On June 11, shares of AI attribution tech company Veritone Inc., which is rapidly expanding its business relationships with radio and TV broadcasting companies, reached $23.06 after a series of ups and downs seen across the first half of 2018.
So far, the second half of 2018 looks quite ominous for shareholders, as the company’s stocks dipped an additional 3% on Monday (10/15). The result: A new 52-week low, as VERI veers even closer to its mid-August 2017 levels.
With 94,558 shares traded (average volume is 154,459 shares), Veritone shares are at $8.34. Its target estimate for Dec. 31, 2018 remains $20.50.
It has been since June 20 that Veritone shares have been below $20 a share.
Mid-November could be a pivotal time for Veritone. The provider of AI analytics and cognitive tools is scheduled to attend ROTH Capital 4th Annual Technology Corporate Access Day on November 14 at the Kimberly Hotel in New York and the Craig-Hallum 9th Annual Alpha Select Conference on November 15 at the Sheraton New York Times Square Hotel.
The events follow Veritone’s Q3 2018 earnings call, scheduled for 4:30pm on Monday, Nov. 12.