Veritone, Inc. (NASDAQ:VERI – Get Free Report) dropped 2.2% during trading on Friday . The stock traded as low as $2.65 and last traded at $2.71. Approximately 314,966 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 1,564,369 shares. The stock had previously closed at $2.77.
Veritone Stock Down 2.2 %
The firm’s 50-day simple moving average is $2.79 and its 200 day simple moving average is $2.95. The company has a debt-to-equity ratio of 9.02, a quick ratio of 0.87 and a current ratio of 0.87. The stock has a market capitalization of $102.39 million, a P/E ratio of -1.23 and a beta of 3.33.
Veritone (NASDAQ:VERI – Get Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The company reported ($0.24) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.01. The company had revenue of $31.64 million for the quarter, compared to analysts’ expectations of $30.70 million. Veritone had a negative return on equity of 154.87% and a negative net margin of 44.39%.
Institutional Inflows and Outflows
About Veritone
Veritone, Inc, together with its subsidiaries, engages in the provision of artificial intelligence (AI) computing solutions and services in the United States, the United Kingdom, France, Australia, Israel, and India. It develops and operates aiWARE platform, an AI operating system, that uses machine learning algorithms or AI models designed to mimic human cognitive functions, such as perception, prediction, and problem solving and optimization, as well as enables users to transform unstructured data into structured data, and analyze and optimize data to drive business processes and insights.
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