A new trading day began on Tuesday, with Veeva Systems Inc (NYSE: VEEV) stock price down -1.77% from the previous day of trading, before settling in for the closing price of $213.68. VEEV’s price has ranged from $165.12 to $240.68 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
A company in the Healthcare sector has jumped its sales by 22.64% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 28.89%. With a float of $147.47 million, this company’s outstanding shares have now reached $161.26 million.
In an organization with 7172 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 73.21%, operating margin of 22.75%, and the pretax margin is 30.51%.
Veeva Systems Inc (VEEV) Insider Updates
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 8.93%, while institutional ownership is 79.70%. The most recent insider transaction that took place on Nov 08 ’24, was worth 270,252. In this transaction Pres. & Chief Customer Officer of this company sold 1,126 shares at a rate of $240.01, taking the stock ownership to the 27,013 shares. Before that another transaction happened on Nov 08 ’24, when Company’s Director proposed sale 1,126 for $240.01, making the entire transaction worth $270,252.
Veeva Systems Inc (VEEV) Performance Highlights and Predictions
In its latest quarterly report, released on 7/31/2024, the company reported earnings of 1.34 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 1.54 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 28.89% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 19.00% during the next five years compared to 16.91% 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 5.01. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 13.21. Likewise, its price to free cash flow for the trailing twelve months is 34.98.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.75, a number that is poised to hit 1.58 in the next quarter and is forecasted to reach 6.83 in one year’s time.
Technical Analysis of Veeva Systems Inc (VEEV)
Let’s dig in a bit further. During the last 5-days, its volume was 1.29 million. That was better than the volume of 0.95 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 3.10%. Additionally, its Average True Range was 6.33.
During the past 100 days, Veeva Systems Inc’s (VEEV) raw stochastic average was set at 51.34%, which indicates a significant increase from 4.85% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 44.96% in the past 14 days, which was higher than the 29.27% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $214.94, while its 200-day Moving Average is $206.11. However, in the short run, Veeva Systems Inc’s stock first resistance to watch stands at $212.46. Second resistance stands at $215.02. The third major resistance level sits at $216.36. If the price goes on to break the first support level at $208.56, it is likely to go to the next support level at $207.22. Assuming the price breaks the second support level, the third support level stands at $204.66.
Veeva Systems Inc (NYSE: VEEV) Key Stats
With a market capitalization of 33.99 billion, the company has a total of 161,934K Shares Outstanding. Currently, annual sales are 2,364 M while annual income is 525,710 K. The company’s previous quarter sales were 676,180 K while its latest quarter income was 171,040 K.
