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Verdict
Quantitative factor alignment verified for current market regime.
Quant Score
Rank
#4714
Positioning
Market Dominance
Manufacturing
Computer Software
$29M
Allen Salmasi
At Veea, we're dedicated to simplifying the journey towards a smarter, more connected world. Headquartered in New York City, our team combines deep expertise in content delivery, edge computing, and advanced wireless technologies. With a rich history of innovation and over 100 patents in key tech areas, Veea stands at the forefront of edge computing. We don't just provide technology solutions; but are committed to transforming connectivity from the device edge inwards, reshaping how data is processed, secured, and leveraged for a smarter future.
Headcount
—
HQ Base
Pending Verification
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X-AXIS: EV/EBITDA (LOWER = CHEAPER) | Y-AXIS: ROE (HIGHER = ELITE) | RED CIRCLE = VEEA ANALYSIS TARGET
| Stock | Rating | Score▼ | Quality | Value | Momentum | P/E | EV/EBITDA | ROE | ROA | Gross Mgn | Op Mgn | Net Mgn | Rev Growth | Div Yield | D/E | Mkt Cap | AUDIT |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
$UL UNILEVER PLC | 78 | 96 | 98 | 59 | - | - | 28.5% | 8.0% | 100.0% | 100.0% | 10.4% | -4.6% | 3.3% | 0.0x | $141.8B | VS | |
$ASML ASML HOLDING NV | 77 | 89 | 86 | 83 | - | - | 46.1% | 16.6% | 51.3% | 31.9% | 26.8% | -4.0% | 1.0% | 25.0x | $272.1B | VS | |
$ESLT ELBIT SYSTEMS LTD | 76 | 81 | 87 | 85 | - | - | 10.3% | 3.1% | 24.1% | 7.2% | 4.7% | 14.3% | 0.8% | 25.0x | $11.4B | VS | |
$MT ArcelorMittal | 75 | 71 | 98 | 85 | - | - | 2.2% | 1.5% | 9.3% | 5.3% | 2.2% | -8.5% | 2.2% | 16.0x | $18.9B | VS | |
$AMAT APPLIED MATERIALS INC /DE | 75 | 85 | 87 | 84 | 20.9x | 13.6x | 35.5% | 19.8% | 48.7% | 29.2% | 24.7% | 4.4% | 0.8% | 32.0x | $181.9B | VS | |
$SIMO Silicon Motion Technology CORP | 75 | 84 | 86 | 85 | - | - | 11.8% | 8.8% | 45.9% | 11.3% | 11.1% | 25.7% | 3.7% | 0.0x | $1.8B | VS | |
$CODA Coda Octopus Group, Inc. | 74 | 83 | 90 | 79 | 16.3x | 11.9x | 7.6% | 7.0% | 66.5% | 17.1% | 15.6% | 39.0% | 0.0% | 0.0x | $115M | VS | |
$GSK GSK plc | 74 | 84 | 90 | 70 | - | - | 22.6% | 4.9% | 71.2% | 12.8% | 9.4% | 1.7% | 5.9% | 124.0x | $72.1B | VS | |
$EFXT Enerflex Ltd. | 74 | 80 | 91 | 83 | - | - | 3.0% | 1.1% | 20.9% | 7.3% | 1.3% | 3.0% | 0.9% | 67.0x | $1.2B | VS | |
$BUD Anheuser-Busch InBev SA/NV | 74 | 84 | 97 | 63 | - | - | 8.2% | 3.5% | 55.3% | 25.9% | 12.4% | 0.7% | 1.7% | 0.0x | $87.0B | VS | |
$VEEA VEEA INC. | 27 | 18 | 41 | 11 | 13.7x | 7.7x | 550.3% | -119.0% | 60.3% | -40962.4% | -11204.7% | 255.1% | 0.0% | - | $29M | ||
| SECTOR BENCH | - | - | - | - | - | 22.3x | 11.5x | -2.5% | -0.1% | 42.5% | 1.3% | -0.2% | 5.9% | 0.0% | 0.2x | - | REF |
VEEA INC. (VEEA) receives a "Avoid" rating with a composite score of 26.5/100. It ranks #4714 out of 7,333 stocks in our coverage universe and carries a 1-star rating. Ratings are driven by a 6-factor quantitative model measuring quality, value, momentum, investment, stability, and short interest.
