The closing price of Vertex Energy Inc (NASDAQ: VTNR) was $1.40 for the day, up 6.87% from the previous closing price of $1.31. In other words, the price has increased by $+0.0900 from its previous closing price. On the day, 1763909 shares were traded. VTNR stock price reached its highest trading level at $1.4300 during the session, while it also had its lowest trading level at $1.3200.
Ratios:
Our analysis of VTNR’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.52 and its Current Ratio is at 1.07. In the meantime, Its Debt-to-Equity ratio is 2.50 whereas as Long-Term Debt/Eq ratio is at 1.59.
On December 19, 2023, Stifel Downgraded its rating to Hold which previously was Buy but kept the price unchanged to $4.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Nov 10 ’23 when Stratton Christopher Allen sold 100,000 shares for $3.93 per share. The transaction valued at 392,600 led to the insider holds 88,405 shares of the business.
Rhame James Gary bought 4,000 shares of VTNR for $25,310 on May 12 ’23. The Chief Operating Officer now owns 14,648 shares after completing the transaction at $6.33 per share. On Apr 19 ’23, another insider, Cowart Benjamin P, who serves as the CEO and President of the company, sold 66,666 shares for $8.00 each. As a result, the insider received 533,328 and left with 5,450,608 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, VTNR now has a Market Capitalization of 130.92M and an Enterprise Value of 404.40M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.04 while its Price-to-Book (P/B) ratio in mrq is 0.67. Its current Enterprise Value per Revenue stands at 0.13 whereas that against EBITDA is 36.18.
Stock Price History:
Over the past 52 weeks, VTNR has reached a high of $10.80, while it has fallen to a 52-week low of $1.13. The 50-Day Moving Average of the stock is 1.4667, while the 200-Day Moving Average is calculated to be 3.7118.
Shares Statistics:
VTNR traded an average of 2.90M shares per day over the past three months and 1.86M shares per day over the past ten days. A total of 93.51M shares are outstanding, with a floating share count of 84.78M. Insiders hold about 9.34% of the company’s shares, while institutions hold 45.68% stake in the company. Shares short for VTNR as of Mar 15, 2024 were 17.65M with a Short Ratio of 6.08, compared to 18.11M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 18.88% and a Short% of Float of 23.01%.
Earnings Estimates
The firm’s stock currently is rated by 6 analysts. On average, analysts expect EPS of -$0.16 for the current quarter, with a high estimate of $0.03 and a low estimate of -$0.38, while EPS last year was $0.68. The consensus estimate for the next quarter is -$0.08, with high estimates of $0.15 and low estimates of -$0.34.
Analysts are recommending an EPS of between $0.37 and -$1.34 for the fiscal current year, implying an average EPS of -$0.5. EPS for the following year is -$0.5, with 4 analysts recommending between $0.29 and -$1.61.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 7 analysts. It ranges from a high estimate of $793.7M to a low estimate of $599.2M. As of the current estimate, Vertex Energy Inc’s year-ago sales were $754.25M, an estimated decrease of -10.50% from the year-ago figure. For the next quarter, 7 analysts are estimating revenue of $767.06M, an increase of 4.40% over than the figure of -$10.50% in the same quarter last year. There is a high estimate of $816.8M for the next quarter, whereas the lowest estimate is $720.3M.
A total of 7 analysts have provided revenue estimates for VTNR’s current fiscal year. The highest revenue estimate was $3.31B, while the lowest revenue estimate was $2.69B, resulting in an average revenue estimate of $3.04B. In the same quarter a year ago, actual revenue was $3.18B, down -4.30% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $3.31B in the next fiscal year. The high estimate is $3.53B and the low estimate is $3.16B. The average revenue growth estimate for next year is up 8.80% from the average revenue estimate for this year.
