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Vertex Energy Inc. (NASDAQ: VTNR) Have Jumped 181.46% YTD, What Will Happen Next

During the last session, Vertex Energy Inc. (NASDAQ:VTNR)’s traded shares were 2.82 million, with the beta value of the company hitting 1.79. At the end of the trading day, the stock’s price was $12.75, reflecting an intraday loss of -2.30% or -$0.3. The 52-week high for the VTNR share is $18.10, that puts it down -41.96 from that peak though still a striking 74.12% gain since the share price plummeted to a 52-week low of $3.30. The company’s market capitalization is $733.63M, and the average intraday trading volume over the past 10 days was 2.82 million shares, and the average trade volume was 5.00 million shares over the past three months.

Vertex Energy Inc. (VTNR) received a consensus recommendation of a Buy from analysts. That translates to a mean rating of 1.70. VTNR has a Sell rating from 0 analyst(s) out of 5 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 5 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $1.24.

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Vertex Energy Inc. (NASDAQ:VTNR) trade information

Vertex Energy Inc. (VTNR) registered a -2.30% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.30% in intraday trading to $12.75 this Thursday, 08/04/22, hitting a weekly high. The stock’s 5-day price performance is -5.42%, and it has moved by 25.12% in 30 days. Based on these gigs, the overall price performance for the year is 51.79%. The short interest in Vertex Energy Inc. (NASDAQ:VTNR) is 14.91 million shares and it means that shorts have 3.14 day(s) to cover.

The consensus price target of analysts on Wall Street is $22.20, which implies an increase of 42.57% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $18.00 and $27.00 respectively. As a result, VTNR is trading at a discount of -111.76% off the target high and -41.18% off the low.

Vertex Energy Inc. (VTNR) estimates and forecasts

Statistics show that Vertex Energy Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Vertex Energy Inc. (VTNR) shares have gone up 173.02% during the last six months, with a year-to-date growth rate more than the industry average at 2,400.00% against 23.00. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to grow 426.30% this quarter and then jump 775.00% in the quarter after that. In the rating firms’ projections, revenue will increase 2,432.00% compared to the previous financial year.

Revenue for the current quarter is expected to be $984.52 million as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to $961.55 million by the end of Sep 2022. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $65.19 million and $28.97 million respectively. In this case, analysts expect current quarter sales to grow by 1,410.10% and then jump by 3,218.70% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -2.80%. While earnings are projected to return -5.70% in 2022, the next five years will return 20.00% per annum.

VTNR Dividends

Vertex Energy Inc. is due to release its next quarterly earnings on November 09. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Vertex Energy Inc. (NASDAQ:VTNR)’s Major holders

Vertex Energy Inc. insiders own 23.14% of total outstanding shares while institutional holders control 38.78%, with the float percentage being 50.45%. Aventail Capital Group, LP is the largest shareholder of the company, while 137 institutions own stock in it. As of Mar 30, 2022, the company held over 2.4 million shares (or 3.18% of all shares), a total value of $23.88 million in shares.

The next largest institutional holding, with 2.13 million shares, is of Trellus Management Company, LLC’s that is approximately 2.81% of outstanding shares. At the market price on Jun 29, 2022, these shares were valued at $22.37 million.

Also, the Mutual Funds coming in first place with the largest holdings of Vertex Energy Inc. (VTNR) shares are SPDR (R) Ser Tr-SPDR (R) S&P (R) Oil & Gas Explor & Prod ETF and Vanguard Total Stock Market Index Fund. Data provided on Jun 29, 2022 indicates that SPDR (R) Ser Tr-SPDR (R) S&P (R) Oil & Gas Explor & Prod ETF owns about 6.19 million shares. This amounts to just over 8.20 percent of the company’s overall shares, with a $65.17 million market value. The same data shows that the other fund manager holds slightly less at 1.3 million, or about 1.72% of the stock, which is worth about $12.92 million.

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