Vertex Inc (NASDAQ: VERX) Stock: A Game-Changer?

In the last trading session, 4.45 million shares of the Vertex Inc (NASDAQ:VERX) were traded, and its beta was 0.63. Most recently the company’s share price was $27.94, and it changed around -$2.1 or -6.99% from the last close, which brings the market valuation of the company to $4.31B. VERX currently trades at a discount to its 52-week high of $35.38, offering almost -26.63% off that amount. The share price’s 52-week low was $17.59, which indicates that the current value has risen by an impressive 37.04% since then. We note from Vertex Inc’s average daily trading volume that its 3-month average coming to 510.66K.

Vertex Inc (NASDAQ:VERX) trade information

Instantly VERX has showed a red trend with a performance of -6.99% 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 up 3.71% year-to-date, but still down -6.30% over the last five days. On the other hand, Vertex Inc (NASDAQ:VERX) is -6.43% down in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $28, which translates to bulls needing to increase their stock price by 0.21% from its current value. Analyst projections state that VERX is forecast to be at a low of $28 and a high of $28.

Vertex Inc (VERX) estimates and forecasts

Vertex 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 risen 22.01 percent over the past six months and at a 35.90% annual growth rate that is well above the industry average of 20.60%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 50.00% in revenue this quarter, and will report an increase of 50.00% in the next quarter. The year-over-year growth rate is expected to be 14.60%, up from the previous year.

Consensus estimates provided by 10 financial analysts predict the company will bring in an average of $154.47 million in revenue for the current quarter. 10 analysts expect Vertex Inc to make $160.35 million in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $132.75 million and $139.69 million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 16.40%. Forecasts for the next quarter put sales growth at 14.80%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -15.58%. Vertex Inc earnings are expected to increase by 36.18% in 2024, but the outlook is positive 10.70% per year for the next five years.