Veritone, Inc. (VERI) Stock: Here’s Why It’s Down

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Veritone, Inc. (VERI) is making a move down in the market today. The stock, focused in the tech sector, is presently priced at $6.21 after heading down -7.04% so far today. As it relates to technology stocks, there are quite a few factors that have the potential to generate price movement in the market. News is one of the most common reasons for movement. Here are the recent trending headlines associated with VERI:

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Apr-11-19 07:05AM Veritone Sets First Quarter 2019 Earnings Call for Wednesday, May 8th, 2019 at 4:30 p.m. EDT
Apr-10-19 07:04AM Taser stun gun maker files facial recognition patents
Mar-29-19 03:17PM This Falling Knife Is Ready to Rebound in 2019
Mar-20-19 08:00AM Veritone Receives FedRAMP Authorization for its aiWARE Government Platform
Mar-18-19 07:05AM Veritone to Host Investor Day on March 20, 2019

However, any time investors are making a decision with regard to investing, prospective investors should look into far more than news, this is especially the case in the ever evolving tech sector. Here’s what’s happening in regard to Veritone, Inc..

Recent Movement Out of VERI

Although a decline in a single session, like the move that we’re seeing from Veritone, Inc. may make some investors upset, that by itself should not be the reason for a decision to, or not to, invest in a company. It is generally smart to look at trends for a period longer than a single session. When it comes to VERI, here are the movements that investors have seen:

  • Weekly – Over the last 7 days, VERI has seen a price change amounting to -10.90%.
  • Monthly – The return from Veritone, Inc. over the last 30 days has been -2.36%.
  • Past 3 Months – Throughout the past quarter, the company has generated a return that works out to 26.99%
  • Past Six Months – Over the last six months, investors have seen a change that works out to -23.62% from the stock.
  • YTD – Since the open of this year VERI has generated a ROI of 63.42%.
  • Annually – Finally, in the past year, investors have seen movement of -63.94% from VERI. Over this period, the stock has traded at a high price of -74.92% and a low price of 69.99%.

Ratios Worth Watching

Digging into a few key ratios having to do with a stock can provide prospective investors a view of just how dangerous and/or potentially profitable a stock pick may be. Below are a few of the key ratios to think about when looking at VERI.

Short Ratio – The short ratio is a measure of short interest. As the short ratio heads up, it shows that more investors have a belief that the price of the stock is going to go down. In general, strong tech stocks can come with a lower short ratio. On the other hand, we also tend to see quite a few short squeezes in the sector. Nonetheless, with regard to Veritone, Inc., the stock’s short ratio clocks in at 3.92.

Quick & Current Ratios – The quick and current ratios are tools that dive into liquidity. Basically, they measure the company’s abilities to pay for its debts when they come due based on quick assets or current assets. In the technology space, companies rely heavily on continued investor support as they work to bring new technologies to market, the quick and current ratios can look bad. However, some good picks in the technology sector do have good current and quick ratios. As far as VERI, the quick and current ratios work out to 1.50 and 1.50 respectively.  

Book To Share Value – The book to share value ratio compares the value of assets currently owned by the company to the share price of the stock. In the case of Veritone, Inc., that ratio works out to 3.13.

Cash To Share Value – Finally, the cash to share value ratio compares the amount of cash the company has on hand to the value of shares. In this case, the cash to share value is 2.62.

Show Me The Big Money

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in VERI, here’s what we’re seeing:

  • Institutions – As it stands now, institutional investors own 28.30% of the company. On the other hand, it is worth considering that institutional ownership has moved in the amount of 0.11% in the last quarter.
  • Insider Moves – When it comes to insiders, members of the management team and others close to VERI currently hold 5.20% of the company. Their ownership of the company has changed by -68.78% in the past 3 months.

Analyst Opinions With Regard To Veritone, Inc.

Although it’s rarely a good idea to unknowingly follow the opinions of analysts, it is a smart idea to consider their opinions when validating your own due diligence before making investment decisions in the technology space. Below you’ll find the recent moves that we’ve seen from analysts as it relates to VERI.

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Apr-03-19 Initiated JMP Securities Mkt Outperform $10
Nov-13-18 Upgrade B. Riley FBR Sell → Neutral $8 → $9
Feb-27-18 Reiterated B. Riley FBR, Inc. Sell $15 → $10
Sep-29-17 Reiterated ROTH Capital Buy $13.20 → $62
Aug-11-17 Initiated ROTH Capital Buy $13

Financial Performance

What have ween seen from VERI in terms of financial results?Here’s the data:

  • Analyst Expectations – As it stands at the moment, analysts expect that VERI will create EPS that totals up to be -3.04, with -0.86 being announced in the report for the current quarter. Although this data isn’t earnings driven, since we are chatting about analysts, the stock is presently rated a 1.80 considering a scale that ranges from 1 to 5 where 1 is the poorest analyst grade and 5 is the best possible.
  • 5-Year Sales – Over the last half decade, Veritone, Inc. has generated a change in revenue that adds up to 0. Earnings per diluted share over the period have experienced a change of 0.
  • Quarter Over Quarter – when it comes to quarter over quarter earnings data, or Q/Q data as it is often referred to as in today’s society, the company has seen a change in earnings that comes to a total of -7.30%. Veritone, Inc. has also moved the needle when it comes to revenue in the amount of 211.40%.

Float Information

Traders and investors seem to like to know the amounts of shares both outstanding and available. In regard to Veritone, Inc., there are currently 19.51M and there is a float of 13.46M. These numbers mean that of the total of 19.51M shares of VERI that are out there today, 13.46M are available to trade hands on the public market.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to VERI, the short percent of the float is 20.72%.

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