Veritone Inc (NASDAQ: VERI): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. The stock was recently discussed on Yahoo Finance as it revealed that Veritone Launches Ask Veri to Empower Customers to Talk to Their Data for Actionable Insights and Workflow Activation.

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Stocks Info

VERI belongs to the Technology sector of the NASDAQ while operating in the Software – Infrastructure industry. At the end of the last regular session, the stock closed at $5.36 and fluctuated between $5.70 as its day high and $5.21 as its day low. The current market capitalization of Veritone Inc is $199.02M. A total of 1.55 million shares were traded on the day, compared to an average of 2.17M shares.

In the most recent transaction, Steelberg Ryan bought 49,752 shares of VERI for 2.05 per share on Nov 17 ’23. After the transaction, the President and CEO now owns 215,174 company shares.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, VERI has a high of $6.99 and a low of $1.48.

As of this writing, VERI has an earnings estimate of -$0.21 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of -$0.2 per share and a lower estimate of -$0.22. The company reported an EPS of -$0.21 in the last quarter, which was -16.70% lower than expectations of -$0.18.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. VERI’s latest balance sheet shows that the firm has $254.72M in Cash & Short Term Investments as of fiscal 2021. There were $195.08M in debt and $191.34M in liabilities at the time. Its Book Value Per Share was $1.03, while its Total Shareholder’s Equity was $86.50M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for VERI is Buy with a score of 2.83.

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