The price-to-earnings ratio for Veeva Systems Inc (NYSE: VEEV) is above average at 61.93x. The 36-month beta value for VEEV is also noteworthy at 0.76. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 4 rating it as “overweight,” 6 rating it as “hold,” and 0 rating it as “sell.”
The public float for VEEV is 146.92M, and at present, short sellers hold a 1.63% of that float. The average trading volume of VEEV on April 18, 2024 was 975.25K shares.
VEEV) stock’s latest price update
Veeva Systems Inc (NYSE: VEEV) has seen a decline in its stock price by -0.58 in relation to its previous close of 200.37. However, the company has experienced a -5.56% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-16 that Veeva (VEEV) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
VEEV’s Market Performance
Veeva Systems Inc (VEEV) has seen a -5.56% fall in stock performance for the week, with a -12.80% decline in the past month and a -1.33% plunge in the past quarter. The volatility ratio for the week is 2.16%, and the volatility levels for the past 30 days are at 1.80% for VEEV. The simple moving average for the past 20 days is -9.56% for VEEV’s stock, with a -1.58% simple moving average for the past 200 days.
Analysts’ Opinion of VEEV
Many brokerage firms have already submitted their reports for VEEV stocks, with Wells Fargo repeating the rating for VEEV by listing it as a “Overweight.” The predicted price for VEEV in the upcoming period, according to Wells Fargo is $229 based on the research report published on October 25, 2023 of the previous year 2023.
Jefferies, on the other hand, stated in their research note that they expect to see VEEV reach a price target of $265. The rating they have provided for VEEV stocks is “Buy” according to the report published on October 13th, 2023.
Morgan Stanley gave a rating of “Underweight” to VEEV, setting the target price at $181 in the report published on June 28th of the previous year.
VEEV Trading at -10.04% from the 50-Day Moving Average
After a stumble in the market that brought VEEV to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -15.91% of loss for the given period.
Volatility was left at 1.80%, however, over the last 30 days, the volatility rate increased by 2.16%, as shares sank -13.37% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.47% lower at present.
During the last 5 trading sessions, VEEV fell by -5.56%, which changed the moving average for the period of 200-days by +0.74% in comparison to the 20-day moving average, which settled at $218.73. In addition, Veeva Systems Inc saw 3.47% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at VEEV starting from Faddis Jonathan, who sale 3,598 shares at the price of $207.42 back on Apr 15 ’24. After this action, Faddis Jonathan now owns 10,668 shares of Veeva Systems Inc, valued at $746,297 using the latest closing price.
Cabral Timothy S, the Director of Veeva Systems Inc, sale 15,000 shares at $226.04 during a trade that took place back on Mar 07 ’24, which means that Cabral Timothy S is holding 23,391 shares at $3,390,657 based on the most recent closing price.
Stock Fundamentals for VEEV
Current profitability levels for the company are sitting at:
- 0.18 for the present operating margin
- 0.71 for the gross margin
The net margin for Veeva Systems Inc stands at 0.22. The total capital return value is set at 0.09. Equity return is now at value 12.58, with 9.81 for asset returns.
Based on Veeva Systems Inc (VEEV), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at 16.34. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is -14.19.
Currently, EBITDA for the company is 466.48 million with net debt to EBITDA at -1.4. When we switch over and look at the enterprise to sales, we see a ratio of 13.32. The receivables turnover for the company is 2.66for trailing twelve months and the total asset turnover is 0.4. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.24.
Conclusion
In summary, Veeva Systems Inc (VEEV) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
