Vertex Inc [VERX] stock is trading at $43.71, up 3.50%. An important factor to consider is whether the stock is rising or falling in short-term value. The VERX shares have gain 2.13% over the last week, with a monthly amount glided 6.64%, and 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 November 04, 2024, when Jefferies upgraded its rating to a Buy and also boosted its price target to $50 from $35. Previously, Robert W. Baird started tracking the stock with Outperform rating on July 23, 2024, and set its price target to $43. On March 01, 2024, upgrade upgraded it’s rating to Neutral but maintained its price target of $40 on the stock. BofA Securities upgraded its rating to a Neutral and raised its price target to $20 on March 09, 2023. Raymond James started tracking with a Outperform rating for this stock on February 09, 2023, and assigned it a price target of $19. In a note dated January 05, 2023, Jefferies downgraded an Hold rating on this stock but restated the target price of $15.
Vertex Inc [VERX] stock has fluctuated between $21.92 and $43.75 over the past year. Currently, Wall Street analysts expect the stock to reach $38.25 within the next 12 months. Vertex Inc [NASDAQ: VERX] shares were valued at $43.71 at the most recent close of the market. An investor can expect a potential drop of -12.49% based on the average VERX price forecast.
Analyzing the VERX fundamentals
Vertex Inc [NASDAQ:VERX] reported sales of 617.83M for the trailing twelve months, which represents a growth of 15.33%. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.45.
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 42.50 points at the first support level, and at 41.30 for the second support level. However, for the 1st resistance point, the stock is sitting at 44.31, and for the 2nd resistance point, it is at 44.92.
Ratios To Look Out For
For context, Vertex Inc’s Current Ratio is 1.16. On the other hand, the Quick Ratio is 1.16, and the Cash Ratio is 0.82. Considering the valuation of this stock, the price to sales ratio is 11.00, the price to book ratio is 29.12 and price to earnings (TTM) ratio is 361.84.
Transactions by insiders
Recent insider trading involved ITEM SECOND IRR. TRUST FBO JAC, 13(D) GROUP MEMBER, that happened on Oct 14 ’24 when 56419.0 shares were sold. 13(D) GROUP MEMBER, ITEM SECOND IRR. TRUST FBO JAC completed a deal on Oct 11 ’24 to sell 46098.0 shares. Meanwhile, 13(D) GROUP MEMBER ITEM SECOND IRR. TRUST FBO JAC sold 32629.0 shares on Oct 10 ’24.
