Veritone Stock Odds of Future Stock Price Finishing Over 2.67
| VERI Stock | USD 2.73 0.01 0.36% |
Veritone |
Veritone Target Price Odds to finish over 2.67
The tendency of Veritone Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay above $ 2.67 in 90 days |
| 2.73 | 90 days | 2.67 | over 95.08 |
Based on a normal probability distribution, the odds of Veritone to stay above $ 2.67 in 90 days from now is over 95.08 (This Veritone probability density function shows the probability of Veritone Stock to fall within a particular range of prices over 90 days) . Probability of Veritone price to stay between $ 2.67 and its current price of $2.73 at the end of the 90-day period is about 1.38 .
Given the investment horizon of 90 days the stock has the beta coefficient of 3.69 . This entails as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Veritone will likely underperform. Additionally Veritone has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Veritone Price Density |
| Price |
Predictive Modules for Veritone
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Veritone. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Veritone Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Veritone is not an exception. The market had few large corrections towards the Veritone's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Veritone, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Veritone within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.5 | |
β | Beta against Dow Jones | 3.69 | |
σ | Overall volatility | 0.49 | |
Ir | Information ratio | -0.03 |
Veritone Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Veritone for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Veritone can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Veritone had very high historical volatility over the last 90 days | |
| Veritone has high likelihood to experience some financial distress in the next 2 years | |
| 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 14.0% of the company outstanding shares are owned by insiders | |
| Latest headline from businesswire.com: Veritone Unveils Data Refinery to Power Next-Generation AI Technology |
Veritone Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Veritone Stock often depends not only on the future outlook of the current and potential Veritone's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Veritone's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 36.9 M | |
| Cash And Short Term Investments | 79.4 M |
Veritone Technical Analysis
Veritone's future price can be derived by breaking down and analyzing its technical indicators over time. Veritone Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Veritone. In general, you should focus on analyzing Veritone Stock price patterns and their correlations with different microeconomic environments and drivers.
Veritone Predictive Forecast Models
Veritone's time-series forecasting models is one of many Veritone's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Veritone's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Veritone
Checking the ongoing alerts about Veritone for important developments is a great way to find new opportunities for your next move. Our 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 had very high historical volatility over the last 90 days | |
| Veritone has high likelihood to experience some financial distress in the next 2 years | |
| 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 14.0% of the company outstanding shares are owned by insiders | |
| Latest headline from businesswire.com: Veritone Unveils Data Refinery to Power Next-Generation AI Technology |
Check out Veritone Backtesting, Veritone Valuation, Veritone Correlation, Veritone Hype Analysis, Veritone Volatility, Veritone History as well as Veritone Performance. For more detail on how to invest in Veritone Stock please use our How to Invest in Veritone guide.You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Is Application Software space 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.
Quarterly Earnings Growth 1.52 | Earnings Share (1.59) | Revenue Per Share 3.534 | Quarterly Revenue Growth 0.108 | Return On Assets (0.12) |
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.