Vertex Energy Inc (NASDAQ:VTNR) finished Wednesday with an addition of $0.17 to close at $4.66, an upside of 3.79 percent. An average of 1,948,560 shares of common stock have been traded in the last five days. There was a fall of -$0.34 in the past week, and it reached a new high 19 times over the past 12 months. The last 20 days have seen an average of 2,069,795 shares traded, while the 50-day average volume stands at 2,448,094.
VTNR stock has increased by 8.88% in the last month. The company shares reached their 1-month lowest point of $4.05 on 08/28/23. With the stock rallying to its 52-week high on 03/06/23, shares of the company touched a low of $3.91 and a high of $11.20 in 52 weeks. It has reached a new high 17 times so far this year and lost -24.84% or -$1.54 in price. In spite of this, the price is down -58.39% from the 52-week high.
Insider Transactions
VTNR stock investors should be aware that Vertex Energy Inc (VTNR) stock had its last reported insider trading activity 162 days ago on May 12. In this transaction, the insider spent $533,328. CEO and President, Cowart Benjamin P, disposed of 66,667 shares at a price of $8.29 on Apr 11. The insider now owns more than $552,669 worth of shares. Prior to that, Director Stratton Christopher Allen went on to Sale 25,000 shares at $10.08 each on Mar 06. An amount of $251,928 was transacted.
Valuation Metrics
Vertex Energy Inc (VTNR) stock’s beta is 2.01. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.14, the price-to-book (PB) ratio at 1.82.
Financial Health
The quick ratio of Vertex Energy Inc for the three months ended June 29 was 0.46, and the current ratio was 1.09, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.08 and a total debt to equity ratio of 1.95 for the quarter ending June 29. Vertex Energy Inc’s EBITDA margin for the year ending June 29 is 5.50%, while its operating margin for the same period stands at 2.20%. Its gross profit as reported stood at $180.01 million compared to revenue of $2.79 billion.
Earnings Surprise
For the three-month period that ended June 29, Vertex Energy Inc had $123.65 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$81.4 million in the quarter, while revenues of $53.86 million were grew 17.71%. The analyst consensus anticipated Vertex Energy Inc’s latest quarter earnings to come in at -$0.28 per share, but it turned out to be -$1.03, a -267.90% surprise. For the quarter, EBITDA amounted to $28.98 million. Shareholders own equity worth $93.29 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Vertex Energy Inc (VTNR) price momentum. RSI 9-day as of the close on 27 September was 43.98%, suggesting the stock is Neutral, with historical volatility in this time frame at 44.16%.
As of today, VTNR’s price is $4.68 -6.80% or -$0.34 from its 5-day moving average. VTNR is currently trading +7.37% higher than its 20-day SMA and -34.55% lower than its 100-day SMA. However, the stock’s current price level is -28.42% below the SMA50 and -26.03% below the SMA200.
The stochastic %K and %D were 19.09% and 22.92%, respectively, and the average true range (ATR) was 0.27. With the 14-day stochastic at 29.19% and the average true range at 0.28, the RSI (14) stands at 45.81%. The stock has reached -0.29 on the 9-day MACD Oscillator while the 14-day reading was at -0.39.
Analyst Ratings
Oppenheimer downgraded Vertex Energy Inc (NASDAQ: VTNR) to a a Perform rating in its most recent analyst report. Previously, the stock was rated as an Outperform. The consensus rating for Vertex Energy Inc (VTNR) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell VTNR, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 4 others rate it as a “buy”.
