Vertex Inc (NASDAQ: VERX) closed the day trading at $29.49 down -1.21% from the previous closing price of $29.85. In other words, the price has decreased by -$0.36 from its previous closing price. On the day, 712049 shares were traded.
Ratios:
For a better understanding of VERX, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 46.11 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 189.09. For the most recent quarter (mrq), Quick Ratio is recorded 0.60 and its Current Ratio is at 0.60. In the meantime, Its Debt-to-Equity ratio is 0.26 whereas as Long-Term Debt/Eq ratio is at 0.24.
BofA Securities Upgraded its Underperform to Neutral on March 09, 2023, whereas the target price for the stock was revised from $16 to $20.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 08 ’24 when ITEM SECOND IRR. TRUST FBO ANN sold 20,113 shares for $30.14 per share. The transaction valued at 606,127 led to the insider holds 1,107,759 shares of the business.
ITEM SECOND IRR. TRUST FBO JAC sold 19,737 shares of VERX for $594,840 on Mar 08 ’24. The 13(D) GROUP MEMBER now owns 1,269,347 shares after completing the transaction at $30.14 per share. On Mar 08 ’24, another insider, 2020 IRREVOCABLE TRUST FOR BEN, who serves as the 13(D) GROUP MEMBER of the company, sold 19,705 shares for $30.14 each. As a result, the insider received 593,871 and left with 197,646 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, VERX now has a Market Capitalization of 4.55B and an Enterprise Value of 4.54B. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.95 while its Price-to-Book (P/B) ratio in mrq is 17.91. Its current Enterprise Value per Revenue stands at 7.93 whereas that against EBITDA is 79.67.
Stock Price History:
Over the past 52 weeks, VERX has reached a high of $35.38, while it has fallen to a 52-week low of $16.01. The 50-Day Moving Average of the stock is 26.13, while the 200-Day Moving Average is calculated to be 23.51.
Shares Statistics:
Over the past 3-months, VERX traded about 556.66K shares per day on average, while over the past 10 days, VERX traded about 1.14M shares per day. A total of 60.99M shares are outstanding, with a floating share count of 47.49M. Insiders hold about 69.23% of the company’s shares, while institutions hold 34.50% stake in the company. Shares short for VERX as of Feb 15, 2024 were 1.13M with a Short Ratio of 2.04, compared to 1.25M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 0.74% and a Short% of Float of 2.66%.
Earnings Estimates
Current recommendations for the stock of the company come from 11 analysts. On average, analysts expect EPS of $0.12 for the current quarter, with a high estimate of $0.15 and a low estimate of $0.1, while EPS last year was $0.08. The consensus estimate for the next quarter is $0.12, with high estimates of $0.15 and low estimates of $0.1.
Analysts are recommending an EPS of between $0.65 and $0.42 for the fiscal current year, implying an average EPS of $0.53. EPS for the following year is $0.69, with 9 analysts recommending between $0.88 and $0.52.
Revenue Estimates
10 analysts predict $154.47M in revenue for the current quarter. It ranges from a high estimate of $155.5M to a low estimate of $153.86M. As of the current estimate, Vertex Inc’s year-ago sales were $132.75M, an estimated increase of 16.40% from the year-ago figure. For the next quarter, 10 analysts are estimating revenue of $160.35M, an increase of 14.80% less than the figure of $16.40% in the same quarter last year. There is a high estimate of $161.61M for the next quarter, whereas the lowest estimate is $158.88M.
A total of 11 analysts have provided revenue estimates for VERX’s current fiscal year. The highest revenue estimate was $661.74M, while the lowest revenue estimate was $653.7M, resulting in an average revenue estimate of $656.02M. In the same quarter a year ago, actual revenue was $572.39M, up 14.60% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $749.85M in the next fiscal year. The high estimate is $777.73M and the low estimate is $734.5M. The average revenue growth estimate for next year is up 14.30% from the average revenue estimate for this year.
