A new trading day began on January 24, 2023, with Veeva Systems Inc. (NYSE: VEEV) stock priced at $169.01, down -0.36% from the previous day of trading. During the day, the shares moved up to $171.36 and dropped to $166.85 before settling in for the closing price of $168.70. VEEV’s price has ranged from $151.02 to $239.67 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Healthcare sector was 27.40%. Meanwhile, its annual earnings per share averaged 20.90%. With a float of $139.50 million, this company’s outstanding shares have now reached $155.39 million.
Considering the fact that the conglomerate employs 5482 people, you should pay attention to its efficiency factor.
Veeva Systems Inc. (VEEV) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Health Information Services Industry. The insider ownership of Veeva Systems Inc. is 0.10%, while institutional ownership is 93.10%. The most recent insider transaction that took place on Jan 12, was worth 730,294. In this transaction Director of this company sold 4,500 shares at a rate of $162.29, taking the stock ownership to the 1,214 shares. Before that another transaction happened on Jan 09, when Company’s Chief Executive Officer sold 1,347,812 for $153.69, making the entire transaction worth $207,139,074. This insider now owns 0 shares in total.
Veeva Systems Inc. (VEEV) Earnings and Forecasts
In its latest quarterly report, released on 7/30/2022, the company reported earnings of $1.03 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.08 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 20.90% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 12.65% during the next five years compared to 40.30% growth over the previous five years of trading.
Veeva Systems Inc. (NYSE: VEEV) Trading Performance Indicators
Here are Veeva Systems Inc.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 4.90. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 12.27. Likewise, its price to free cash flow for the trailing twelve months is 33.07.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.78, a number that is poised to hit 1.04 in the next quarter and is forecasted to reach 4.48 in one year’s time.
Technical Analysis of Veeva Systems Inc. (VEEV)
Compared to the last year’s volume of 0.94 million, its volume of 0.91 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 75.89%. Additionally, its Average True Range was 5.32.
During the past 100 days, Veeva Systems Inc.’s (VEEV) raw stochastic average was set at 30.71%, which indicates a significant decrease from 77.23% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 34.17% in the past 14 days, which was lower than the 40.96% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $172.05, while its 200-day Moving Average is $182.74. Nevertheless, the first resistance level for the watch stands at $170.68 in the near term. At $173.28, the stock is likely to face the second major resistance level. The third major resistance level sits at $175.19. If the price goes on to break the first support level at $166.17, it is likely to go to the next support level at $164.26. Should the price break the second support level, the third support level stands at $161.66.
Veeva Systems Inc. (NYSE: VEEV) Key Stats
With a market capitalization of 25.50 billion, the company has a total of 155,688K Shares Outstanding. Currently, annual sales are 1,851 M while annual income is 427,390 K. The company’s previous quarter sales were 552,350 K while its latest quarter income was 108,460 K.