Are these stocks underrated or low-priced for a reason? Gentex Corporation (GNTX) and Veeva Systems Inc. (VEEV)

On Oct 28, GOODE GARY F, Director exercised an option 9,414 shares of Gentex Corporation (NASDAQ: GNTX), with the average selling price of the stock being $12.37 per share. The total amount realized from this exercised an option $116,404. A document was filed with the Securities and Exchange Commission to notify the public about the exercised an option of the shares.

In addition to that, Director – GOODE GARY F sold an extra 9,414 shares of this stock in a transaction that took place a day before, on Oct 28, with a share sold at an average of $28.10 and a total of $264,543 was realized from this transaction. After the transaction, the Director – GOODE GARY F was left with 20,403 shares of the company’s stock, which is currently worth around $573324.3.

The recent price movement of GNTX means that it is now up by 0.87% from its 52-week high and 59.36% up against its 52-week low prices. Over the past one week, the price volatility of GNTX stands at 1.30% while the volatility over the past one month is 1.62%. The beta score for this stock is 1.11. A beta score below 1 means that the stock has a low volatility while above 1 signifies that a stock is highly volatile at that particular moment, a data that traders use to keep tabs on their investments.

The company on 10/18/2019 published its latest quarterly earnings, with the report showing that the company recorded 0.41 earnings per share (EPS) during that period. This report was below the expectations of analysts of 0.44 by -0.03. The revenue by the firm was 446.47M for the quarter.

The shares of Gentex Corporation (GNTX) gained by 1.19%, leading to a gain of $0.37 per share, and saw GNTX end the trading session at $31.16 on Thursday 01/16/20. GNTX started the trading session at $30.80, before reaching a daily high of $31.18. It wasn’t able to sustain that growth though and soon jumped to hit a daily low of $30.62.

The trading volume on Thursday stood at 1351102, which was below the stock’s 3-month average volume of 1.52 million shares, out of a total 251.46M shares. As the price of the stock climbed, the market valuation of the company gained to 7.83 billion.

The shares of Veeva Systems Inc. (NYSE: VEEV) went up by 2.00% by the end of the recent trading session. This movement saw its price surge to close at $147.32, which was higher than the previous closing price of $144.43. Over the past one week, the price of VEEV has jumped by 1.10%, while it has recorded a loss of -0.24% over the past one month. Its three-month performance saw VEEV lose -1.71% while its six-month performance saw it drop by -14.93%. The situation is different though over the past one year, as the stock price went up by 44.90%, while its year-to-date (YTD) price performance jumped by 4.73%. The stock price has gone up by +6.56% compared to its 90-day low, while it is down -12.65% compared to its 90-day high price.

Let’s take a look at its short, medium and long-term indicators. Composite Indicators shows that Trendspotter rated the stock as a Hold. In the short-term, the stock has a 20-day average volume of 1,343,795 shares, with the short-term indicators averagely rating the stock as a 50% Sell. A look at its medium-term indicators reveals that it has a 50-Day average volume of 1,454,106 shares and the indicators have an average rating of 50% Sell. The last indicators, the long-term see VEEV stock with a 100-Day average volume of 1,576,309 shares, giving it an average rating of 100% Sell. A look at the general picture of all short, medium and long-term indicators leaves VEEV with an average rating of 64% Sell.

Several brokerage firms sent out their reports VEEV stock not long ago. In its report sent out on January 13, 2020, Morgan Stanley lowered its ratings on VEEV from a Equal-Weight to a Overweight. In an earlier report on November 27, 2019, Canaccord Genuity Reiterated the stock to a Hold. Raymond James meanwhile in its report on September 26, 2019 Upgrade its rating of the stock from a “Outperform” to “Outperform”.

In related news to the company’s stock, around 89.50% shares are being held by institutional investors. In a recent SEC filing, the company revealed that 678 institutions currently hold the VEEV stock. In the last quarter, a 116,016,011 VEEV shares were in the possession of institutions. On the other hand, the company recorded 66 new institutions who bought it their stock, while 82 institutions sold their entire VEEV reserve. Of the current institutions investing in the stock, 302 increased their investment while 293 decreased their investment in the stock.