Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Veritone Inc before investing.

In this article, we go over a few key elements for understanding Veritone Inc’s stock price such as:

• Veritone Inc’s current stock price and volume
• Why Veritone Inc’s stock price changed recently
• Upgrades and downgrades for VERI from analysts
• VERI’s stock price momentum as measured by its relative strength

About Veritone Inc (VERI)

Before we jump into Veritone Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Veritone, Inc. is a provider of artificial intelligence (AI) computing solutions and services. Its AI operating system, aiWARE, uses machine learning algorithms, or AI models, together with a suite of applications, to reveal valuable insights from amounts of structured and unstructured data. Its aiWARE platform offers capabilities that mimic human cognitive functions, such as perception, prediction and problem-solving, enabling users to transform unstructured data into structured data and analyze and optimize data to drive business processes and insights. It offers cloud-native digital content management solutions and content licensing services. It operates a full-service advertising agency that uses aiWARE to provide various services, including media planning and strategy, advertisement buying and placement, campaign messaging and others. It offers global talent acquisition and staffing technology and services. It also offers a range of energy management and energy trading solutions.

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Veritone Inc’s Stock Price as of Market Close

As of April 04, 2024, 4:00 PM, CST, Veritone Inc’s stock price was $6.87.

Veritone Inc is up 6.51% from its previous closing price of $6.45.

During the last market session, Veritone Inc’s stock traded between $5.73 and $6.50. Currently, there are 37.21 million shares of Veritone Inc stock available for purchase.

Unfortunately, Veritone Inc’s P/E ratio is not significant enough to use for stock price evaluation. We recommend investors evaluate other financial metrics to understand its overall valuation.

Veritone Inc Stock Price History

Veritone Inc’s (VERI) price is currently up 30.61% so far this month.

During the month of April, Veritone Inc’s stock price has reached a high of $7.76 and a low of $4.83.

Over the last year, Veritone Inc has hit prices as high as $6.99 and as low as $1.48. Year to date, Veritone Inc’s stock is up 29.62%.

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What Caused Veritone Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of April 03, 2024, there was 1 analyst who downgraded Veritone Inc’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate Veritone Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Veritone Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Veritone Inc’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Veritone Inc (VERI) by visiting AAII Stock Evaluator.

Relative Price Strength of Veritone Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of April 03, 2024, Veritone Inc has a weighted four-quarter relative price strength of 74.15%, which translates to a Momentum Score of 98 and is considered to be Very Strong.

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Veritone Inc Stock Price: Bottom Line

As of April 4, 2024, Veritone Inc’s stock price is $6.87, which is up 6.51% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Veritone Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.