0.22)
Return On Assets
(0.12)
Return On Equity
(0.99)
The market value of Veritone is measured differently than its book value, which is the value of Veritone that is recorded on the company's balance sheet. Investors also form their own opinion of Veritone's value that differs from its market value or its book value, called intrinsic value, which is Veritone's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Veritone's market value can be influenced by many factors that don't directly affect Veritone's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Veritone's value and its price as these two are different measures arrived at by different means. Investors typically determine if Veritone is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Veritone's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.