A Piece Of The Puzzle Missing From Veritone, Inc.’s (NASDAQ:VERI) 43% Share Price Climb
Despite an already strong run, Veritone, Inc. (NASDAQ:VERI) shares have been powering on, with a gain of 43% in the last thirty days. Longer-term shareholders would be thankful for the recovery in the share price since it’s now virtually flat for the year after the recent bounce.
Although its price has surged higher, Veritone may still look like a strong buying opportunity at present with its price-to-sales (or “P/S”) ratio of 1.9x, considering almost half of all companies in the Software industry in the United States have P/S ratios greater than 5.1x and even P/S higher than 12x aren’t out of the ordinary. Although, it’s not wise to just take the P/S at face value as there may be an explanation why it’s so limited.
