Veritone Inc Q1 2024 Earnings Revenue Beats Expectations Amidst Operational Challenges

VERI Stock  USD 2.65  0.01  0.38%   
Under 63% of all Veritone's traders are looking to take a long position. The analysis of the overall prospects from investing in Veritone suggests that some traders are, at the present time, interested. Veritone's investing sentiment shows overall attitude of investors towards Veritone.
  
Revenue Reported 31.6 million, a 4.3 percent increase year-over-year, exceeding the estimated 30.7 million.Net Loss Recorded at 25.2 million, widening from 23.0

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Veritone Investor Sentiment by Other 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 Fundamental Analysis

We analyze Veritone's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Veritone using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Veritone based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Price To Sales

Price To Sales Comparative Analysis

Veritone is currently under evaluation in price to sales category among its peers. Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.

Veritone Potential Pair-trading

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Veritone stock to make a market-neutral strategy. Peer analysis of Veritone could also be used in its relative valuation, which is a method of valuing Veritone by comparing valuation metrics with similar companies.

Peers

Veritone Related Equities

ARQQArqit Quantum   8.21   
0%
55.0%
HUBCHub Cyber   5.77   
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39.0%
BLINBridgeline Digital   3.45   
0%
23.0%
DOCNDigitalOcean Holdings   3.10   
0%
21.0%
APPNAppian Corp   2.67   
0%
18.0%
ATENA10 Network   2.64   
0%
17.0%
CLBTCellebrite   0.89   
0%
6.0%
FIVNFive9   0.70   
0%
4.0%
ALARAlarum Technologies   0.63   
0%
4.0%
ALTRAltair Engineering   0.21   
0%
1.0%
ZUOZuora   0.10   
0%
1.0%
PGYPagaya Technologies   1.10   
7.0%
0%
SSentinelOne   1.86   
12.0%
0%
AFRMAffirm Holdings   2.31   
15.0%
0%
STEMStem   2.56   
17.0%
0%
GCTGigaCloud Technology   4.29   
29.0%
0%
RVYLRyvyl   9.25   
63.0%
0%
GBGlobal Blue   10.57   
72.0%
0%
JGAurora Mobile   14.67   
100.0%
0%

Complementary Tools for Veritone Stock analysis

When running Veritone's price analysis, check to measure Veritone's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Veritone is operating at the current time. Most of Veritone's value examination focuses on studying past and present price action to predict the probability of Veritone's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Veritone's price. Additionally, you may evaluate how the addition of Veritone to your portfolios can decrease your overall portfolio volatility.
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