As of Friday close, Veeva Systems Inc.’s (NYSE:VEEV) stock was down -$0.68, moving down -0.36 percent to $186.97. The average number of shares traded per day over the past five days has been 698,260 shares. 1 time new highs have been achieved over the past 5 days, with a -$7.14 fall in that time frame. In the last twenty days, the average volume was 679,845, while in the previous 50 days, it was 817,802.
Since last month, VEEV stock retreated -5.99%. Shares of the company fell to $184.23 on 08/18/23, the lowest level in the past month. A 52-week high of $226.12 was reached on 07/19/23 after having rallying from a 52-week low of $151.02. Since the beginning of this year, VEEV’s stock price has risen by 15.86% or $25.59, and marked a new high 21 times. However, the stock has declined by -17.32% since its 52-week high.
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VEEV stock investors should be aware that Veeva Systems Inc. (VEEV) stock had its last reported insider trading activity 37 days ago on Jul 13. Hedley Mary Lynne, the Director of the company, disposed of 138 shares for $208.31 on Jul 13. It resulted in a $28,747 divestment by the insider. Hedley Mary Lynne sold 92 shares at an average price of $207.20 on Jul 12. The insider now owns 3,744 shares following the transaction. On Jun 12, Director Chamberlain Paul Edward sold 160 shares at $189.22 apiece. The transaction was valued at $30,275.
Valuation Metrics
Right now, Veeva Systems Inc. (VEEV) has a P/E ratio of about 52.01. The stock’s beta is 0.93. Besides these, the trailing price-to-sales (P/S) ratio of 13.66, the price-to-book (PB) ratio of 7.58, and the price-to-cash flow ratio of 37.58 may also be considered.
Financial Health
In the three months ended April 29, Veeva Systems Inc.’s quick ratio stood at 4.20, while its current ratio was 4.20, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 70.80% percent. In the year ended April 29, EBITDA margin amounted to 23.05%, whereas operating margins totaled 18.10%. Based on annual data, VEEV earned $1.55 billion in gross profit and brought in $2.16 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 11.80%. Return on equity (ROE) for the past 12 months was 14.50%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. VEEV’s revenue rose 4.03% to $259.11 million during the quarter, while net income inched up to $526.33 million. While analysts expected Veeva Systems Inc. to report $0.79 quarterly earnings, the actual figure was $0.91 per share, beating the consensus estimate by 15.20%. During the quarter, the company generated $70.72 million in EBITDA. The liabilities of Veeva Systems Inc. were 1.08 billion at the end of its most recent quarter ended April 29, and its total debt was $58.23 million. The value of shareholders’ equity is $160.22 million.
Technical Picture
This quick technical analysis looks at Veeva Systems Inc.’s (VEEV) price momentum. With a historical volatility rate of 12.92%, the RSI 9-day stood at 27.77% on 18 August.
With respect to its five-day moving average, the current Veeva Systems Inc. price is down by -3.68% percent or -$7.14. At present, VEEV shares trade -6.38% below its 20-day simple moving average and +5.31% percent above its 100-day simple moving average. However, the stock is currently trading approximately -1.01% below its SMA50 and +11.33% above its SMA200.
Stochastic coefficient K was 11.17% and Stochastic coefficient D was 10.55%, while ATR was 4.05. Given the Stochastic reading of 13.33% for the 14-day period, the RSI (14) reading has been calculated as 35.34%. As of today, the MACD Oscillator reading stands at -2.81, while the 14-day reading stands at -5.08.
Analyst Ratings
Veeva Systems Inc. downgraded its rating on Veeva Systems Inc. (NYSE: VEEV) to an Underweight in a note to investors on June 28, 2023. The analysts firm previously had an Equal-weight rating on the stock.Veeva Systems Inc. (VEEV) has been rated Overweight by analysts. According to 1 brokerage firm, VEEV is a sell, and 10 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 4 analysts rate Veeva Systems Inc. stock as buy, with 14 recommending it as overweight.
With a median target price of $210.00, the current consensus forecast for the stock is $170.00 – $240.00. Based on these forecasts, analysts predict Veeva Systems Inc. (VEEV) will achieve an average price target of $210.60.
