The price-to-earnings ratio for Vertex Inc (NASDAQ: VERX) is above average at 887.07x, Company’s 36-month beta value is 0.69.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for VERX is 54.00M, and currently, short sellers hold a 7.65% ratio of that floaft. The average trading volume of VERX on July 24, 2024 was 1.07M shares.
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VERX) stock’s latest price update
Vertex Inc (NASDAQ: VERX) has seen a decline in its stock price by -4.00 in relation to its previous close of 40.01. However, the company has experienced a 2.56% gain in its stock price over the last five trading sessions. reuters.com reported 2024-07-24 that Google Cloud will use Mistral AI’s Codestral artificial intelligence model for Google’s Vertex AI service, Google Cloud said on Wednesday.
VERX’s Market Performance
VERX’s stock has risen by 2.56% in the past week, with a monthly rise of 12.05% and a quarterly rise of 37.47%. The volatility ratio for the week is 2.69% while the volatility levels for the last 30 days are 2.53% for Vertex Inc The simple moving average for the last 20 days is 4.90% for VERX stock, with a simple moving average of 32.20% for the last 200 days.
Analysts’ Opinion of VERX
Many brokerage firms have already submitted their reports for VERX stocks, with Robert W. Baird repeating the rating for VERX by listing it as a “Outperform.” The predicted price for VERX in the upcoming period, according to Robert W. Baird is $43 based on the research report published on July 23, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see VERX reach a price target of $40. The rating they have provided for VERX stocks is “Neutral” according to the report published on March 01st, 2024.
Morgan Stanley gave a rating of “Overweight” to VERX, setting the target price at $25 in the report published on September 18th of the previous year.
VERX Trading at 10.45% from the 50-Day Moving Average
After a stumble in the market that brought VERX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -4.07% of loss for the given period.
Volatility was left at 2.53%, however, over the last 30 days, the volatility rate increased by 2.69%, as shares surge +12.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +21.14% upper at present.
During the last 5 trading sessions, VERX rose by +2.54%, which changed the moving average for the period of 200-days by +65.48% in comparison to the 20-day moving average, which settled at $36.83. In addition, Vertex Inc saw 42.58% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at VERX starting from Westphal Jeffrey, who sale 1,500,000 shares at the price of $32.93 back on Jun 05 ’24. After this action, Westphal Jeffrey now owns 2,554,641 shares of Vertex Inc, valued at $49,395,000 using the latest closing price.
Westphal Jeffrey, the 10% Owner of Vertex Inc, sale 791,133 shares at $30.05 during a trade that took place back on Apr 05 ’24, which means that Westphal Jeffrey is holding 1,554,641 shares at $23,773,547 based on the most recent closing price.
Stock Fundamentals for VERX
Current profitability levels for the company are sitting at:
- -0.01 for the present operating margin
- 0.6 for the gross margin
The net margin for Vertex Inc stands at 0.01. The total capital return value is set at -0.01. Equity return is now at value 3.26, with 1.04 for asset returns.
Based on Vertex Inc (VERX), the company’s capital structure generated 0.21 points at debt to capital in total, while cash flow to debt ratio is standing at 1.4. The debt to equity ratio resting at 0.26. The interest coverage ratio of the stock is -0.75.
Currently, EBITDA for the company is 79.36 million with net debt to EBITDA at 0.13. When we switch over and look at the enterprise to sales, we see a ratio of 10.17. The receivables turnover for the company is 4.48for trailing twelve months and the total asset turnover is 0.79. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.59.
Conclusion
In a nutshell, Vertex Inc (VERX) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
