Vertex Energy Inc (NASDAQ:VTNR) shares, rose in value, with the stock price up by 0.76% to the previous day’s close as strong demand from buyers drove the stock to $1.32.
Actively observing the price movement in the last trading, the stock closed the session at $1.31. The value of beta (5-year monthly) was 1.60. Referring to stock’s 52-week performance, its high was $10.80, and the low was $1.13. On the whole, VTNR has fluctuated by -2.22% over the past month.
With the market capitalization of Vertex Energy Inc currently standing at about $123.43 million, investors are eagerly awaiting this quarter’s results, scheduled for May 07, 2024 – May 13, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.16, which is expected to increase to $0.15 for fiscal year -$0.51 and then to about -$0.53 by fiscal year 2025. Data indicates that the EPS growth is expected to be 39.30% in 2025, while the next year’s EPS growth is forecast to be -3.90%.
Analysts have estimated the company’s revenue for the quarter at $674.63 million, with a low estimate of $599.2 million and a high estimate of $793.7 million. According to the average forecast, sales growth in current quarter could jump down -10.60%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $3.06 billion, representing a decrease of -3.70% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that VTNR’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of VTNR currently trading nearly 1.69% and -8.73% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 45.87, while the 7-day volatility ratio is showing 6.81% which for the 30-day chart, stands at 9.32%. Furthermore, Vertex Energy Inc (VTNR)’s beta value is 1.62, and its average true range (ATR) is 0.13.
A comparison of Vertex Energy Inc (VTNR) with its peers suggests the former has fared considerably weaker in the market. VTNR showed an intraday change of 0.76% in last session, and over the past year, it shrunk by -86.64%%.
Data on historical trading for Vertex Energy Inc (NASDAQ:VTNR) indicates that the trading volumes over the past 10 days have averaged 1.56 million and over the past 3 months, they’ve averaged 2.67 million. According to company’s latest data on outstanding shares, there are 93.51 million shares outstanding.
Nearly 9.34% of Vertex Energy Inc’s shares belong to company insiders and institutional investors own 45.67% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 17.65 million shares as on Mar 15, 2024, resulting in a short ratio of 6.58. According to the data, the short interest in Vertex Energy Inc (VTNR) stood at 18.88% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 18.11 million. The stock has fallen by -61.06% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the VTNR stock heading into the next quarter.
