A share price of Vertex Inc [VERX] is currently trading at $38.10, up 1.38%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The VERX shares have gain 6.51% over the last week, with a monthly amount drifted -3.20%, 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 July 23, 2024, when Robert W. Baird initiated its Outperform rating and assigned the stock a price target of $43. Previously, BofA Securities upgraded its rating to Neutral on March 01, 2024, and kept the price target unchanged to $40. BofA Securities upgraded its rating to a Neutral and increased its price target to $20 on March 09, 2023. Raymond James initiated its recommendation with a Outperform and recommended $19 as its price target on February 09, 2023. Jefferies downgraded its rating to Hold for this stock on January 05, 2023, but kept the price target unchanged to $15. In a note dated October 21, 2022, Goldman initiated an Buy rating and provided a target price of $20 on this stock.
Vertex Inc experienced fluctuations in its stock price throughout the past year between $20.48 and $40.05. Currently, Wall Street analysts expect the stock to reach $34.33 within the next 12 months. Vertex Inc [NASDAQ: VERX] shares were valued at $38.10 at the most recent close of the market. An investor can expect a potential drop of -9.9% based on the average VERX price forecast.
Analyzing the VERX fundamentals
Trailing Twelve Months sales for Vertex Inc [NASDAQ:VERX] were 617.83M which represents 15.33% 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 -0.01%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.08 and Total Capital is 0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.45.
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 37.54 points at the first support level, and at 36.99 for the second support level. However, for the 1st resistance point, the stock is sitting at 38.51, and for the 2nd resistance point, it is at 38.93.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Vertex Inc [NASDAQ:VERX] is 1.16. As well, the Quick Ratio is 1.16, while the Cash Ratio is 0.82. Considering the valuation of this stock, the price to sales ratio is 9.59, the price to book ratio is 25.38 and price to earnings (TTM) ratio is 315.40.
Transactions by insiders
Recent insider trading involved ITEM SECOND IRR. TRUST FBO KYL, 10% Owner, that happened on Aug 26 ’24 when 0.16 million shares were sold. CHIEF FINANCIAL OFFICER, SCHWAB JOHN R completed a deal on Aug 22 ’24 to sell 25000.0 shares. Meanwhile, Director Stamm John Richard sold 16000.0 shares on Aug 22 ’24.
