Vertex Inc (NASDAQ: VERX) has a higher price-to-earnings ratio of 339.65x compared to its average ratio. VERX has 36-month beta value of 0.67. Analysts have mixed views on the stock, with 5 analysts rating it as a “buy,” 3 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for VERX is 56.56M, and currently, short sellers hold a 11.18% ratio of that float. The average trading volume of VERX on October 10, 2024 was 760.83K shares.
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VERX) stock’s latest price update
The stock of Vertex Inc (NASDAQ: VERX) has decreased by -0.44 when compared to last closing price of 41.21. Despite this, the company has experienced a -0.17% fall in its stock price over the last five trading sessions. zacks.com reported 2024-10-07 that ADMA, VERX, TRGP, EBMT and TALO have been added to the Zacks Rank #1 (Strong Buy) List on October 7, 2024.
VERX’s Market Performance
Vertex Inc (VERX) has experienced a -0.17% fall in stock performance for the past week, with a 15.06% rise in the past month, and a 12.07% rise in the past quarter. The volatility ratio for the week is 3.51%, and the volatility levels for the past 30 days are at 3.11% for VERX. The simple moving average for the past 20 days is 7.18% for VERX’s stock, with a 27.19% 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 10.24% 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 -3.19% of loss for the given period.
Volatility was left at 3.11%, however, over the last 30 days, the volatility rate increased by 3.51%, as shares surge +16.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.07% upper at present.
During the last 5 trading sessions, VERX fell by -0.17%, which changed the moving average for the period of 200-days by +55.18% in comparison to the 20-day moving average, which settled at $38.28. In addition, Vertex Inc saw 52.30% 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 ITEM SECOND IRR. TRUST FBO JAC, who sale 52,713 shares at the price of $41.02 back on Oct 07 ’24. After this action, ITEM SECOND IRR. TRUST FBO JAC now owns 1,144,993 shares of Vertex Inc, valued at $2,162,314 using the latest closing price.
ITEM SECOND IRR. TRUST FBO JAC, the 13(D) GROUP MEMBER of Vertex Inc, sale 49,114 shares at $41.31 during a trade that took place back on Oct 09 ’24, which means that ITEM SECOND IRR. TRUST FBO JAC is holding 1,067,852 shares at $2,029,012 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 10.32. 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
To put it simply, Vertex Inc (VERX) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
