Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Veeva Systems Inc before investing.

In this article, we go over a few key elements for understanding Veeva Systems Inc’s stock price such as:

• Veeva Systems Inc’s current stock price and volume
• Why Veeva Systems Inc’s stock price changed recently
• Upgrades and downgrades for VEEV from analysts
• VEEV’s stock price momentum as measured by its relative strength

About Veeva Systems Inc (VEEV)

Before we jump into Veeva Systems Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Veeva Systems Inc. is a provider of cloud solutions for the global life sciences industry. The Company offers span cloud software, data, and business consulting and is designed to meet the needs of its customers and their strategic business functions from research and development (R&D;) through commercialization. The Company’s three product categories: Veeva Development Cloud, Veeva Commercial Cloud, and Veeva Data Cloud. Veeva Development Cloud includes application suites for the clinical, regulatory, and safety functions of life sciences companies, all built on its Veeva Vault platform. Veeva Vault Clinical advances clinical trial execution by providing a complete and connected technology ecosystem. Veeva Commercial Cloud is a product category comprised of software and analytics solutions. Its software offerings include Veeva CRM, Veeva Vault PromoMats, Veeva Vault Medical, and Veeva Crossix. Its data offerings include Veeva OpenData, Veeva Link, and Veeva Compass.

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Veeva Systems Inc’s Stock Price as of Market Close

As of May 31, 2024, 4:00 PM, CST, Veeva Systems Inc’s stock price was $174.25.

Veeva Systems Inc is down 10.27% from its previous closing price of $194.19.

During the last market session, Veeva Systems Inc’s stock traded between $191.89 and $197.00. Currently, there are 160.53 million shares of Veeva Systems Inc stock available for purchase.

Veeva Systems Inc’s price-earnings (P/E) ratio is currently at 56.9, which is high compared to the Advanced Medical Equipment & Technology industry median of 36.1. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Veeva Systems Inc Stock Price History

Veeva Systems Inc’s (VEEV) price is currently down 12.24% so far this month.

During the month of May, Veeva Systems Inc’s stock price has reached a high of $213.00 and a low of $170.25.

Over the last year, Veeva Systems Inc has hit prices as high as $236.90 and as low as $162.36. Year to date, Veeva Systems Inc’s stock is up 7.97%.

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What Caused Veeva Systems Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of May 30, 2024, there was 1 analyst who downgraded Veeva Systems Inc’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Veeva Systems Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Veeva Systems Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Veeva Systems Inc’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Veeva Systems Inc (VEEV) by visiting AAII Stock Evaluator.

Relative Price Strength of Veeva Systems Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of May 30, 2024, Veeva Systems Inc has a weighted four-quarter relative price strength of -3.60%, which translates to a Momentum Score of 50 and is considered to be Average.

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Veeva Systems Inc Stock Price: Bottom Line

As of May 31, 2024, Veeva Systems Inc’s stock price is $174.25, which is down 10.27% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Veeva Systems Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.