The stock price of Veeva Systems Inc (NYSE: VEEV) has dropped by -1.77 compared to previous close of 213.68. Despite this, the company has seen a fall of -11.26% in its stock price over the last five trading days. prnewswire.com reported 2024-11-19 that PLEASANTON, Calif., Nov. 19, 2024 /PRNewswire/ — Veeva Systems (NYSE: VEEV) today announced its new cloud-based digital Hazard Analysis and Critical Control Point (HACCP) solution.
Is It Worth Investing in Veeva Systems Inc (NYSE: VEEV) Right Now?
The price-to-earnings ratio for Veeva Systems Inc (NYSE: VEEV) is 56.02x, which is above its average ratio. Moreover, the 36-month beta value for VEEV is 0.81. Analysts have varying opinions on the stock, with 10 analysts rating it as a “buy,” 9 as “overweight,” 9 as “hold,” and 1 as “sell.”
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The public float for VEEV is 147.47M and currently, short sellers hold a 1.63% of that float. On November 20, 2024, VEEV’s average trading volume was 911.99K shares.
VEEV’s Market Performance
The stock of Veeva Systems Inc (VEEV) has seen a -11.26% decrease in the past week, with a -5.41% drop in the past month, and a 4.19% gain in the past quarter. The volatility ratio for the week is 3.24%, and the volatility levels for the past 30 days are at 2.59% for VEEV. The simple moving average for the past 20 days is -4.12% for VEEV’s stock, with a 1.83% simple moving average for the past 200 days.
Analysts’ Opinion of VEEV
Exane BNP Paribas, on the other hand, stated in their research note that they expect to see VEEV reach a price target of $286. The rating they have provided for VEEV stocks is “Outperform” according to the report published on October 08th, 2024.
Citigroup gave a rating of “Buy” to VEEV, setting the target price at $273 in the report published on August 27th of the current year.
VEEV Trading at -2.35% 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 -12.79% of loss for the given period.
Volatility was left at 2.59%, however, over the last 30 days, the volatility rate increased by 3.24%, as shares sank -4.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.41% lower at present.
During the last 5 trading sessions, VEEV fell by -11.26%, which changed the moving average for the period of 200-days by +2.77% in comparison to the 20-day moving average, which settled at $218.91. In addition, Veeva Systems Inc saw 9.02% 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 Schwenger Thomas D., who sale 1,126 shares at the price of $240.01 back on Nov 08 ’24. After this action, Schwenger Thomas D. now owns 27,013 shares of Veeva Systems Inc, valued at $270,252 using the latest closing price.
Schwenger Thomas D., the Director of Veeva Systems Inc, proposed sale 1,126 shares at $240.01 during a trade that took place back on Nov 08 ’24, which means that Schwenger Thomas D. is holding shares at $270,252 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 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at 97.89. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is 19.35.
Currently, EBITDA for the company is 429.33 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 12.77. 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
To wrap up, the performance of Veeva Systems Inc (VEEV) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
