Is Veritone Stock a Good Investment?
Veritone Investment Advice | VERI |
- Examine Veritone's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Veritone's leadership team and their track record. Good management can help Veritone navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Application Software space and any emerging trends that could impact Veritone's business and its evolving consumer preferences.
- Compare Veritone's performance and market position to its competitors. Analyze how Veritone is positioned in terms of product offerings, innovation, and market share.
- Check if Veritone pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Veritone's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Veritone stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Veritone is a good investment.
Sell | Buy |
Cautious Hold
Market Performance | Very Weak | Details | |
Volatility | Very risky | Details | |
Hype Condition | Over hyped | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Quite High | Details | |
Economic Sensitivity | Hyperactively responds to market trends | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Hold | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Veritone Stock
Researching Veritone's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 14.0% of the company outstanding shares are owned by insiders. The company recorded a loss per share of 1.59. Veritone had not issued any dividends in recent years. The entity had 0.6:1 split on the 20th of April 2017.
To determine if Veritone is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Veritone's research are outlined below:
| 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 uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Veritone. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Veritone's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 7th of March 2024 Upcoming Quarterly Report | View | |
| 7th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 7th of March 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact Veritone's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Veritone's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2023-03-02 | 2022-12-31 | 0.07 | 0.05 | -0.02 | 28 | ||
2022-11-08 | 2022-09-30 | -0.18 | -0.16 | 0.02 | 11 | ||
2021-08-03 | 2021-06-30 | -0.14 | -0.12 | 0.02 | 14 | ||
2021-05-04 | 2021-03-31 | -0.14 | -0.12 | 0.02 | 14 | ||
2023-11-08 | 2023-09-30 | -0.18 | -0.21 | -0.03 | 16 | ||
2021-11-09 | 2021-09-30 | -0.11 | -0.07 | 0.04 | 36 | ||
2020-05-11 | 2020-03-31 | -0.29 | -0.25 | 0.04 | 13 | ||
2022-05-03 | 2022-03-31 | -0.1 | -0.15 | -0.05 | 50 |
Know Veritone's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Veritone is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Veritone backward and forwards among themselves. Veritone's institutional investor refers to the entity that pools money to purchase Veritone's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Oz Management Llc | 2024-09-30 | 161.4 K | Northern Trust Corp | 2024-09-30 | 117.6 K | Global Retirement Partners, Llc. | 2024-09-30 | 117.2 K | Eqis Capital Management Inc | 2024-09-30 | 114.3 K | Gsa Capital Partners Llp | 2024-09-30 | 108.6 K | Bank Of America Corp | 2024-06-30 | 87.3 K | State Of Wisconsin Investment Board | 2024-06-30 | 86.2 K | Bridgeway Capital Management, Llc | 2024-09-30 | 84.5 K | Susquehanna International Group, Llp | 2024-06-30 | 71.3 K | Private Management Group Inc | 2024-09-30 | 2.9 M | Vanguard Group Inc | 2024-09-30 | 1.5 M |
Veritone's market capitalization trends
The company currently falls under 'Small-Cap' category with a current market capitalization of 108.33 M.Market Cap |
|
Veritone's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.28) | (0.29) | |
| Return On Capital Employed | (0.49) | (0.47) | |
| Return On Assets | (0.16) | (0.16) | |
| Return On Equity | (1.54) | (1.46) |
Determining Veritone's profitability involves analyzing its financial statements and using various financial metrics to determine if Veritone is a good buy. For example, gross profit margin measures Veritone's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Veritone's profitability and make more informed investment decisions.
