A Peek At What Vertex Energy Inc. (VTNR) Insiders Are Doing

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Vertex Energy Inc. (NASDAQ:VTNR) saw a downside of -2.47% to $7.11 after subtracting -$0.18 on Tuesday. The 5-day average trading volume is 2,310,447 shares of the company’s common stock. It has gained $7.41 in the past week and touched a new high 1 time within the past 5 days. An average of 1,980,762 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,571,453.

VTNR’s 1-month performance is 26.78% or $0.93 on its low of $5.60 reached on 01/05/23. The company’s shares have touched a 52-week low of $3.30 and high of $18.10, with the stock’s rally to the 52-week high happening on 01/17/23. YTD, VTNR has achieved 17.58% or $0.95 and has reached a new high 7 times. However, the current price is down -60.72% from the 52-week high price.

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Insider Transactions

VTNR stock investors last saw insider trading activity on Nov 17.Cowart Benjamin P (CEO and President) most recently sold 66,666 shares at $8.13 per share on Nov 17. This transaction cost the insider $541,995. CEO and President, Cowart Benjamin P, sold 66,667 shares at a price of $8.62 on Nov 01. Then, on Oct 19, CEO and President Cowart Benjamin P sold 71,132 shares at a price of $8.07 per share. This transaction amounted to $574,035.

Valuation Metrics

VTNR stock has a beta of 2.16. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.27 while the price-to-book (PB) in the most recent quarter is 4.64.

Vertex Energy Inc.’s quick ratio for the period ended September 29 was 0.80, with the current ratio over the same period at 1.40. As well, the company’s long term debt to equity for the quarter ending September 29 was 1.79, while the total debt to equity was 1.94. In terms of profitability, the gross margin trailing 12 months is 4.40%. The firm’s gross profit as reported stood at $4.58 million against revenue of $115.78 million.

Earnings Surprise

For the quarterly period ending September 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 64.28% to $22.23 million, while revenue of -$66.98 million was 401.3% off the previous quarter. Analysts expected VTNR to announce $0.15 per share in earnings in its latest quarter, but it posted $0.28, representing a 86.70% surprise. EBITDA for the quarter stood at more than $29.91 million. VTNR stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 527.24 million, with total debt at $398.0 million. Shareholders hold equity totaling $75.67 million.

Let’s look briefly at Vertex Energy Inc. (VTNR) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 62.27% to suggest the stock is trending Neutral, with historical volatility in this time period at 46.15%.

The stock’s 5-day moving average is $7.07, reflecting a -0.14% or -$0.01 change from its current price. VTNR is currently trading +15.70% above its 20-day SMA, -14.06% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -9.15% and SMA200 by-7.50%.

Stochastic %K and %D was 77.78% and 72.31% and the average true range (ATR) pointed at 0.41. The RSI (14) points at 57.71%, while the 14-day stochastic is at 77.11% with the period’s ATR at 0.42. The stock’s 9-day MACD Oscillator is pointing at 0.20 and 0.51 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Vertex Energy Inc. (NASDAQ: VTNR), UBS launched coverage with a Neutral rating.

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