Veritone Stock Intrinsic Value – Veritone Down -1.58% Despite Room for Improvement, Investors Await Clarity in 2023.
March 23, 2023
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Veritone ($NASDAQ:VERI) Inc. has yet to reach its full potential, so investors are waiting to see how their stock value will develop. On the day, the closing price of Veritone Inc. was $4.97, a decrease of 1.58% from the previous closing price of $5.05. This decrease in Veritone’s stock value could be attributed to the lack of clarity around their strategy for 2023. Many investors feel that the company has room for improvement, but until they can provide details on their plans for the upcoming year, they will remain wary of investing in the company.
Although the stock price dropped, there is still potential for Veritone Inc. to increase its value if they can provide investors with more information about their upcoming plans. Until then, investors will stay on the sidelines and wait for more clarity in 2023. Despite its current stock value, there is still hope that Veritone Inc. will reach its full potential in the upcoming year and provide investors with a solid return on their investments.
Stock Price
Despite the current media sentiment largely being positive, the stock opened at $5.0 and closed at $5.3, rising by 9.2% from its prior closing price of 4.8. Investors seem to be waiting for clarity from the company in 2023 before making further investments. It appears that Veritone Inc. is currently in a holding pattern, waiting to see how their AI-driven insights and cognitive solutions will fare in the market when their current contracts come to an end. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Veritone. More…
| Total Revenues | Net Income | Net Margin |
| 149.73 | -25.24 | -16.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Veritone. More…
| Operations | Investing | Financing |
| 3.74 | -12.1 | -61.93 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Veritone. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 424.75 | 344.58 | 1.95 |
Key Ratios Snapshot
Some of the financial key ratios for Veritone are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 44.5% | – | -25.4% |
| FCF Margin | ROE | ROA |
| -0.7% | -33.6% | -5.6% |
Analysis – Veritone Stock Intrinsic Value
As GoodWhale, we have conducted an analysis of VERITONE‘s wellbeing, and our proprietary Valuation Line has calculated the fair value of VERITONE share to be around $24.5. However, the current stock price of VERITONE is only $5.3, which is a 78.3% undervaluation. Therefore, we believe that the current stock price of VERITONE stock presents an interesting opportunity for investors. More…
Peers
In the field of artificial intelligence and cognitive analytics, Veritone Inc faces stiff competition from the likes of Informatica Inc, ZeroFox Holdings Inc, and IXUP Ltd. These companies are all leaders in their respective fields, and each has its own unique strengths and weaknesses. While Veritone Inc has the advantage of experience and a strong track record, its competitors are constantly innovating and seeking to improve upon their own offerings. As such, it is important for Veritone Inc to stay abreast of the latest developments in the industry in order to maintain its competitive edge.
– Informatica Inc ($NYSE:INFA)
Informatica Inc is a publicly traded company with a market capitalization of 5.22 billion as of 2022. The company has a return on equity of 0.39%. Informatica Inc is a provider of data integration software and services. The company’s products are used by organizations to move, transform and manage data. Informatica’s software is used by over 5,000 customers worldwide, including many of the world’s largest companies.
– ZeroFox Holdings Inc ($NASDAQ:ZFOX)
Zynga Inc is an American social game developer running social video game services founded in April 2007 and headquartered in San Francisco, California, United States. The company primarily focuses on developing and publishing social games that are played on mobile platforms such as Android and iOS, as well as on social networking websites such as Facebook. Zynga Inc has a market cap of 498.71M as of 2022, a Return on Equity of 366.87%. The company’s games are available on a number of global platforms, including Apple’s App Store, Google’s Android Market, and Facebook. Zynga’s games have been played by over one billion people around the world. The company was founded in 2007 by Mark Pincus, Eric Schiermeyer, Justin Waldron, Michael Luxton, and Andrew Trader.
– IXUP Ltd ($ASX:IXU)
Pixup Ltd is a media company that operates in the entertainment industry. The company has a market cap of 53.93M as of 2022 and a ROE of -37.67%. The company’s primary business is the production and distribution of films and television programs.
Summary
Veritone Inc.’s stock value has decreased by 1.58% despite the potential for improvement. Currently, investors are optimistic about the company’s future and its stock price has risen on the same day.
However, some clarity on what the company will be able to accomplish in 2023 is needed in order to ensure a strong performance in the future. Investors should watch the situation closely and consider their options for investing in Veritone Inc. carefully before making any decisions. Overall, Veritone Inc. offers potential for growth but investors should be mindful of the risks involved and make sure to consider all potential outcomes before investing.