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YOY expansion rate
Core pricing power
Operating efficiency
Bottom-line conversion
Equity capital efficiency
Asset base utilization
Direct cash return
Allen Salmasi
Chief Executive Officer
18
16
27
Audit Verdict: Lower quality and stability scores may indicate governance concerns.
No recent insider transactions available for VEEA
Lagging peers — losers tend to keep underperforming
Fair valuation relative to peers
Weak fundamentals — higher risk of value trap
High volatility — wider range of outcomes increases timing risk
Aggressive spending — empire-building risk, dilutive growth
Below-average composite — caution warranted
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Relative valuation derived from Manufacturing sector benchmarks. Model weights: EV/EBITDA (40%), P/B (35%), P/S (25%). Re-calculated daily.
Projection based on user-defined inputs. Re-calculated daily against current market data.
Reverse DCF Framework — Mauboussin Methodology
Institutional-grade Reverse DCF analysis. This model identifies the growth hurdles embedded in current market prices. When implied growth is significantly lower than historical or projected rates, a margin of safety may exist. Re-audited daily.
No analyst ratings for VEEA.
View All RatingsHigh margin volatility — erratic forensic earnings quality
ROIC -22.7% vs WACC 6.3% (spread -29.0%)
GM 60% vs sector 43%, OM -40962% vs sector 1%
Capital turnover 0.01x, R&D intensity 113.2%
Rev growth 255%, 4yr history
Interest coverage -10.5x
Composite assessment of profitability, capital efficiency, and financial strength. Top-tier entities demonstrate sustainable cash flow generation and elite competitive moats.
Profit generated per dollar of shareholder equity
Efficiency of asset utilization
Pricing power and cost efficiency
Core business profitability
Bottom-line profitability
The Quality factor evaluates the persistence and magnitude of realized cash flows. Companies with scores >70 exhibit superior pricing power and structural financial resilience through diverse economic regimes.
Our uncertainty rating tracks the predictability of future cash flows and potential for permanent capital loss. Moderate visibility with standard industry cyclicality.
Our quantitative model flags VEEA INC. with an Avoid rating, assigning a composite score of 26.5/100 and 1 out of 5 stars. Ranked #4714 of 7,333 stocks, VEEA falls in the bottom tier across key factors. Historically, stocks with this profile have faced elevated risk of underperformance and capital loss.
VEEA INC. registers a weak quality score of just 18/100, indicating significant profitability challenges. The company reports a return on equity of 550.3% (sector avg: -2.5%), gross margins of 60.3% (sector avg: 42.5%), net margins of -11204.7% (sector avg: -0.2%). Low quality scores are often associated with businesses in turnaround mode, early-stage growth, or structurally challenged industries.
With a value score of 41/100, VEEA appears somewhat expensive relative to its fundamentals. Key valuation metrics include a P/E ratio of 13.70x, an EV/EBITDA of 7.72x. Investors paying a premium here are likely betting on above-average growth or margin expansion to justify current prices.
VEEA INC.'s investment score of 16/100 suggests limited reinvestment activity. Key growth metrics include revenue growth of 255.1% vs. a sector average of 5.9% and a return on assets of -119.0% (sector: -0.1%). While this can be positive for mature, cash-generative businesses returning capital to shareholders, it may also signal a lack of growth opportunities or management conservatism.
VEEA INC. is experiencing notably weak momentum with a score of just 11/100. The stock has underperformed its peers and is trending below major moving averages. Revenue growth stands at 255.1% year-over-year, while a beta of 1.03 reflects its sensitivity to broader market moves. While deep momentum weakness can occasionally present value opportunities, it often reflects deteriorating fundamentals or structural headwinds that may persist.
VEEA's stability score of 27/100 signals elevated volatility and/or leverage concerns. Key stability metrics include a beta of 1.03. Investors should be prepared for wider-than-average price swings and consider position sizing accordingly to manage portfolio risk.
The short interest score of 52/100 for VEEA suggests somewhat elevated bearish positioning by institutional traders. Specific risk factors include micro-cap liquidity risk. With a $29M market cap (micro-cap), VEEA INC. may experience above-average volatility. Investors should consider whether the short thesis has merit or if it creates a potential short-squeeze opportunity.
