Veeva Systems (VEEV) Is Today's Pre-Market Mover With Heavy Volume Stock
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
Trade-Ideas LLC identified
(
) as a pre-market mover with heavy volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Veeva Systems as such a stock due to the following factors:
- VEEV has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $38.0 million.
- VEEV traded 236,370 shares today in the pre-market hours as of 8:49 AM, representing 18% of its average daily volume.
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More details on VEEV:
Veeva Systems Inc. provides industry-specific cloud-based software solutions for the life sciences industry in North America, Europe, the Asia Pacific, and Latin America. VEEV has a PE ratio of 147.0. Currently there are 8 analysts that rate Veeva Systems a buy, no analysts rate it a sell, and 1 rates it a hold.
The average volume for Veeva Systems has been 915,200 shares per day over the past 30 days. Veeva Systems has a market cap of $1.8 billion and is part of the technology sector and computer software & services industry. Shares are up 17.3% year-to-date as of the close of trading on Monday.
Analysis:
rates Veeva Systems as a
. The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself and premium valuation.
Highlights from the ratings report include:
- VEEV has underperformed the S&P 500 Index, declining 10.55% from its price level of one year ago. Looking ahead, other than the push or pull of the broad market, we do not see anything in the company's numbers that may help reverse the decline experienced over the past 12 months. Despite the past decline, the stock is still selling for more than most others in its industry.
- The company, on the basis of net income growth from the same quarter one year ago, has significantly underperformed compared to the Health Care Technology industry average, but is greater than that of the S&P 500. The net income increased by 57.2% when compared to the same quarter one year prior, rising from $6.53 million to $10.26 million.
- The gross profit margin for VEEVA SYSTEMS INC is rather high; currently it is at 64.93%. It has increased from the same quarter the previous year. Regardless of the strong results of the gross profit margin, the net profit margin of 12.23% trails the industry average.
- Net operating cash flow has improved to $34.26 million from having none in the same quarter last year. Since the company had no net operating cash flow for the prior period, we cannot calculate a percent change in order to compare its growth rate with that of its industry average.
- You can view the full Veeva Systems Ratings Report.
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