Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Veritone Inc’s current trading price is -81.44% away from its 52-week high, while its distance from the 52-week low is 32.47%. The stock’s price range during this period has varied between $1.54 and $10.99. The company, active in the Technology sector, saw a trading volume of around 0.62 million for the day, considerably higher average daily volume of 0.34 million observed over the last three months.
Veritone Inc (VERI) current stock price is $2.04. During the last trading session, the stock soared, reaching $2.11 after opening at $1.85. The stock’s lowest point was $1.8101 before it closed at $1.83.
Veritone Inc’s stock has seen a rocky market performance. The company’s stock achieved a 1-year high of $10.99 on 02/06/23, and the lowest price during that time was $1.54, recorded on 11/09/23.
How Financial Performance Impacts Market Capitalization
Veritone Inc (VERI) has experienced a quarterly decline of -28.17% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 75.58M and boasts a workforce of 661 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 2.99, with a change in price of -2.06. Similarly, Veritone Inc recorded 387,100 in trading volume during the last 100 days, posting a change of -50.24%.
How VERI’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for VERI stands at 7.58. Similarly, the long-term debt-to-equity ratio is also 7.44.
VERI Stock Stochastic Average
As of today, the raw stochastic average of Veritone Inc over the last 50 days is at 36.63%. This shows a declinee from the raw stochastic average of the previous 20 days, which was recorded at 42.02%. Further, the company’s Stochastic %K and %D values for the last 20 days were 33.33% and 35.28%, respectively.
VERI Stock Price Performance Analysis
Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. Until today this year the stock’s price performance recorded a decrease of -61.51%. However, over the last six months, the performance has been stronger by -45.45%. The price of VERI decreased -23.02% over the last 30 days. And in the last five days, it has surged by 24.39%.