Verint Systems Inc. (NASDAQ:VRNT) saw an upside of 0.52% to close Friday at $32.56 after adding $0.17 on the day. The 5-day average trading volume is 511,160 shares of the company’s common stock. It has gained $35.86 in the past week and touched a new high 2 times within the past 5 days. An average of 348,210 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 456,038.
VRNT’s 1-month performance is -13.70% or -$7.28 on its low of $31.64 reached on 08/18/23. The company’s shares have touched a 52-week low of $31.63 and high of $51.01, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, VRNT has lost -10.25% or -$3.72 and has reached a new high 7 times. However, the current price is down -36.17% from the 52-week high price.
Insider Transactions
VRNT stock investors last saw insider trading activity on Jul 20.BODNER DAN (Chairman & CEO) most recently sold 29,230 shares at $38.33 per share on Jul 20. This transaction cost the insider $1,120,386. Director, Nottenburg Richard N, sold 257 shares at a price of $36.74 on Jul 13. Then, on Jun 30, Director KURTZ WILLIAM sold 1,800 shares at a price of $35.35 per share. This transaction amounted to $63,630.
Valuation Metrics
VRNT stock has a beta of 1.01. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.31 while the price-to-book (PB) in the most recent quarter is 2.58, with the price to cash flow ratio at 18.79.
Verint Systems Inc.’s quick ratio for the period ended April 29 was 1.20, with the current ratio over the same period at 1.30. As well, the company’s long term debt to equity for the quarter ending April 29 was 0.50, while the total debt to equity was 0.50. In terms of profitability, the gross margin trailing 12 months is 68.20%. The trailing 12-month EBITDA margin is 14.10% while for the period ending April 29, Verint Systems Inc.’s operating margin was 7.30%. The firm’s gross profit as reported stood at $607.18 million against revenue of $902.25 million.
Earnings Surprise
For the quarterly period ending April 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -157.07% to -$1.91 million, while revenue of $9.14 million was 578.53% off the previous quarter. Analysts expected VRNT to announce $0.47 per share in earnings in its latest quarter, but it posted $0.53, representing a 12.80% surprise. EBITDA for the quarter stood at more than $26.27 million. VRNT stock balance sheet for the quarter ending April 29 shows that total liabilities totaled 978.71 million, with total debt at $456.47 million. Shareholders hold equity totaling $64.29 million.
Let’s look briefly at Verint Systems Inc. (VRNT) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 18 August was 22.70% to suggest the stock is trending oversold, with historical volatility in this time period at 35.47%.
The stock’s 5-day moving average is $34.02, reflecting a -6.97% or -$2.44 change from its current price. VRNT is currently trading -13.45% above its 20-day SMA, -11.69% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -13.68% and SMA200 by-8.10%.
Stochastic %K and %D was 7.71% and 14.85% and the average true range (ATR) pointed at 1.06. The RSI (14) points at 29.31%, while the 14-day stochastic is at 15.94% with the period’s ATR at 1.02. The stock’s 9-day MACD Oscillator is pointing at -1.35 and -2.14 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Verint Systems Inc. (NASDAQ: VRNT), Jefferies downgraded it to a Hold rating. They previously had a Buy rating on the stock. Analysts offering their rating for VRNT stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate VRNT as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 6 have offered a “buy” rating.
What is VRNT’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $40.00 and a high of $50.00, with their median price target at $46.00. Looking at these predictions, the average price target given by analysts is for Verint Systems Inc. (VRNT) stock is $46.43.
