Veeva Systems Inc (NYSE: VEEV) has seen a decline in its stock price by -0.82 in relation to its previous close of 181.93. However, the company has experienced a -2.98% decline in its stock price over the last five trading sessions. zacks.com reported 2024-07-18 that In the latest trading session, Veeva Systems (VEEV) closed at $180.43, marking a -0.82% move from the previous day.
Is It Worth Investing in Veeva Systems Inc (NYSE: VEEV) Right Now?
Veeva Systems Inc (NYSE: VEEV) has a higher price-to-earnings ratio of 53.21x compared to its average ratio. VEEV has 36-month beta value of 0.80. Analysts have mixed views on the stock, with 4 analysts rating it as a “buy,” 4 as “overweight,” 6 as “hold,” and 0 as “sell.”
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The public float for VEEV is 147.21M, and currently, short sellers hold a 1.47% ratio of that float. The average trading volume of VEEV on July 19, 2024 was 989.80K shares.
VEEV’s Market Performance
The stock of Veeva Systems Inc (VEEV) has seen a -2.98% decrease in the past week, with a 0.38% rise in the past month, and a -9.42% fall in the past quarter. The volatility ratio for the week is 1.92%, and the volatility levels for the past 30 days are at 2.02% for VEEV. The simple moving average for the past 20 days is -1.88% for VEEV’s stock, with a -9.67% simple moving average for the past 200 days.
Analysts’ Opinion of VEEV
Many brokerage firms have already submitted their reports for VEEV stocks, with BTIG Research repeating the rating for VEEV by listing it as a “Buy.” The predicted price for VEEV in the upcoming period, according to BTIG Research is $240 based on the research report published on July 09, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see VEEV reach a price target of $229, previously predicting the price at $211. The rating they have provided for VEEV stocks is “Overweight” according to the report published on October 25th, 2023.
Jefferies gave a rating of “Buy” to VEEV, setting the target price at $265 in the report published on October 13th of the previous year.
VEEV Trading at -5.56% 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 -23.84% of loss for the given period.
Volatility was left at 2.02%, however, over the last 30 days, the volatility rate increased by 1.92%, as shares surge +0.95% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.18% lower at present.
During the last 5 trading sessions, VEEV fell by -2.98%, which changed the moving average for the period of 200-days by -11.31% in comparison to the 20-day moving average, which settled at $183.98. In addition, Veeva Systems Inc saw -6.28% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at VEEV starting from Cabral Timothy S, who sale 15,000 shares at the price of $184.33 back on Jun 07 ’24. After this action, Cabral Timothy S now owns 8,391 shares of Veeva Systems Inc, valued at $2,764,931 using the latest closing price.
MATEO ALAN, the EVP Global Sales of Veeva Systems Inc, sale 3,391 shares at $200.86 during a trade that took place back on Apr 23 ’24, which means that MATEO ALAN is holding 21,983 shares at $681,116 based on the most recent closing price.
Stock Fundamentals for VEEV
Current profitability levels for the company are sitting at:
- 0.21 for the present operating margin
- 0.72 for the gross margin
The net margin for Veeva Systems Inc stands at 0.22. The total capital return value is set at 0.11. Equity return is now at value 12.59, with 9.92 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 20.97. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is 17.29.
Currently, EBITDA for the company is 466.48 million with net debt to EBITDA at -2.05. When we switch over and look at the enterprise to sales, we see a ratio of 11.27. The receivables turnover for the company is 6.2for 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 4.29.
Conclusion
To put it simply, Veeva Systems Inc (VEEV) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