Evaluate Veritone's management efficiency
Veritone has return on total asset (ROA) of (0.1235) % which means that it has lost $0.1235 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (3.5849) %, meaning that it created substantial loss on money invested by shareholders. Veritone's management efficiency ratios could be used to measure how well Veritone manages its routine affairs as well as how well it operates its assets and liabilities. The current Return On Tangible Assets is estimated to decrease to -0.29. The Veritone's current Return On Capital Employed is estimated to increase to -0.47. As of now, Veritone's Intangibles To Total Assets are increasing as compared to previous years. The Veritone's current Debt To Assets is estimated to increase to 0.47, while Total Assets are projected to decrease to under 206.8 M.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 1.03 | 1.28 | |
| Tangible Book Value Per Share | (3.40) | (3.23) | |
| Enterprise Value Over EBITDA | (4.13) | (4.34) | |
| Price Book Value Ratio | 1.75 | 1.97 | |
| Enterprise Value Multiple | (4.13) | (4.34) | |
| Price Fair Value | 1.75 | 1.97 | |
| Enterprise Value | 117.4 M | 169.1 M |
The strategic initiatives led by Veritone's management are central to its market success. By analyzing these initiatives, we provide a clear picture of the stock's growth prospects.
Beta 3.331 |
Basic technical analysis of Veritone Stock
As of the 24th of November, Veritone has the Risk Adjusted Performance of 0.0043, coefficient of variation of (16,795), and Variance of 45.39. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Veritone, as well as the relationship between them.Veritone's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Veritone insiders, such as employees or executives, is commonly permitted as long as it does not rely on Veritone's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Veritone insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Veritone's Outstanding Corporate Bonds
Veritone issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Veritone uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Veritone bonds can be classified according to their maturity, which is the date when Veritone has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| Boeing Co 2196 Corp BondUS097023DG73 | View | |
| HSBC Holdings PLC Corp BondUS404280DR76 | View | |
| US92346MCG42 Corp BondUS92346MCG42 | View | |
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| VeriSign 525 percent Corp BondUS92343EAH53 | View | |
| VERIZON MUNICATIONS INC Corp BondUS92343VBE39 | View |
Understand Veritone's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Veritone's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.0043 | |||
| Market Risk Adjusted Performance | (0) | |||
| Mean Deviation | 4.93 | |||
| Coefficient Of Variation | (16,795) | |||
| Standard Deviation | 6.74 | |||
| Variance | 45.39 | |||
| Information Ratio | (0.03) | |||
| Jensen Alpha | (0.50) | |||
| Total Risk Alpha | (1.11) | |||
| Treynor Ratio | (0.01) | |||
| Maximum Drawdown | 36.13 | |||
| Value At Risk | (8.56) | |||
| Potential Upside | 11.58 | |||
| Skewness | (0.70) | |||
| Kurtosis | 2.15 |
| Risk Adjusted Performance | 0.0043 | |||
| Market Risk Adjusted Performance | (0) | |||
| Mean Deviation | 4.93 | |||
| Coefficient Of Variation | (16,795) | |||
| Standard Deviation | 6.74 | |||
| Variance | 45.39 | |||
| Information Ratio | (0.03) | |||
| Jensen Alpha | (0.50) | |||
| Total Risk Alpha | (1.11) | |||
| Treynor Ratio | (0.01) | |||
| Maximum Drawdown | 36.13 | |||
| Value At Risk | (8.56) | |||
| Potential Upside | 11.58 | |||
| Skewness | (0.70) | |||
| Kurtosis | 2.15 |
Consider Veritone's intraday indicators
Veritone intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Veritone stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Veritone Corporate Filings
| 20th of November 2024 Other Reports | ViewVerify | |
8K | 12th of November 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
| 5th of November 2024 Other Reports | ViewVerify | |
13A | 4th of November 2024 An amended filing to the original Schedule 13G | ViewVerify |
Veritone Stock media impact
Far too much social signal, news, headlines, and media speculation about Veritone that are available to investors today. That information is available publicly through Veritone media outlets and privately through word of mouth or via Veritone internal channels. However, regardless of the origin, that massive amount of Veritone data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Veritone news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Veritone relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Veritone's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Veritone alpha.
Veritone Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Veritone can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Veritone Corporate Management
| Fleming Meng | Chief Officer | Profile | |
| Jonathan Gacek | Legal Gov | Profile | |
| Michael Zemetra | Chief Officer | Profile | |
| Matthew OConnor | Chief Solutions | Profile | |
| John Newsom | Ex VP | Profile |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Veritone. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. For more detail on how to invest in Veritone Stock please use our How to Invest in Veritone guide.You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
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.
In summary, please note that there is a difference between Veritone's value and its price, as these two are different measures arrived at by various 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.