In a filing, Veritone Inc revealed its Director Steelberg Chad unloaded Company’s shares for reported $1.27 million on Dec 13 ’24. In the deal valued at $2.52 per share,504,657 shares were sold. As a result of this transaction, Steelberg Chad now holds 31,861 shares worth roughly $0.11 million.
D. Boral Capital initiated its Veritone Inc [VERI] rating to a Buy in a research note published on February 03, 2025; the price target was $4.50. A number of analysts have revised their coverage, including UBS’s analysts, who increased its forecast for the stock in late October from “a Sell” to “a Neutral”. UBS began covering VERI with “Neutral” recommendation on October 30, 2024. ROTH MKM revised its rating on February 01, 2024. It rated VERI as “a Neutral” which previously was an “a Sell”.
Price Performance Review of VERI
On Monday, Veritone Inc [NASDAQ:VERI] saw its stock fall -0.29% to $3.49. Over the last five days, the stock has gained 6.40%. Veritone Inc shares have risen nearly 6.40% since the year began. Nevertheless, the stocks have risen 102.91% over the past one year. While a 52-week high of $7.76 was reached on 01/06/25, a 52-week low of $1.65 was recorded on 01/02/25. SMA at 50 days reached $2.90, while 200 days put it at $3.10.
Levels Of Support And Resistance For VERI Stock
The 24-hour chart illustrates a support level at 3.39, which if violated will result in even more drops to 3.28. On the upside, there is a resistance level at 3.64. A further resistance level may holdings at 3.78. The Relative Strength Index (RSI) on the 14-day chart is 59.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 19.98%. Stochastics %K at 78.12% indicates the stock is a holding.
How much short interest is there in Veritone Inc?
A steep rise in short interest was recorded in Veritone Inc stocks on 2024-10-31, growing by 0.11 million shares to a total of 5.14 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 5.03 million shares. There was a rise of 2.11%, which implies that there is a positive sentiment for the stock.
