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After finishing at $213.68 in the prior trading day, Veeva Systems Inc (NYSE: VEEV) closed at $209.89, down -1.77%. In other words, the price has decreased by -$1.77 from its previous closing price. On the day, 1.88 million shares were traded. VEEV stock price reached its highest trading level at $213.67 during the session, while it also had its lowest trading level at $209.82.
Ratios:
Our goal is to gain a better understanding of VEEV by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.96 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 34.98. 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, Scotiabank on Nov-20-24, initiated with a Sector Perform rating and assigned the stock a target price of $235.
On October 08, 2024, Exane BNP Paribas started tracking the stock assigning a Outperform rating and target price of $286.
Citigroup reiterated its Buy rating for the stock on August 27, 2024, while the target price for the stock was revised from $256 to $273.
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 Nov 08 ’24 when Schwenger Thomas D. sold 1,126 shares for $240.01 per share. The transaction valued at 270,252 led to the insider holds 27,013 shares of the business.
Schwenger Thomas D. bought 1,126 shares of VEEV for $270,252 on Nov 08 ’24. On Aug 21 ’24, another insider, Faddis Jonathan, who serves as the SVP, Gen. Counsel, Secretary of the company, sold 2,353 shares for $200.00 each. As a result, the insider received 470,600 and left with 9,035 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 33988327424 and an Enterprise Value of 29771032576. As of this moment, Veeva’s Price-to-Earnings (P/E) ratio for their current fiscal year is 56.02, and their Forward P/E ratio for the next fiscal year is 30.71. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.95. For the stock, the TTM Price-to-Sale (P/S) ratio is 13.21 while its Price-to-Book (P/B) ratio in mrq is 6.55. Its current Enterprise Value per Revenue stands at 11.568 whereas that against EBITDA is 47.487.
Stock Price History:
Over the past 52 weeks, VEEV has reached a high of $240.68, while it has fallen to a 52-week low of $165.12. The 50-Day Moving Average of the stock is -2.35%, while the 200-Day Moving Average is calculated to be 1.83%.
Shares Statistics:
The stock has traded on average 911.99K shares per day over the past 3-months and 1186550 shares per day over the last 10 days, according to various share statistics. A total of 161.26M shares are outstanding, with a floating share count of 147.47M. Insiders hold about 8.93% of the company’s shares, while institutions hold 79.70% stake in the company. Shares short for VEEV as of 1730332800 were 2398871 with a Short Ratio of 2.63, compared to 1727654400 on 1915018. Therefore, it implies a Short% of Shares Outstanding of 2398871 and a Short% of Float of 1.63.
