In the last trading session, 1,309,336 Vertex Energy, Inc.(NASDAQ:VTNR) shares changed hands as the company’s beta touched 2.5. With the company’s per share price at $0.76 changed hands at $0.05 or 0.06% during last session, the market valuation stood at $34.53 Million. VTNR’s last price was a discount, traded about -156.58% off its 52-week high of $1.95. The share price had its 52-week low at $0.401, which suggests the last value was 47.24% up since then. When we look at Vertex Energy, Inc.’s average trading volume, we note the 10-day average is 642.5 Million shares, with the 3-month average coming to 641.37 Million.
Analysts gave the Vertex Energy, Inc. (VTNR) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.7. If we narrow down to specifics, the data shows that none out of 3 analysts rate the stock as a Sell, with a further none assigning it an Overweight rating. Of the remaining, none recommended VTNR as a Hold, 3 felt it is a Buy and none rated the stock as Underweight. Vertex Energy, Inc.’s EPS for the current quarter is expected to be -$0.08.
Instantly VTNR was in green as seen at the end of in last trading. With action 6.49%, the performance over the past five days has been green. The jump to weekly highs of $0.807 on Monday, Jan 04 added 6.13% to the stock’s daily price. The company’s shares are showing year-to-date upside of 0.06%, with the 5-day performance at 0.14% in the green. However, in the 30-day time frame, Vertex Energy, Inc. (NASDAQ:VTNR) is -0.05% down. Looking at the short shares, we see there were 687.57 Million shares sold at short interest cover period of 1.07 days.
The consensus price target for the stock as assigned by Wall Street analysts is $2.5, meaning bulls need an upside of 228.95% from its current market value. According to analyst projections, VTNR’s forecast low is $1.5 with $4 as the target high. To hit the forecast high, the stock’s price needs a +426.32% upsurge from its current level, while the stock would need to tank 97.37% for it to hit the projected low.
Vertex Energy, Inc. (VTNR) estimates and forecasts
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of $41.25 Million. 1 analysts are of the opinion that Vertex Energy, Inc.’s revenue for the quarter ending March 01, 2021 will be $46.8 Million. The company’s revenue for the corresponding quarters a year ago was $42.59 Million and $44.73 Million respectively. According to analysts, the company will likely register a drop in its current quarter sales, forecast at -3.1%. The estimates for the next quarter sales put growth at 4.6%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -3.7%. The 2021 estimates are for Vertex Energy, Inc. earnings to decrease by -23%, but the outlook for the next 5-year period is at 20% per year.
Vertex Energy, Inc. (NASDAQ:VTNR)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 30.43% of Vertex Energy, Inc. shares while 13.27% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 19.07%. There are 26 institutions holding the Vertex Energy, Inc. stock share, with Tensile Capital Management LLC the top institutional holder. As of Sep 29, 2020, the company held 3.29% of the shares, roughly 1.5 Million VTNR shares worth $750Thousand.
Vanguard Group, Inc. (The) holds the second largest percentage of outstanding shares, with 3.29% or 1.5 Million shares worth $749.65 Thousand as of Sep 29, 2020.
Among Mutual Funds, the top two as of Sep 29, 2020 were Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. With 1142641 shares estimated at $571.32 Thousand under it, the former controlled 2.51% of total outstanding shares. On the other hand, Vanguard Extended Market Index Fund held about 0.7% of the shares, roughly 318.65 Thousand shares worth around $159.33 Thousand.
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