The stock of Veeva Systems Inc (VEEV) has gone down by -1.30% for the week, with a 12.08% rise in the past month and a 18.10% rise in the past quarter. The volatility ratio for the week is 2.39%, and the volatility levels for the past 30 days are 2.47% for VEEV. The simple moving average for the last 20 days is 2.23% for VEEV stock, with a simple moving average of 7.79% for the last 200 days.
Is It Worth Investing in Veeva Systems Inc (NYSE: VEEV) Right Now?
The price-to-earnings ratio for Veeva Systems Inc (NYSE: VEEV) is above average at 57.94x. The 36-month beta value for VEEV is also noteworthy at 0.81. 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.”
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The public float for VEEV is 147.46M, and at present, short sellers hold a 1.29% of that float. The average trading volume of VEEV on September 19, 2024 was 911.96K shares.
VEEV) stock’s latest price update
Veeva Systems Inc (NYSE: VEEV)’s stock price has increased by 0.74 compared to its previous closing price of 215.48. However, the company has seen a -1.30% decrease in its stock price over the last five trading sessions. zacks.com reported 2024-09-18 that Veeva (VEEV) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Analysts’ Opinion of VEEV
Many brokerage firms have already submitted their reports for VEEV stocks, with Citigroup repeating the rating for VEEV by listing it as a “Buy.” The predicted price for VEEV in the upcoming period, according to Citigroup is $273 based on the research report published on August 27, 2024 of the current year 2024.
BTIG Research, on the other hand, stated in their research note that they expect to see VEEV reach a price target of $240. The rating they have provided for VEEV stocks is “Buy” according to the report published on July 09th, 2024.
Wells Fargo gave a rating of “Overweight” to VEEV, setting the target price at $229 in the report published on October 25th of the previous year.
VEEV Trading at 9.94% 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 -8.37% of loss for the given period.
Volatility was left at 2.47%, however, over the last 30 days, the volatility rate increased by 2.39%, as shares surge +7.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.07% upper at present.
During the last 5 trading sessions, VEEV fell by -1.46%, which changed the moving average for the period of 200-days by +21.18% in comparison to the 20-day moving average, which settled at $213.11. In addition, Veeva Systems Inc saw 12.75% 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 2,353 shares at the price of $200.00 back on Aug 21 ’24. After this action, Faddis Jonathan now owns 9,035 shares of Veeva Systems Inc, valued at $470,600 using the latest closing price.
Faddis Jonathan, the Officer of Veeva Systems Inc, proposed sale 2,353 shares at $200.00 during a trade that took place back on Aug 21 ’24, which means that Faddis Jonathan is holding shares at $470,600 based on the most recent closing price.
Stock Fundamentals for VEEV
Current profitability levels for the company are sitting at:
- 0.23 for the present operating margin
- 0.73 for the gross margin
The net margin for Veeva Systems Inc stands at 0.24. The total capital return value is set at 0.11. Equity return is now at value 13.18, with 10.65 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 18.43. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is 19.35.
Currently, EBITDA for the company is 466.48 million with net debt to EBITDA at -1.78. When we switch over and look at the enterprise to sales, we see a ratio of 13.22. The receivables turnover for the company is 6.37for trailing twelve months and the total asset turnover is 0.41. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.01.
Conclusion
In summary, Veeva Systems Inc (VEEV) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
