Vertex Energy Inc. (NASDAQ:VTNR) saw a downside of -3.77% to close Tuesday at $4.08 after subtracting -$0.16 on the day. The 5-day average trading volume is 1,956,860 shares of the company’s common stock. It has gained $4.68 in the past week and touched a new high 4 times within the past 5 days. An average of 2,670,025 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,628,498.
VTNR’s 1-month performance is -37.90% or -$2.33 on its low of $4.05 reached on 08/22/23. The company’s shares have touched a 52-week low of $4.19 and high of $11.20, with the stock’s rally to the 52-week high happening on 03/06/23. YTD, VTNR has lost -34.19% or -$2.12 and has reached a new high 17 times. However, the current price is down -63.57% from the 52-week high price.
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Insider Transactions
VTNR stock investors last saw insider trading activity on May 12.Cowart Benjamin P (CEO and President) most recently sold 66,666 shares at $8.00 per share on Apr 19. This transaction cost the insider $533,328. CEO and President, Cowart Benjamin P, sold 66,667 shares at a price of $8.29 on Apr 11. Then, on Mar 06, Director Stratton Christopher Allen sold 25,000 shares at a price of $10.08 per share. This transaction amounted to $251,928.
Valuation Metrics
VTNR stock has a beta of 2.05. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.12 while the price-to-book (PB) in the most recent quarter is 1.36.
Vertex Energy Inc.’s quick ratio for the period ended June 29 was 0.50, with the current ratio over the same period at 1.10. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.80, while the total debt to equity was 0.89.. In terms of profitability, the gross margin trailing 12 months is 6.90%. The trailing 12-month EBITDA margin is 5.50% while for the period ending June 29, Vertex Energy Inc.’s operating margin was 1.70%. The firm’s gross profit as reported stood at $180.01 million against revenue of $2.79 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 17.71% to -$81.4 million, while revenue of $53.86 million was 166.17% off the previous quarter. Analysts expected VTNR to announce -$0.28 per share in earnings in its latest quarter, but it posted -$1.03, representing a -267.90% surprise. EBITDA for the quarter stood at more than $28.98 million. VTNR stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 613.71 million, with total debt at $466.11 million. Shareholders hold equity totaling $93.29 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 22 August was 26.43% to suggest the stock is trending oversold, with historical volatility in this time period at 66.01%.
The stock’s 5-day moving average is $4.36, reflecting a -6.64% or -$0.29 change from its current price. VTNR is currently trading -18.15% above its 20-day SMA, -58.66% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -32.89% and SMA200 by-50.90%.
Stochastic %K and %D was 15.52% and 22.38% and the average true range (ATR) pointed at 0.31. The RSI (14) points at 30.22%, while the 14-day stochastic is at 2.53% with the period’s ATR at 0.32. The stock’s 9-day MACD Oscillator is pointing at -0.22 and -0.38 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Vertex Energy Inc. (NASDAQ: VTNR), Oppenheimer downgraded it to a Perform rating. They previously had an Outperform rating on the stock. Analysts offering their rating for VTNR stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate VTNR as a “sell,”, while 3 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 4 have offered a “buy” rating.
What is VTNR’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $6.00 and a high of $10.00, with their median price target at $8.00. Looking at these predictions, the average price target given by analysts is for Vertex Energy Inc. (VTNR) stock is $7.92.
