Vertex Energy Inc (NASDAQ: VTNR) In 2024: Will It Be Worth Investing In?

In the last trading session, 8.27 million shares of the Vertex Energy Inc (NASDAQ:VTNR) were traded, and its beta was 1.63. Most recently the company’s share price was $1.49, and it changed around $0.18 or 13.74% from the last close, which brings the market valuation of the company to $139.33M. VTNR currently trades at a discount to its 52-week high of $8.18, offering almost -448.99% off that amount. The share price’s 52-week low was $0.95, which indicates that the current value has risen by an impressive 36.24% since then. We note from Vertex Energy Inc’s average daily trading volume that its 3-month average coming to 2.52 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 $Vertex Energy, Inc for the current quarter.

Vertex Energy Inc (NASDAQ:VTNR) trade information

Instantly VTNR has showed a green trend with a performance of 13.74% at the end of last trading. The performance over the last five days has remained in the green territory. The company’s shares are currently down -56.05% year-to-date, but still up 43.27% over the last five days. On the other hand, Vertex Energy Inc (NASDAQ:VTNR) is 11.19% up in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $14.23, which translates to bulls needing to increase their stock price by 89.53% 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 -69.59 percent over the past six months and at a 70.75% annual growth rate that is well above the industry average of 18.60%.

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 63.46% in 2024, but the outlook is positive 20.00% per year for the next five years.