Vertex Inc [VERX] stock prices are up 1.95% to $54.88 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The VERX shares have gain 11.14% over the last week, with a monthly amount glided 30.45%, 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.
The stock price of Vertex Inc [VERX] has been fluctuating between $23.31 and $54.50 over the past year. Currently, Wall Street analysts expect the stock to reach $46.67 within the next 12 months. Vertex Inc [NASDAQ: VERX] shares were valued at $54.88 at the most recent close of the market. An investor can expect a potential drop of -14.96% based on the average VERX price forecast.
Analyzing the VERX fundamentals
The Vertex Inc [NASDAQ:VERX] reported sales of 643.23M for trailing twelve months, representing a surge of 17.52%. Gross Profit Margin for this corporation currently stands at 0.6% with Operating Profit Margin at 0.02%, Pretax Profit Margin comes in at 0.01%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.12 and Total Capital is 0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.31.
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 54.12 points at the first support level, and at 53.35 for the second support level. However, for the 1st resistance point, the stock is sitting at 55.45, and for the 2nd resistance point, it is at 56.01.
Ratios To Look Out For
It’s worth pointing out that Vertex Inc [NASDAQ:VERX]’s Current Ratio is 1.03. In addition, the Quick Ratio stands at 1.03 and the Cash Ratio stands at 0.61. Considering the valuation of this stock, the price to sales ratio is 13.40, the price to book ratio is 33.03 and price to earnings (TTM) ratio is 292.38.
Transactions by insiders
Recent insider trading involved Stamm John Richard, Director, that happened on Nov 22 ’24 when 2500.0 shares were purchased. 10% Owner, ITEM SECOND IRR. TRUST FBO KYL completed a deal on Nov 20 ’24 to sell 40966.0 shares. Meanwhile, 10% Owner ITEM SECOND IRR. TRUST FBO KYL sold 31034.0 shares on Nov 21 ’24.
