Veritone Stock Performance
| VERI Stock | USD 3.51 0.09 2.63% |
Veritone holds a performance score of 11 on a scale of zero to a hundred. The entity has a beta of -0.2, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Veritone are expected to decrease at a much lower rate. During the bear market, Veritone is likely to outperform the market. Use Veritone downside variance, as well as the relationship between the accumulation distribution and market facilitation index , to analyze future returns on Veritone.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Veritone are ranked lower than 11 (%) of all global equities and portfolios over the last 90 days. Despite fairly unfluctuating basic indicators, Veritone demonstrated solid returns over the last few months and may actually be approaching a breakup point. ...more
| Begin Period Cash Flow | 184.4 M |
Veritone |
Veritone Relative Risk vs. Return Landscape
If you would invest 180.00 in Veritone on January 29, 2024 and sell it today you would earn a total of 171.00 from holding Veritone or generate 95.0% return on investment over 90 days. Veritone is currently generating 1.6468% in daily expected returns and assumes 11.4631% risk (volatility on return distribution) over the 90 days horizon. In different words, most equities are less risky than Veritone, and most traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Veritone Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Veritone's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Veritone, and traders can use it to determine the average amount a Veritone's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1437
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Estimated Market Risk
| 11.46 actual daily | 96 96% of assets are less volatile |
Expected Return
| 1.65 actual daily | 32 68% of assets have higher returns |
Risk-Adjusted Return
| 0.14 actual daily | 11 89% of assets perform better |
Based on monthly moving average Veritone is performing at about 11% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Veritone by adding it to a well-diversified portfolio.
Veritone Fundamentals Growth
Veritone Stock prices reflect investors' perceptions of the future prospects and financial health of Veritone, and Veritone fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Veritone Stock performance.
| Return On Equity | -0.99 | ||||
| Return On Asset | -0.12 | ||||
| Profit Margin | (0.46) % | ||||
| Operating Margin | (0.44) % | ||||
| Current Valuation | 193.95 M | ||||
| Shares Outstanding | 37.13 M | ||||
| Price To Earning | (3.01) X | ||||
| Price To Book | 4.74 X | ||||
| Price To Sales | 1.41 X | ||||
| Revenue | 127.56 M | ||||
| EBITDA | (49.62 M) | ||||
| Cash And Equivalents | 220.46 M | ||||
| Cash Per Share | 6.10 X | ||||
| Total Debt | 143.05 M | ||||
| Debt To Equity | 2.85 % | ||||
| Book Value Per Share | 1.03 X | ||||
| Cash Flow From Operations | (76.42 M) | ||||
| Earnings Per Share | (1.59) X | ||||
| Total Asset | 375.81 M | ||||
| Retained Earnings | (429.9 M) | ||||
| Current Asset | 68.59 M | ||||
| Current Liabilities | 45.89 M | ||||
About Veritone Performance
To evaluate Veritone Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Veritone generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Veritone Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Veritone market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Veritone's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.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. It employs 546 people.Things to note about Veritone performance evaluation
Checking the ongoing alerts about Veritone for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Veritone help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Veritone is way too risky over 90 days horizon | |
| Veritone appears to be risky and price may revert if volatility continues | |
| The company reported the previous year's revenue of 127.56 M. Net Loss for the year was (58.62 M) with profit before overhead, payroll, taxes, and interest of 122.3 M. | |
| 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. | |
| Roughly 15.0% of the company outstanding shares are owned by insiders |
- Analyzing Veritone's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Veritone's stock is overvalued or undervalued compared to its peers.
- Examining Veritone's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Veritone's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Veritone's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Veritone's stock. These opinions can provide insight into Veritone's potential for growth and whether the stock is currently undervalued or overvalued.
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 ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Complementary Tools for Veritone Stock analysis
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.
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.