Vertex Energy Inc (NASDAQ:VTNR) shares, rose in value, with the stock price down by -7.34% to the previous day’s close as strong demand from buyers drove the stock to $1.33.
Actively observing the price movement in the last trading, the stock closed the session at $1.43. Referring to stock’s 52-week performance, its high was $8.01, and the low was $0.95. On the whole, VTNR has fluctuated by 3.52% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 3.13B, with a low estimate of 608.5M and a high estimate of 793.7M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 690.82M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. 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 4.05% and -2.75% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 50.26, while the 7-day volatility ratio is showing 18.23% which for the 30-day chart, stands at 11.24%. Furthermore, Vertex Energy Inc (VTNR)’s beta value is 1.61, and its average true range (ATR) is 0.17.
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 -7.34% in last session, and over the past year, it shrunk by -83.03%%.
Data on historical trading for Vertex Energy Inc (NASDAQ:VTNR) indicates that the trading volumes over the past 3 months, they’ve averaged 2.56 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 45.71% of the company’s shares. The stock has fallen by -60.91% 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.