VEEA INC. is a micro-cap company in the Manufacturing sector, ranked #0 of 50 in its sector (100th percentile) and #4714 of 7,333 overall (36th percentile). Key comparisons include ROE of 550.3% exceeding the -2.5% sector median and operating margins of -40962.4% below the 1.3% sector average. This top-quartile standing reflects exceptional competitive strength relative to Manufacturing peers.
While VEEA currently exhibits a AVOID profile, superior opportunities exist within the MANUFACTURING sector. Our model identifies several "Strong Buy" candidates with higher quality scores and more attractive valuations among direct industry competitors.
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Improvement in Momentum (11) would have the largest impact on the composite score.
EV/EBITDA 33% BELOW SECTOR MEDIAN (FAVORABLE)
ROE 22290% BELOW SECTOR MEDIAN
Gross Margin 42% ABOVE SECTOR MEDIAN (FAVORABLE)
AUDIT DATA AS OF SEP 30, 2025 (Q2 FY2025)
We rate VEEA INC. (VEEA) as Avoid with a composite score of 26.5/100 at a current price of $0.43. The stock falls in the bottom quintile of our universe across key quantitative factors, and the multi-factor weakness suggests a high probability of continued underperformance.
The rating is primarily driven by strength in value (41th percentile) and stability (27th percentile), which together account for the majority of the composite score. Offsetting weakness in momentum (11th percentile) and investment (16th percentile) tempers our overall conviction. We assign a No Moat rating (31/100), High uncertainty, and Poor capital allocation.
Key items to watch: momentum to confirm whether the current price trend has legs; sustainability of the current growth rate; the path to profitability. Any material change in these dynamics could warrant a reassessment of our rating. The moat trend is stable, which suggests the competitive landscape is stable for now.
VEEA INC. holds a top-quartile position (#0 of 50) within the Manufacturing sector, based on our composite quantitative scoring across quality, value, momentum, and stability factors. The composite score of 26.5/100 places it at rank #4714 in our full 7,333-stock universe. At $29M in market capitalization, VEEA INC. is a small-cap player in the Manufacturing space, which limits certain scale advantages but may allow for more agile strategic execution.
Revenue is growing at 255%, though momentum at the 11th percentile suggests the market has not yet fully recognized this trajectory. This potential disconnect between fundamental improvement and market recognition could represent an opportunity for patient investors if the growth trend persists.
The margin cascade tells an important story: gross margins of 60% (+17.8pp vs sector) narrow to operating margins of -40962% (-40963.7pp vs sector) and net margins of -11204.7%, yielding a gross-to-net conversion rate of -18589%. The significant margin erosion from gross to net suggests elevated operating expenses, high interest costs, or other structural drags that warrant monitoring.
At a current price of $0.43, VEEA INC. is trading near fair value based on current fundamentals. Our value factor score of 41/100 reflects a composite assessment across multiple valuation metrics including price-to-earnings, price-to-book, EV/EBITDA, and price-to-sales ratios relative to both sector peers and the broader market. Valuation metrics are mixed, with no strong signal of mispricing in either direction.
The stock currently trades at a P/E of 13.7x (a 38% discount to the sector median of 22.3x), EV/EBITDA of 7.7x (discounted to peers), P/S of 76.3x. The below-sector P/E suggests possible undervaluation or the market pricing in near-term headwinds.
Gross margins of 60% signal strong pricing power and brand/IP advantages — businesses with margins above 40% have historically demonstrated more resilient earnings through economic cycles.
Returns on equity of 550.3% exceed the cost of equity for most companies, indicating genuine shareholder value creation and a reinvestment engine that compounds wealth over time.
Revenue growth of 255% confirms the business is expanding its addressable market — growth at this level typically supports multiple expansion and attracts institutional capital.
The Avoid rating (composite 26.5/100) reflects multi-factor weakness, and historically, stocks in this scoring range have underperformed the market by a meaningful margin.
Thin net margins of -11204.7% provide limited cushion against cost pressures, competitive pricing, or macroeconomic headwinds — even small changes in costs could swing the company to a loss.
We assign a High uncertainty rating to VEEA INC.. Key risk factors include current negative profitability (net margin -11204.7%), below-average price stability (27th percentile), weak quality scores (18th percentile). The wide range of potential outcomes widens our fair value estimate and increases the possibility of permanent capital impairment. Investors considering this name should size positions accordingly and demand a meaningful margin of safety before initiating.
