Vertex Energy Inc (NASDAQ: VTNR) has experienced a rise in its stock price by 13.74 compared to its previous closing price of 1.31. However, the company has seen a gain of 43.27% in its stock price over the last five trading days. Business Wire reported 2024-04-10 that HOUSTON–(BUSINESS WIRE)–Vertex Energy, Inc. (NASDAQ:VTNR) (“Vertex” or the “Company”), a leading specialty refiner and marketer of high-quality refined products and renewable fuels, today announced that it will report its first quarter 2024 financial results before the market opens on Thursday, May 9, 2024. A conference call will be held that same day at 9:00 A.M. ET to review the Company’s financial results, discuss recent events and conduct a question-and-answer session. An audio webcast of.
Is It Worth Investing in Vertex Energy Inc (NASDAQ: VTNR) Right Now?
Moreover, the 36-month beta value for VTNR is 1.63. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 1 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for VTNR is 84.78M and currently, short sellers hold a 20.62% of that float. On April 22, 2024, VTNR’s average trading volume was 2.52M shares.
VTNR’s Market Performance
VTNR’s stock has seen a 43.27% increase for the week, with a 11.19% rise in the past month and a -19.46% fall in the past quarter. The volatility ratio for the week is 14.55%, and the volatility levels for the past 30 days are at 9.99% for Vertex Energy Inc The simple moving average for the last 20 days is 20.31% for VTNR’s stock, with a simple moving average of -56.07% for the last 200 days.
Analysts’ Opinion of VTNR
Many brokerage firms have already submitted their reports for VTNR stocks, with Northland Capital repeating the rating for VTNR by listing it as a “Market Perform.” The predicted price for VTNR in the upcoming period, according to Northland Capital is $2 based on the research report published on January 24, 2024 of the current year 2024.
Stifel, on the other hand, stated in their research note that they expect to see VTNR reach a price target of $4. The rating they have provided for VTNR stocks is “Hold” according to the report published on December 19th, 2023.
VTNR Trading at 9.58% from the 50-Day Moving Average
After a stumble in the market that brought VTNR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -81.78% of loss for the given period.
Volatility was left at 9.99%, however, over the last 30 days, the volatility rate increased by 14.55%, as shares surge +7.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.56% upper at present.
During the last 5 trading sessions, VTNR rose by +43.27%, which changed the moving average for the period of 200-days by -76.46% in comparison to the 20-day moving average, which settled at $1.2440. In addition, Vertex Energy Inc saw -56.05% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at VTNR starting from Khoury Odeh, who sale 2,250 shares at the price of $1.16 back on Apr 10 ’24. After this action, Khoury Odeh now owns 17,784 shares of Vertex Energy Inc, valued at $2,610 using the latest closing price.
Stratton Christopher Allen, the Director of Vertex Energy Inc, sale 100,000 shares at $3.93 during a trade that took place back on Nov 10 ’23, which means that Stratton Christopher Allen is holding 88,405 shares at $392,600 based on the most recent closing price.
Stock Fundamentals for VTNR
Current profitability levels for the company are sitting at:
- -0.01 for the present operating margin
- 0.05 for the gross margin
The net margin for Vertex Energy Inc stands at -0.04. The total capital return value is set at -0.05. Equity return is now at value -69.81, with -14.75 for asset returns.
Based on Vertex Energy Inc (VTNR), the company’s capital structure generated 0.52 points at debt to capital in total, while cash flow to debt ratio is standing at -0.28. The debt to equity ratio resting at 1.07. The interest coverage ratio of the stock is -0.24.
Currently, EBITDA for the company is 2.55 million with net debt to EBITDA at 75.49. When we switch over and look at the enterprise to sales, we see a ratio of 0.13. The receivables turnover for the company is 87.85for trailing twelve months and the total asset turnover is 3.72. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.07.
Conclusion
To wrap up, the performance of Vertex Energy Inc (VTNR) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
