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Tuesday, January 26, 2021

VERI Might Just Pull off a $16.11 Million Post Quarterly Sale

Most of the brokerage firms at Wall Street are expecting VERI to report close to $16.11 million for the current quarter- as mentioned by Zacks Investment Research. Two of the analysts researching the stock opportunities of the company have posted the findings. According to them, the highest sale has been an estimated $16.17 million, while the lowest has been $16.04 million. The company had already posted $12.45 million in sales the previous year- something that has suggested a growth rate of 29.4% for this year. VERI is also expected to bring out its next results on earnings on the 3rd of March. 

The Quarterly Earnings of VERI

VERI previously brought out their results of earnings on the 9th of November. The EPS reported by the company was $0.15 which was compared with the consensus estimate of $0,20. The company had a negative return on its equity at 118,65%, with a negative net margin of around 106.21%. The revenue earned by the company in this period was $15.72 million. 

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There have been quite a few firms that have already spoken about the shares of VERI. BidaskClub has already set the ratings of the company to ‘sell’ in one of its research reports. Zacks Investment Research, too, upgraded the rating of the company from ‘hold’ to ‘buy’ along with an objective price of $9. Roth Capital has set the price target for the company from $18 to $20, whilst giving it a rating of ‘buy’. 

Two of the investment analysts who have been working on the company have already given it a rating for ‘sell’. But six others have issued a rating for ‘buy’. Currently, the average rating for the company is ‘Buy’- with the average price target fixed at $12.33. 

The shares of VERI opened up on Friday at $29.29. The fifty-two week low for the company was $1.22, while the fifty-two week high for the company has been $35.79. The simple moving average for 50-day $15.58, while the simple moving average over 200-day is $12.25. The market cap for VERI is $812.30 million.

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