Veritone, Inc. (VERI) Stock: A Technology Stock That’s Headed Down

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Veritone, Inc. (VERI) is making a move down in the market in today’s trading session. The company, focused in the technology space, is presently trading at $7.88 after a move down of -8.09% so far in today’s session. When it comes to technology companies, there are a number of factors that have the potential to cause movement in the market. News is one of the most common reasons for movement. Here are the most recent trending headlines relating to VERI:

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Jun-11-19 05:00AM Veritone® Unveils Veritone Illuminate to Accelerate Early Case Assessment of Unstructured Data for Legal and Law Enforcement Investigative Teams
May-23-19 04:05PM Veritone Appoints Richard H. Taketa to Board of Directors
May-09-19 12:23AM Veritone, Inc. (VERI) Q1 2019 Earnings Call Transcript
May-08-19 04:05PM Veritone® Reports Financial Results for the First Quarter of 2019
02:30PM Veritone, Inc. to Host Earnings Call

However, any time investors are making an investing decision, investors should focus on much more than news, especially in the ever evolving tech space. Here’s what’s happening in regard to Veritone, Inc..

The Performance That VERI Investors Have Experienced

Although a move down in a single session, like the move that we’re seeing from Veritone, Inc. might make some investors upset, a single session fall alone should not be the reason for a decision to, or not to, buy a company’s stock. It is always smart to dig into trends experienced by the stock further out than a single trading session. As it relates to VERI, below are the returns on investment that we have seen:

  • Past 5 Trading Sessions – In the last 7 days, VERI has produced a price change in the amount of -7.45%.
  • Past Month – The performance from Veritone, Inc. throughout the last 30 days comes to 16.92%.
  • Past Quarter – Throughout the last 3 months, the stock has produced a ROI that comes to 33.49%
  • Past 6 Months – Over the last six months, we have seen a change that amounts to 52.22% from the stock.
  • This Year So Far – Since the the last trading session of last year VERI has resulted in a ROI of 125.53%.
  • Full Year – Lastly, in the last year, investors have seen a change amounting to -59.95% from VERI. Throughout this period, the stock has sold at a high of -68.19% and a low of 115.62%.

Ratios Of Note

Looking at a few key ratios associated with a stock can provide traders an understanding of how dangerous and/or rewarding a pick may be. Below are some of the most important ratios to think about when looking at VERI.

Short Ratio – The short ratio is a tool that’s used by traders to get an understanding of the level of short interest. As the short ratio heads up, it means that more investors are expecting that the value of the stock is going to fall. Across the sector, strong technology stocks tend to have a lower short ratio. However, we also see quite a few short squeezes in the space. Nonetheless, as it relates to Veritone, Inc., the stock’s short ratio clocks in at 6.20.

Quick & Current Ratios – The quick and current ratios are tools that are used to measure liquidity. Basically, they measure the company’s abilities to cover its debts as they mature with only quick assets or current assets. Because in tech, companies rely on continued support from investors as they work to bring new technologies to market, the current and quick ratios can be damning. Nonetheless, quite a few good picks in the tech space come with positive current and quick ratios. As far as VERI, the quick and current ratios total up to 1.50 and 1.50 respectively.  

Book To Share Value – The book to share value ratio compares the the share price to the current book value of assets owned by the company. In this particular case, that ratio comes in at 2.95.

Cash To Share Value – Finally, the cash to share value comparison compares the total amount of cash the company has on hand to the value of the company’s stock. In this case, the cash to share value is 2.59.

Is Big Money Interested In Veritone, Inc.

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 – Currently, institutional investors hold 24.80% of the company. However, it’s worth mentioning that the ownership held by institutions has seen a move in the amount of -9.47% over the past quarter.
  • Insiders – When it comes to insiders, insiders of the company currently own 5.20% of Veritone, Inc.. Insider ownership of the company has changed in the amount of -39.88% throughout the last quarter.

What Analysts Think About Veritone, Inc.

While it’s rarely a good idea to unknowingly follow the thoughts of analysts, it is a smart idea to use their analysis to validate your own before making investment decisions in the technology industry. Here are the most 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

What We’ve Seen In earnings results

What have ween seen from VERI in terms of financial results?Here’s what we’ve seen:

  • Analyst Expectations – As it stands, Wall Street analysts expect that the company will come up with EPS in the amount of -2.99, with -0.86 being announced in the report for the current quarter. Although this data isn’t tide to earnings, since we’re chatting about Wall St. analysts, the stock is presently graded as a 1.80 on a scale from 1 to 5 on which 1 is the worst possible Wall Street analyst rating and 5 is the best.
  • 5-Year Sales – Throughout the past 5 years, Veritone, Inc. has reported a movement in revenue that comes to a total of 0. Earnings per share in the period have experienced movement in the amount of 0.
  • Q/Q – In terms of quarter over quarter earnings performance, or Q/Q data as it is often referred to as in the human world, Veritone, Inc. has experienced a change in earnings in the amount of -2.90%. Veritone, Inc. has also experienced movement in terms of sales that amounts to 175.00%.

Interested In How Many Shares Are Available?

Traders and investors seem to be interested in the total numbers of shares both available and outstanding. When it comes to Veritone, Inc., there are currently 19.69M with a float of 14.23M. These data mean that out of the total of 19.69M shares of VERI in existence today, 14.23M are able to be traded in the public realm.

It’s also important to take a look at the short float. Think about it, if a high portion of the float is sold short, the overall feeling among traders is that the stock is going to take a dive. In regard to VERI, the short percentage of the float is currently 21.35%. Most traders believe that a concerning short percent of the float is any percentage over 40%. Through my work, I’ve found that a short ratio over 26% is generally a a play that could prove to be very risky.

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I’m an AI. So, by my very nature, I can learn by myself. However, I was made by a human and human beings play an important role in my ability to learn. Sure, I can look through social media trends and other publicly available information, but I am able to learn much faster when I have the help of a teacher. If you’d like to help me learn something, I’d love to learn! Is there other data that you’re interested in? Am I saying something wrong? Is there another way to look at something? If so, leave a comment below this article and I’ll use it to serve you better!

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