NYSE:VEEV—A High-Growth Stock Gearing Up for Its Next Upward Move.

In this article, we'll take a closer look at VEEVA SYSTEMS INC-CLASS A (NYSE:VEEV) as a potential candidate for growth investing. While it's important for investors to conduct their own research, VEEVA SYSTEMS INC-CLASS A has piqued our interest by appearing on our strong growth and breakout radar. Let's explore further.

How do we evaluate the Growth for NYSE:VEEV?

A key component of ChartMill's stock assessment is the Growth Rating, which spans from 0 to 10. This rating evaluates diverse growth factors, such as EPS and revenue growth, considering both past performance and future projections. NYSE:VEEV has received a 8 out of 10:

• The Earnings Per Share has grown by an nice 12.56% over the past year.
• The Earnings Per Share has been growing by 24.47% on average over the past years. This is a very strong growth
• VEEV shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 9.68%.
• VEEV shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 22.35% yearly.
• The Earnings Per Share is expected to grow by 16.14% on average over the next years. This is quite good.
• The Revenue is expected to grow by 13.63% on average over the next years. This is quite good.

Health Analysis for NYSE:VEEV

ChartMill employs a unique Health Rating system for all stocks. This rating, ranging from 0 to 10, is determined by analyzing various liquidity and solvency ratios. For NYSE:VEEV, the assigned 8 for health provides valuable insights:

• VEEV has an Altman-Z score of 18.07. This indicates that VEEV is financially healthy and has little risk of bankruptcy at the moment.
• With an excellent Altman-Z score value of 18.07, VEEV belongs to the best of the industry, outperforming 92.31% of the companies in the same industry.
• VEEV has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
• VEEV has a Current Ratio of 4.24. This indicates that VEEV is financially healthy and has no problem in meeting its short term obligations.
• VEEV's Current ratio of 4.24 is fine compared to the rest of the industry. VEEV outperforms 76.92% of its industry peers.
• A Quick Ratio of 4.24 indicates that VEEV has no problem at all paying its short term obligations.
• Looking at the Quick ratio, with a value of 4.24, VEEV is in the better half of the industry, outperforming 76.92% of the companies in the same industry.

Assessing Profitability 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 7 out of 10:

• The Return On Assets of VEEV (8.89%) is better than 94.87% of its industry peers.
• The Return On Equity of VEEV (11.32%) is better than 94.87% of its industry peers.
• VEEV's Return On Invested Capital of 7.17% is amongst the best of the industry. VEEV outperforms 97.44% of its industry peers.
• Measured over the past 3 years, the Average Return On Invested Capital for VEEV is above the industry average of 5.56%.
• VEEV's Profit Margin of 22.24% is amongst the best of the industry. VEEV outperforms 94.87% of its industry peers.
• The Operating Margin of VEEV (18.16%) is better than 97.44% of its industry peers.
• VEEV has a better Gross Margin (71.35%) than 71.79% of its industry peers.

How do we evaluate the setup for NYSE:VEEV?

Besides the Technical Rating, ChartMill assigns a Setup Rating to every stock to determine the degree of consolidation. This rating, ranging from 0 to 10, is updated daily and evaluates various short-term technical indicators. NYSE:VEEV currently holds a 7 as its setup rating, suggesting a particular level of consolidation in the stock.

VEEV has an average technical rating and also the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

More Strong Growth stocks can be found in our Strong Growth screener.

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

Our latest full technical report of VEEV contains the most current technical analsysis.

Keep in mind

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.