Veritone, Inc. (VERI) Stock: Is This Technology Stock Worth Your Consideration?

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Veritone, Inc. (VERI) is headed up in the market in today’s trading session. The stock, focused in the technology industry, is currently trading at $6.09 after heading down -4.99% so far today. When it comes to technology stocks, there are several aspects that have the potential to generate movement in the market. One of the most common is news. Here are the recent stories 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

Nonetheless, when making a decision to invest, investors should look at far more than just news, this is especially the case in the ever changing technology space. Here’s what’s happening with Veritone, Inc..

How VERI Has Been Trending

Although a move toward the top in a single session, like the fall that we’re seeing from Veritone, Inc. might cause fear in some investors, a single session move alone shouldn’t be the reason for a decision to, or not to, buy a company’s stock. It is always important to look into trends beyond a single trading day. When it comes to VERI, here are the trends that we’ve seen:

  • Past 7 Days – Throughout the last 7 days, VERI has seen a change in value that amounts to -1.08%.
  • Monthly – The monthly performance from Veritone, Inc. works out to -0.77%.
  • Quarterly – Over the last three months, the company has produced a return on investment of 27.94%
  • Past Six Months – Throughout the last 6 months, we have seen a performance that works out to -25.47% from the company.
  • This Year So Far – Since the the last trading session of last year VERI has resulted in a return of 68.68%.
  • Full Year – Finally, throughout the last full year, investors have seen a change in the amount of -62.80% from VERI. Throughout this period, the stock has traded at a high of -75.40% and a low of 66.70%.

Ratios To Pay Attention To

Digging into various key ratios having to do with a stock can provide traders a view of how dangerous and/or rewarding a pick may be. Here are a few of the key ratios to consider when looking at VERI.

Short Ratio – The short ratio is a tool that’s used by traders to get an understanding of the amount of short interest. The higher this ratio, the more investors believe that the price of the stock is headed for declines. Throughout the sector, strong tech stocks can carry a lower short ratio. However, we also see quite a few short squeezes in the sector. Nonetheless, with regard to Veritone, Inc., the stock’s short ratio amounts to 4.10.

Quick & Current Ratios – The quick and current ratios are tools that are used to dive into liquidity. Basically, they measure the company’s abilities to pay its debts as they mature using current assets or quick assets. Because in tech, several companies rely on the continuation of support from investors as they work to bring new technologies to market, these ratios can seem upsetting. Nonetheless, quite a few better companies in the technology sector do have strong quick and current ratios. As it relates to VERI, the quick and current ratios work out to 1.50 and 1.50 respectively.  

Book To Share Value – The book to share value compares the the price of shares to the book value of assets owned by the company. In this case, 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 price of the company’s stock. As it relates to VERI, the cash to share value comes to 2.62.

Smart Money Follows 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 own 28.30% of the company. Institutional interest has moved by 0.11% over the past three months. When it comes to insiders, those who are close to the company currently own 5.20% percent of VERI shares. Institutions have seen ownership changes of an accumulative -68.78% over the last three months.

Analyst Opinions Of Veritone, Inc.

Although it’s never a smart idea to blindly follow the opinions of analysts, it is a smart idea to use their thoughts in order to validate your own due diligence before making investment decisions in the technology industry. Below you’ll find the recent moves that we have seen from analysts with regard 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 what you need to know:

  • Analyst Expectations – At the moment, analysts expect that the company will generate earnings per diluted share that comes to -3.04, with -0.86 being reported in the next financial report. Although this data is not based on earnings, because we’re chatting about Wall St. analysts, the stock is currently graded as a 1.80 on a scale from 1 to 5 where 1 is the worst average Wall Street analyst rating and 5 is the best possible rating.
  • 5-Year Sales – Throughout the past half decade, Veritone, Inc. has generated a change in sales volume that works out to be 0. Earnings per diluted share over the last half decade have seen movement in the amount of 0.
  • Quarter Over Quarter – when it comes to quarter over quarter data, or Q/Q data as it is commonly represented in today’s society, the company has seen a earnings change by -7.30%. Veritone, Inc. has also seen movement in regard to sales volume that adds up to 211.40%.

What You Need To Know About Share Counts

Traders tend to be interested in the total numbers of shares both outstanding and available. In regard to Veritone, Inc., currently there are 19.51M and there is a float of 13.46M. These data mean that of the total of 19.51M shares of VERI that are out there today, 13.46M are able 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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