The trading price of Vertex Energy Inc (NASDAQ:VTNR) closed higher on Thursday, March 29, closing at $1.40, 6.87% higher than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $10.80 and a 52-week low of $1.13. Over the past month, the stock has gained 9.80% in value.
Vertex Energy Inc, whose market valuation is $130.91 million at the time of this writing, is expected to release its quarterly earnings report May 07, 2024 – May 13, 2024. Investors’ optimism about the company’s current quarter earnings report is understandable.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Vertex Energy Inc No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest VTNR has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
A quick review shows that VTNR’s price is currently 7.69% off the SMA20 and -5.19% off the SMA50. The RSI metric on the 14-day chart is currently showing 50.25, and weekly volatility stands at 9.62%. When measured over the past 30 days, the indicator reaches 10.69%. Vertex Energy Inc (NASDAQ:VTNR)’s beta value is currently sitting at 1.58, while the Average True Range indicator is currently displaying 0.14.
To see how Vertex Energy Inc stock has been performing in comparison to its peers in the industry, here are the numbers: VTNR stock’s performance was 6.87% in the latest trading, and -85.20% in the past year.
An evaluation of the daily trading volume of Vertex Energy Inc (NASDAQ:VTNR) indicates that the 3-month average is 2.90 million. However, this figure has increased over the past 10 days to an average of 1.86 million.
Currently, records show that 93.51 million of the company’s shares remain outstanding. The insiders hold 9.34% of outstanding shares, whereas institutions hold 45.68%. The stats also highlight that short interest as of Mar 15, 2024, stood at 17.65 million shares, resulting in a short ratio of 6.58 at that time. From this, we can conclude that short interest is 18.88% of the company’s total outstanding shares. It is noteworthy that short shares in March were down slightly from the previous month’s figure, which was 18.11 million. However, since the stock’s price has seen -58.70% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
