A share price of Vertex Inc [VERX] is currently trading at $30.53, up 2.04%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The VERX shares have gain 4.09% over the last week, with a monthly amount drifted -4.50%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Vertex Inc [NASDAQ: VERX] stock has seen the most recent analyst activity on March 01, 2024, when BofA Securities upgraded its rating to a Neutral but kept the price target unchanged to $40 for it. On March 09, 2023, upgrade upgraded it’s rating to Neutral and revised its price target to $20 on the stock. Raymond James started tracking the stock assigning a Outperform rating and suggested a price target of $19 on February 09, 2023. Jefferies downgraded its rating to a Hold but $15 remained the price target by the analyst firm on January 05, 2023. Goldman started tracking with a Buy rating for this stock on October 21, 2022, and assigned it a price target of $20. In a note dated September 01, 2022, Citigroup initiated an Neutral rating and provided a target price of $15 on this stock.
Vertex Inc experienced fluctuations in its stock price throughout the past year between $17.59 and $35.38. Currently, Wall Street analysts expect the stock to reach $28 within the next 12 months. Vertex Inc [NASDAQ: VERX] shares were valued at $30.53 at the most recent close of the market. An investor can expect a potential drop of -8.29% based on the average VERX price forecast.
Analyzing the VERX fundamentals
Trailing Twelve Months sales for Vertex Inc [NASDAQ:VERX] were 596.42M which represents 18.10% growth. Gross Profit Margin for this corporation currently stands at 0.6% with Operating Profit Margin at -0.01%, Pretax Profit Margin comes in at -0.03%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.03 and Total Capital is -0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.09.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 29.89 points at the first support level, and at 29.25 for the second support level. However, for the 1st resistance point, the stock is sitting at 30.91, and for the 2nd resistance point, it is at 31.28.
Vertex Inc [VERX] reported earnings per share of $0.15 for its fiscal quarter that ended on 3/31/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.13/share, meaning a difference of $0.02 and a surprise factor of 15.40%. By comparison, the stated earnings for the previous quarter ended on 12/31/2023 were $0.13 per share as compared to estimates of $0.11 per share, a difference of $0.02 representing a surprise of 18.20%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Vertex Inc [NASDAQ:VERX] is 0.59. Further, the Quick Ratio stands at 0.59, while the Cash Ratio is 0.13. Considering the valuation of this stock, the price to sales ratio is 7.94, the price to book ratio is 18.92 and price to earnings (TTM) ratio is 705.08.
Transactions by insiders
Recent insider trading involved Westphal Jeffrey, 10% Owner, that happened on Apr 05 ’24 when 0.79 million shares were sold. 13(D) GROUP MEMBER, 2020 IRREVOCABLE TRUST FOR BEN completed a deal on Mar 27 ’24 to sell 30692.0 shares. Meanwhile, 13(D) GROUP MEMBER 2020 IRREVOCABLE TRUST FOR BEN sold 50669.0 shares on Mar 26 ’24.
