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Veeva Systems Inc (NYSE: VEEV) closed the day trading at $207.91 down -1.48% from the previous closing price of $211.04. In other words, the price has decreased by -$1.48 from its previous closing price. On the day, 1.06 million shares were traded. VEEV stock price reached its highest trading level at $211.7 during the session, while it also had its lowest trading level at $207.125.
Ratios:
For a better understanding of VEEV, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.89 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 34.65. For the most recent quarter (mrq), Quick Ratio is recorded 5.01 and its Current Ratio is at 5.01. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.01.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Citigroup on August 27, 2024, Reiterated its Buy rating but revised its target price to $273 from $256 previously.
On July 09, 2024, BTIG Research started tracking the stock assigning a Buy rating and target price of $240.
Wells Fargo Upgraded its Equal Weight to Overweight on October 25, 2023, whereas the target price for the stock was revised from $211 to $229.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 21 ’24 when Faddis Jonathan sold 2,353 shares for $200.00 per share. The transaction valued at 470,600 led to the insider holds 9,035 shares of the business.
Faddis Jonathan bought 2,353 shares of VEEV for $470,600 on Aug 21 ’24. On Jun 07 ’24, another insider, Cabral Timothy S, who serves as the Interim CFO of the company, sold 15,000 shares for $184.33 each. As a result, the insider received 2,764,931 and left with 8,391 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, VEEV now has a Market Capitalization of 33667698688 and an Enterprise Value of 28836673536. As of this moment, Veeva’s Price-to-Earnings (P/E) ratio for their current fiscal year is 55.49, and their Forward P/E ratio for the next fiscal year is 30.43. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.04. For the stock, the TTM Price-to-Sale (P/S) ratio is 13.08 while its Price-to-Book (P/B) ratio in mrq is 6.49. Its current Enterprise Value per Revenue stands at 11.205 whereas that against EBITDA is 45.997.
Stock Price History:
Over the past 52 weeks, VEEV has reached a high of $236.90, while it has fallen to a 52-week low of $162.72. The 50-Day Moving Average of the stock is 4.40%, while the 200-Day Moving Average is calculated to be 2.97%.
Shares Statistics:
Over the past 3-months, VEEV traded about 911.24K shares per day on average, while over the past 10 days, VEEV traded about 1081930 shares per day. A total of 161.26M shares are outstanding, with a floating share count of 147.45M. Insiders hold about 8.94% of the company’s shares, while institutions hold 79.68% stake in the company. Shares short for VEEV as of 1724976000 were 1900701 with a Short Ratio of 2.09, compared to 1722384000 on 2167484. Therefore, it implies a Short% of Shares Outstanding of 1900701 and a Short% of Float of 1.2899999500000001.
