Vertex Energy Inc (NASDAQ: VTNR): A Suicide Machine Or A Millionaire’s Dream?

In the last trading session, 1.28 million shares of the Vertex Energy Inc (NASDAQ:VTNR) were traded, and its beta was 1.62. Most recently the company’s share price was $1.31, and it changed around -$0.05 or -3.68% from the last close, which brings the market valuation of the company to $122.50M. VTNR currently trades at a discount to its 52-week high of $10.80, offering almost -724.43% off that amount. The share price’s 52-week low was $1.13, which indicates that the current value has risen by an impressive 13.74% since then. We note from Vertex Energy Inc’s average daily trading volume that its 10-day average is 1.6 million shares, with the 3-month average coming to 2.89 million.

Vertex Energy Inc stock received a consensus recommendation rating of Buy, based on a mean score of 2.43. If we narrow it down even further, the data shows that 0 out of 3 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 1 recommended VTNR as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Vertex Energy Inc is expected to report earnings per share of -$0.16 for the current quarter.

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Vertex Energy Inc (NASDAQ:VTNR) trade information

Instantly VTNR has showed a red trend with a performance of -3.68% at the end of last trading. The performance over the last five days has remained in the red territory. The company’s shares are currently down -61.36% year-to-date, but still down -6.43% over the last five days. On the other hand, Vertex Energy Inc (NASDAQ:VTNR) is -7.09% down in the 30-day period. We can see from the shorts that 17.65 million shares have been sold at a short interest cover period of 6.58 day(s).

The consensus price target as assigned by Wall Street analysts is $14.23, which translates to bulls needing to increase their stock price by 90.79% from its current value. Analyst projections state that VTNR is forecast to be at a low of $6.9 and a high of $20.

Vertex Energy Inc (VTNR) estimates and forecasts

Vertex Energy Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -70.56 percent over the past six months and at a 68.71% annual growth rate that is well above the industry average of 24.10%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -123.50% in revenue this quarter, and will report an increase of 92.20% in the next quarter. The year-over-year growth rate is expected to be -3.70%, down from the previous year.

Consensus estimates provided by 7 financial analysts predict the company will bring in an average of $674.63 million in revenue for the current quarter. 7 analysts expect Vertex Energy Inc to make $771.71 million in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $754.25 million and $734.89 million respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -10.60%. Forecasts for the next quarter put sales growth at 5.00%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -45.16%. Vertex Energy Inc earnings are expected to increase by 71.37% in 2024, but the outlook is positive 20.00% per year for the next five years.

VTNR Dividends

Vertex Energy Inc’s next quarterly earnings report is expected to be released around May 07 and May 13.

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

Upon looking at major shareholders, it appears that insiders hold 12.14% of Vertex Energy Inc shares, and 48.57% of them are in the hands of institutional investors. The stock currently has a share float of 55.28%. Vertex Energy Inc stock is held by 187 institutions, with State Street Corporation being the largest institutional investor. By Jun 29, 2023, it held 6.18% of the shares, which is about 5.76 million shares worth $36.0 million.

Blackrock Inc., with 4.92% or 4.59 million shares worth $28.67 million as of Jun 29, 2023, holds the second largest percentage of outstanding shares.

SPDR (R) Ser Tr-SPDR (R) S&P (R) Oil & Gas Explor & Prod ETF and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Aug 30, 2023. The former held 4.98 million shares worth $21.11 million, making up 5.34% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 1.97 million shares worth around $12.31 million, which represents about 2.11% of the total shares outstanding.