Veritone, Inc. Q3 2024 Earnings Call Transcript

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.
  
Operator Good day, and thank you for waiting. Welcome to the Veritone Inc. Third Quarter 2024 Financial Results Conference Call.

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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.

Retained Earnings

Retained Earnings Comparative Analysis

Veritone is currently under evaluation in retained earnings category among its peers. Retained Earnings is a balance sheet account that refers to the portion of company income that is retained by the firm. In other words, it is a part of earnings that is not paid out as dividends or otherwise distributed to owners. Retained Earnings are calculated by adding net income to last period retained earnings and subtracting any dividends paid to owners.

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   
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55.0%
HUBCHub Cyber   5.77   
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39.0%
BLINBridgeline Digital   3.45   
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23.0%
DOCNDigitalOcean Holdings   3.10   
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21.0%
APPNAppian Corp   2.67   
0%
18.0%
ATENA10 Network   2.64   
0%
17.0%
CLBTCellebrite   1.46   
0%
9.0%
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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