Specific risk factors that inform our assessment include: current negative profitability (net margin -11204.7%); below-average price stability (27th percentile); weak quality scores (18th percentile). Each of these factors independently widens the distribution of potential outcomes, and in combination they create a risk profile that demands careful position sizing. The stability factor at the 27th percentile and quality factor at the 18th percentile provide a quantitative summary of the overall risk landscape.
Key risk mitigants include: healthy gross margins of 60% provide a buffer against cost pressures. These factors partially offset the identified risks and provide downside protection in adverse scenarios. On balance, the risk-reward profile warrants caution and disciplined position management.
We rate VEEA INC.'s capital allocation as Poor. Key concerns include negative profitability, weak asset returns (ROA -119.0%). Exemplary capital allocators generate ROE above 20% and maintain conservative leverage — VEEA INC. significantly underperforms these benchmarks, raising questions about management's ability to create shareholder value.
Investors should scrutinize management's reinvestment decisions and balance sheet trajectory before committing capital. Poor capital allocation often compounds over time: overlevered balance sheets limit strategic flexibility, while low returns on capital destroy shareholder value. We would need to see sustained improvement in profitability metrics and balance sheet discipline before considering an upgrade.
In summary, VEEA INC. receives a Avoid rating with a composite score of 26.5/100 (rank #4714 of 7,333). Our quantitative framework assigns a No Moat (31/100, trend: stable), High uncertainty, and Poor capital allocation. The average factor score across quality, value, momentum, stability, and investment is 23/100.
Our analysis does not support a constructive view on VEEA INC. at this time. The combination of limited competitive advantages, high uncertainty, and poor capital allocation suggests unfavorable risk-reward at current levels. We recommend investors avoid new positions and existing holders consider reducing exposure.
Analysis derived from Blank Capital Research quantitative terminal. For informational purposes only. No trade solicitation. Past performance not indicative of future results. Consult a qualified advisor.
We do not assign VEEA INC. a meaningful economic moat, scoring 31/100 on our composite assessment. The ROIC-WACC spread of -29.0% is the primary signal of economic value creation. Current fundamentals do not demonstrate the kind of durable competitive advantages — such as superior returns on invested capital, margin superiority, or reinvestment efficiency — that would protect the company from competitive erosion over the long term. The highest-scoring pillar, growth durability, reached only 9.5/20.
The strongest moat sources are growth durability (9.5/20) and margin superiority (8.7/20). Rev growth 255%, 4yr history. GM 60% vs sector 43%, OM -40962% vs sector 1%. These pillars form the core of VEEA INC.'s competitive identity and are the primary drivers of excess returns in our framework.
Areas of relative weakness include financial resilience (2.5/20) and economic value creation (2.9/20). Interest coverage -10.5x. Improvement in these areas could meaningfully widen the moat over time, while deterioration would be an early warning of competitive erosion.
Our moat trend assessment is Stable. Multi-year ROIC and operating margin trajectories show neither meaningful improvement nor deterioration, suggesting the competitive position is steady. We expect VEEA INC.'s moat profile to remain largely unchanged absent a material shift in return on capital or industry dynamics.
Key profit drivers include gross margins of 60% providing a solid profitability foundation, robust top-line growth of 255% expanding the revenue base, returns on equity of 550.3% driving shareholder value creation. The margin cascade from 60% gross to -40962% operating to -11204.7% net reveals the company's cost structure and reinvestment intensity. Our analysis indicates that profit quality raises some durability concerns, with the quality factor at the 18th percentile.
The margin profile shows gross margins of 60%, operating margins of -40962%, net margins of -11204.7%. Return metrics include ROE of 550.3% and ROA of -119.0%. Relative to the Manufacturing sector, gross margins are 17.8 percentage points above the sector median of 43%, and ROE of 550.3% compares to a sector median of -2.5%.
The balance sheet reflects revenue growth of 255%. Overall balance sheet health is adequate for the current business environment.
Weak momentum (11th percentile) suggests institutional selling pressure and unfavorable technical dynamics that may persist.
Below-average quality (18th percentile) raises durability concerns about the fundamental profile and increases the risk of negative earnings surprises.
Above 50MA
37.18%
Net New Highs
+51081
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Tactical Resources shareholders have officially approved the proposed business combination with Plum Acquisition. This strategic move is expected to enhance shareholder value and position the combined entity for future growth in the competitive market. The approval marks a significant milestone towards finalizing the merger.