Vertex Inc (NASDAQ: VERX)’s stock price has dropped by -2.23 in relation to previous closing price of 50.58. Nevertheless, the company has seen a loss of -3.66% in its stock price over the last five trading days. https://thefly.com reported 2024-11-13 that Citi initiated coverage of Vertex Pharmaceuticals with a Buy rating and $575 price target. The firm believes Vertex is positioned to remain a leader in the cystic fibrosis, or CF, space, with its current product portfolio of Trikafta, Kalydeco, Orkambi, Symdeko and the anticipated approval of the vanza triple which has a PDUFA goal date of January 2, 2025. The firm sees the vanza triple product taking a “notable portion” of the CF market with $8B sales in 2030, the analyst tells investors.
Is It Worth Investing in Vertex Inc (NASDAQ: VERX) Right Now?
The price-to-earnings ratio for Vertex Inc (NASDAQ: VERX) is 263.45x, which is above its average ratio. Moreover, the 36-month beta value for VERX is 0.72. Analysts have varying opinions on the stock, with 5 analysts rating it as a “buy,” 3 as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for VERX is 58.63M and currently, short sellers hold a 9.86% of that float. On November 15, 2024, VERX’s average trading volume was 749.24K shares.
VERX’s Market Performance
The stock of Vertex Inc (VERX) has seen a -3.66% decrease in the past week, with a 15.78% rise in the past month, and a 37.55% gain in the past quarter. The volatility ratio for the week is 3.05%, and the volatility levels for the past 30 days are at 3.21% for VERX. The simple moving average for the last 20 days is 9.44% for VERX’s stock, with a simple moving average of 42.45% for the last 200 days.
Analysts’ Opinion of VERX
Many brokerage firms have already submitted their reports for VERX stocks, with Jefferies repeating the rating for VERX by listing it as a “Buy.” The predicted price for VERX in the upcoming period, according to Jefferies is $50 based on the research report published on November 04, 2024 of the current year 2024.
Robert W. Baird, on the other hand, stated in their research note that they expect to see VERX reach a price target of $43. The rating they have provided for VERX stocks is “Outperform” according to the report published on July 23rd, 2024.
BofA Securities gave a rating of “Neutral” to VERX, setting the target price at $40 in the report published on March 01st of the current year.
VERX Trading at 20.07% 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 -6.57% of loss for the given period.
Volatility was left at 3.21%, however, over the last 30 days, the volatility rate increased by 3.05%, as shares surge +15.81% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +37.78% upper at present.
During the last 5 trading sessions, VERX fell by -3.66%, which changed the moving average for the period of 200-days by +103.83% in comparison to the 20-day moving average, which settled at $45.18. In addition, Vertex Inc saw 83.56% 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 DeStefano David, who proposed sale 159,107 shares at the price of $49.61 back on Nov 14 ’24. After this action, DeStefano David now owns shares of Vertex Inc, valued at $7,893,049 using the latest closing price.
Westphal Jeffrey, the 10% Owner of Vertex Inc, sale 2,485,000 shares at $48.90 during a trade that took place back on Nov 11 ’24, which means that Westphal Jeffrey is holding 0 shares at $121,516,500 based on the most recent closing price.
Stock Fundamentals for VERX
Current profitability levels for the company are sitting at:
- 0.02 for the present operating margin
- 0.6 for the gross margin
The net margin for Vertex Inc stands at 0.05. The total capital return value is set at 0.02. Equity return is now at value 12.69, with 3.18 for asset returns.
Based on Vertex Inc (VERX), the company’s capital structure generated 0.57 points at debt to capital in total, while cash flow to debt ratio is standing at 0.5. The debt to equity ratio resting at 1.31. The interest coverage ratio of the stock is 9.35.
Currently, EBITDA for the company is 56.95 million with net debt to EBITDA at 0.95. When we switch over and look at the enterprise to sales, we see a ratio of 12.1. The receivables turnover for the company is 4.95for trailing twelve months and the total asset turnover is 0.54. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.03.
Conclusion
To wrap up, the performance of Vertex Inc (VERX) has been better in recent times. The stock has received a bullish of “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.
