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Should You Buy Veritone Inc (VERI) Stock After it Is Down 23.08% in a Week?

Tuesday, December 27, 2022 03:33 PM | InvestorsObserver Analysts

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Should You Buy Veritone Inc (VERI) Stock After it Is Down 23.08% in a Week?

Overall market sentiment has been down on Veritone Inc (VERI) stock lately. VERI receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bearish
Veritone Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on VERI!

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With VERI Stock Today?

Veritone Inc (VERI) stock is trading at $4.90 as of 3:31 PM on Tuesday, Dec 27, a decline of -$0.13, or -2.58% from the previous closing price of $5.03. The stock has traded between $4.57 and $5.01 so far today. Volume today is 480,930 compared to average volume of 450,775. To screen for more stocks like Veritone Inc click here.

More About Veritone Inc

Veritone Inc is a cloud-based cognitive software company. Its proprietary artificial intelligence platform unlocks the power of cognitive computing to transform unstructured audio and video data and analyze it in conjunction with structured data in a seamless, automated manner to generate actionable intelligence. The open platform integrates an ecosystem of a variety of cognitive engines. Its aiWARE platform offers capabilities that mimic human cognitive functions such as perception, prediction, and problem-solving, enabling users to quickly, efficiently, and cost-effectively transform unstructured data into structured data, and analyze and optimize data to drive business processes and insights. The company primarily generates revenue from the United States. Click Here to get the full Stock Report for Veritone Inc stock.

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