Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
As of close of business last night, Veeva Systems Inc’s stock clocked out at $192.86, up 2.48% from its previous closing price of $188.20. In other words, the price has increased by $2.48 from its previous closing price. On the day, 0.54 million shares were traded. VEEV stock price reached its highest trading level at $193.335 during the session, while it also had its lowest trading level at $190.89.
Ratios:
To gain a deeper understanding of VEEV’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.54 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 27.41. For the most recent quarter (mrq), Quick Ratio is recorded 4.29 and its Current Ratio is at 4.29. 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, BTIG Research on July 09, 2024, initiated with a Buy rating and assigned the stock a target price of $240.
On October 25, 2023, Wells Fargo Upgraded its rating to Overweight which previously was Equal Weight and also upped its target price recommendation from $211 to $229.
On October 13, 2023, Jefferies started tracking the stock assigning a Buy rating and target price of $265.Jefferies initiated its Buy rating on October 13, 2023, with a $265 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jun 07 ’24 when Cabral Timothy S sold 15,000 shares for $184.33 per share. The transaction valued at 2,764,931 led to the insider holds 8,391 shares of the business.
MATEO ALAN sold 3,391 shares of VEEV for $681,116 on Apr 23 ’24. The EVP Global Sales now owns 21,983 shares after completing the transaction at $200.86 per share. On Apr 15 ’24, another insider, Faddis Jonathan, who serves as the SVP, Gen. Counsel, Secretary of the company, sold 3,598 shares for $207.42 each. As a result, the insider received 746,297 and left with 10,668 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 31176204288 and an Enterprise Value of 25713557504. As of this moment, Veeva’s Price-to-Earnings (P/E) ratio for their current fiscal year is 56.88, and their Forward P/E ratio for the next fiscal year is 28.40. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.17. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.53 while its Price-to-Book (P/B) ratio in mrq is 6.38. Its current Enterprise Value per Revenue stands at 10.336 whereas that against EBITDA is 45.79.
Stock Price History:
The Beta on a monthly basis for VEEV is 0.80, which has changed by 0.0065785646 over the last 52 weeks, in comparison to a change of 0.24841464 over the same period for the S&P500. 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 4.13%, while the 200-Day Moving Average is calculated to be -2.57%.
Shares Statistics:
It appears that VEEV traded 1.03M shares on average per day over the past three months and 675870 shares per day over the past ten days. A total of 161.26M shares are outstanding, with a floating share count of 147.21M. Insiders hold about 8.93% of the company’s shares, while institutions hold 82.90% stake in the company. Shares short for VEEV as of 1722384000 were 2167484 with a Short Ratio of 2.10, compared to 1719532800 on 2166143. Therefore, it implies a Short% of Shares Outstanding of 2167484 and a Short% of Float of 1.47.
Earnings Estimates
At present, 22.0 analysts are actively evaluating the performance of Veeva Systems Inc (VEEV) in the stock market.The consensus estimate for the next quarter is $1.54, with high estimates of $1.59 and low estimates of $1.34.
Analysts are recommending an EPS of between $6.24 and $6.1 for the fiscal current year, implying an average EPS of $6.16. EPS for the following year is $6.79, with 26.0 analysts recommending between $7.03 and $6.52.
Revenue Estimates
In the current quarter, 23 analysts expect revenue to total $668.39M. It ranges from a high estimate of $680.6M to a low estimate of $665.59M. As of the current estimate, Veeva Systems Inc’s year-ago sales were $590.23MFor the next quarter, 23 analysts are estimating revenue of $685.02M. There is a high estimate of $697.2M for the next quarter, whereas the lowest estimate is $679.7M.
A total of 28 analysts have provided revenue estimates for VEEV’s current fiscal year. The highest revenue estimate was $2.72B, while the lowest revenue estimate was $2.7B, resulting in an average revenue estimate of $2.71B. In the same quarter a year ago, actual revenue was $2.36BBased on 27 analysts’ estimates, the company’s revenue will be $3.04B in the next fiscal year. The high estimate is $3.12B and the low estimate is $2.99B.
