In the last trading session, 1.23 million Vertex Energy Inc. (NASDAQ:VTNR) shares changed hands as the company’s beta touched 2.02. With the company’s per share price at $5.11 changed hands at -$0.04 or -0.78% during last session, the market valuation stood at $484.12M. VTNR’s last price was a discount, traded about -119.18% off its 52-week high of $11.20. The share price had its 52-week low at $3.91, which suggests the last value was 23.48% up since then. When we look at Vertex Energy Inc.’s average trading volume, we note the 10-day average is 2.3 million shares, with the 3-month average coming to 2.49 million.
Analysts gave the Vertex Energy Inc. (VTNR) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 2.30. If we narrow down to specifics, the data shows that 0 out of 7 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended VTNR as a Hold, 4 felt it is a Buy and 0 rated the stock as Underweight. Vertex Energy Inc.’s EPS for the current quarter is expected to be $Ventas, Inc.
Vertex Energy Inc. (NASDAQ:VTNR) trade information
Instantly VTNR was in red as seen at the end of in last trading. The drop to weekly highs of 5.40 on Monday, 09/18/23 subtracted -0.78% to the stock’s daily price. The company’s shares are showing year-to-date downside of -17.58%. However, in the 30-day time frame, Vertex Energy Inc. (NASDAQ:VTNR) is 14.06% up. Looking at the short shares, we see there were 15.4 million shares sold at short interest cover period of 6.63 days.
The consensus price target for the stock as assigned by Wall Street analysts is $7.92, meaning bulls need an upside of 35.48% from its current market value. According to analyst projections, VTNR’s forecast low is $6.00 with $10.00 as the target high. To hit the forecast high, the stock’s price needs a -95.69% plunge from its current level, while the stock would need to soar -17.42% for it to hit the projected low.
Vertex Energy Inc. (VTNR) estimates and forecasts
Data shows that the Vertex Energy Inc. share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -36.52% over the past 6 months, a -291.67% in annual growth rate that is considerably lower than the industry average of -12.30%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 7.80%. The 2023 estimates are for Vertex Energy Inc. earnings to increase by 50.30%, but the outlook for the next 5-year period is at 20.00% per year.
Vertex Energy Inc. is expected to release its next quarterly earnings report in October.