Veeva Systems Inc (VEEV) concluded trading on Thursday at a closing price of $217.02, with 1.99 million shares of worth about $432.35 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -3.76% during that period and on August 29, 2024 the price saw a gain of about 8.86%. Currently the company’s common shares owned by public are about 161.26M shares, out of which, 147.21M shares are available for trading.
Stock saw a price change of 10.13% in past 5 days and over the past one month there was a price change of 13.07%. Year-to-date (YTD), VEEV shares are showing a performance of 12.73% which increased to 12.43% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $162.72 but also hit the highest price of $236.90 during that period. The average intraday trading volume for Veeva Systems Inc shares is 1.03 million. The stock is currently trading 13.23% above its 20-day simple moving average (SMA20), while that difference is up 15.57% for SMA50 and it goes to 9.43% higher than SMA200.
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Veeva Systems Inc (NYSE: VEEV) currently have 161.26M outstanding shares and institutions hold larger chunk of about 82.57% of that.
The stock has a current market capitalization of $35.08B and its 3Y-monthly beta is at 0.80. PE ratio of stock for trailing 12 months is 57.92, while it has posted earnings per share of $3.75 in the same period. Its PEG reads 4.24 and has Quick Ratio of 4.29 while making debt-to-equity ratio of 0.01. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for VEEV, volatility over the week remained 2.63% while standing at 2.57% over the month.
Stock’s fiscal year EPS is expected to rise by 28.66% while it is estimated to increase by 9.61% in next year. EPS is likely to shrink at an annualized rate of 13.65% for next 5-years, compared to annual growth of 16.91% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Citigroup on August 27, 2024 offering a Buy rating for the stock and assigned a target price range of between $256 and $273 to it. Coverage by BTIG Research stated Veeva Systems Inc (VEEV) stock as a Buy in their note to investors on July 09, 2024, suggesting a price target of $240 for the stock. On October 25, 2023, Wells Fargo Upgrade their recommendations, while on October 13, 2023, Jefferies Initiated their ratings for the stock with a price target of $265. Stock get an Underweight rating from Morgan Stanley on June 28, 2023.
