Shares of Veritone Inc. (NASDAQ:VERI) traded today at $49.24, eclipsing its 52-week high. So far today approximately 1.4 million shares have been exchanged, as compared to an average 30-day volume of 956,000 shares.
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, which can be orchestrated together, to reveal valuable multivariate insights from vast amounts of media. The company’s platform stores the results in a searchable, time-correlated database to create a rich, online, searchable index of audio, video and structured data, enabling users to analyze the information in near real-time to drive business decisions and insights.
Over the past year, Veritone Inc. has traded in a range of $1.22 to $49.24 and is now at $47.30, 3,777% above that low.
Potential upside of 56.5% exists for Veritone Inc., based on a current level of $47.30 and analysts’ average consensus price target of $74.05.
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