The price-to-earnings ratio for Vertex Inc (NASDAQ: VERX) is above average at 305.46x. The 36-month beta value for VERX is also noteworthy at 0.69. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for VERX is 56.28M, and at present, short sellers hold a 10.52% of that float. The average trading volume of VERX on August 23, 2024 was 1.00M shares.
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VERX) stock’s latest price update
Vertex Inc (NASDAQ: VERX) has experienced a rise in its stock price by 3.04 compared to its previous closing price of 35.81. However, the company has seen a gain of 2.64% in its stock price over the last five trading days. seekingalpha.com reported 2024-08-21 that Bullish on Vertex, Inc. due to strong growth outlook. 2Q24 results show solid growth across the board, with a strong FCF conversion rate. Ecosio acquisition is accretive, improving product offering, and expected to drive growth in the future.
VERX’s Market Performance
Vertex Inc (VERX) has seen a 2.64% rise in stock performance for the week, with a -1.81% decline in the past month and a 11.21% surge in the past quarter. The volatility ratio for the week is 2.22%, and the volatility levels for the past 30 days are at 3.35% for VERX. The simple moving average for the past 20 days is 0.42% for VERX’s stock, with a 20.89% simple moving average for the past 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 1.22% 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 -7.87% of loss for the given period.
Volatility was left at 3.35%, however, over the last 30 days, the volatility rate increased by 2.22%, as shares sank -5.27% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.05% upper at present.
During the last 5 trading sessions, VERX rose by +2.45%, which changed the moving average for the period of 200-days by +65.98% in comparison to the 20-day moving average, which settled at $36.64. In addition, Vertex Inc saw 36.97% 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 Rowland Bryan T.R., who sale 38,176 shares at the price of $35.71 back on Aug 20 ’24. After this action, Rowland Bryan T.R. now owns 0 shares of Vertex Inc, valued at $1,363,229 using the latest closing price.
SCHWAB JOHN R, the Officer of Vertex Inc, proposed sale 25,000 shares at $35.81 during a trade that took place back on Aug 22 ’24, which means that SCHWAB JOHN R is holding shares at $895,149 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 0.03. The total capital return value is set at 0.01. Equity return is now at value 8.62, with 2.26 for asset returns.
Based on Vertex Inc (VERX), the company’s capital structure generated 0.59 points at debt to capital in total, while cash flow to debt ratio is standing at 0.43. The debt to equity ratio resting at 1.45. The interest coverage ratio of the stock is 1.49.
Currently, EBITDA for the company is 79.36 million with net debt to EBITDA at -0.1. When we switch over and look at the enterprise to sales, we see a ratio of 9.28. The receivables turnover for the company is 5.15for trailing twelve months and the total asset turnover is 0.6. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.16.
Conclusion
In summary, Vertex Inc (VERX) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
