Veeva Systems Inc (NYSE:VEEV) shares, rose in value, with the stock price up by 0.91% to the previous day’s close as strong demand from buyers drove the stock to $200.91.
Actively observing the price movement in the last trading, the stock closed the session at $199.09. The PE ratio was 62.46 over 12-month period. Referring to stock’s 52-week performance, its high was $236.90, and the low was $160.21. On the whole, VEEV has fluctuated by -13.92% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.73B, with a low estimate of 640.13M and a high estimate of 644.22M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 641.94M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that VEEV’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 4.48, with the price of VEEV currently trading nearly -3.97% and -8.48% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 33.35, while the 7-day volatility ratio is showing 2.10% which for the 30-day chart, stands at 1.97%. Furthermore, Veeva Systems Inc (VEEV)’s beta value is 0.76, and its average true range (ATR) is 4.68.
A comparison of Veeva Systems Inc (VEEV) with its peers suggests the former has fared considerably weaker in the market. VEEV showed an intraday change of 0.91% in last session, and over the past year, it grew by 13.51%%.
Data on historical trading for Veeva Systems Inc (NYSE:VEEV) indicates that the trading volumes over the past 3 months, they’ve averaged 971.01K. According to company’s latest data on outstanding shares, there are 161.26 million shares outstanding.
Nearly 8.92% of Veeva Systems Inc’s shares belong to company insiders and institutional investors own 79.88% of the company’s shares. The stock has risen by 4.36% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the VEEV stock heading into the next quarter.
