NYSE:VEEV qualifies as a high growth stock and is consolidating.

Groth investors are looking for stocks showing high revenue and EPS growth. We will have a look here to see if VEEVA SYSTEMS INC-CLASS A (NYSE:VEEV) is suited for growth investing, while it is forming a base and may be ready to breakout. Investors should of course do their own research, but we spotted VEEVA SYSTEMS INC-CLASS A showing up in our growth with base formation screen, so it may be worth spending some more time on it.

Evaluating Growth: NYSE:VEEV

Every stock receives a Growth Rating from ChartMill, ranging from 0 to 10. This rating assesses various growth aspects, including historical and projected EPS and revenue growth. NYSE:VEEV boasts a 8 out of 10:

• The Earnings Per Share has grown by an nice 13.11% over the past year.
• The Earnings Per Share has been growing by 35.83% on average over the past years. This is a very strong growth
• Looking at the last year, VEEV shows a quite strong growth in Revenue. The Revenue has grown by 11.56% in the last year.
• The Revenue has been growing by 25.56% on average over the past years. This is a very strong growth!
• The Earnings Per Share is expected to grow by 13.33% on average over the next years. This is quite good.
• VEEV is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 12.76% yearly.

Health Analysis for NYSE:VEEV

ChartMill employs its own Health Rating for stock assessment. This rating, ranging from 0 to 10, is calculated by examining various liquidity and solvency ratios. In the case of NYSE:VEEV, the assigned 8 reflects its health status:

• VEEV has an Altman-Z score of 17.64. This indicates that VEEV is financially healthy and has little risk of bankruptcy at the moment.
• VEEV has a better Altman-Z score (17.64) than 95.24% of its industry peers.
• There is no outstanding debt for VEEV. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
• A Current Ratio of 4.35 indicates that VEEV has no problem at all paying its short term obligations.
• The Current ratio of VEEV (4.35) is better than 71.43% of its industry peers.
• A Quick Ratio of 4.35 indicates that VEEV has no problem at all paying its short term obligations.
• Looking at the Quick ratio, with a value of 4.35, VEEV is in the better half of the industry, outperforming 71.43% of the companies in the same industry.

Profitability Examination for NYSE:VEEV

ChartMill assigns a Profitability Rating to every stock. This score ranges from 0 to 10 and evaluates the different profitability ratios and margins, both absolutely, but also relative to the industry peers. NYSE:VEEV scores a 9 out of 10:

• With an excellent Return On Assets value of 10.33%, VEEV belongs to the best of the industry, outperforming 95.24% of the companies in the same industry.
• VEEV has a Return On Equity of 13.01%. This is amongst the best in the industry. VEEV outperforms 95.24% of its industry peers.
• VEEV has a better Return On Invested Capital (8.39%) than 97.62% of its industry peers.
• VEEV had an Average Return On Invested Capital over the past 3 years of 13.53%. This is significantly above the industry average of 4.22%.
• The last Return On Invested Capital (8.39%) for VEEV is well below the 3 year average (13.53%), which needs to be investigated, but indicates that VEEV had better years and this may not be a problem.
• Looking at the Profit Margin, with a value of 24.19%, VEEV belongs to the top of the industry, outperforming 95.24% of the companies in the same industry.
• VEEV's Operating Margin of 17.73% is amongst the best of the industry. VEEV outperforms 95.24% of its industry peers.
• VEEV has a better Gross Margin (70.71%) than 71.43% of its industry peers.

How do we evaluate the setup for NYSE:VEEV?

ChartMill also assign a Setup Rating to every stock. With this score it is determined to what extend the stock has been trading in a range in the recent days and weeks. This score also ranges from 0 to 10 and is updated daily. The setup score evaluates various short term technical indicators. NYSE:VEEV scores a 8 out of 10:

Although the technical rating is bad, VEEV does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 175.75. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 165.83, a Stop Loss order could be placed below this zone.

Our Strong Growth screener lists more Strong Growth stocks and is updated daily.

Check the latest full fundamental report of VEEV for a complete fundamental analysis.

For an up to date full technical analysis you can check the technical report of VEEV

Disclaimer

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.