VTEX (NYSE:VTEX) closed Tuesday at $4.50 per share, up from $4.00 a day earlier. While VTEX has overperformed by 12.50%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, VTEX fell by -48.57%, with highs and lows ranging from $8.90 to $2.66, whereas the simple moving average jumped by 7.39% in the last 200 days.
On December 19, 2022, Morgan Stanley Downgraded VTEX (NYSE: VTEX) to Equal-Weight. A report published by UBS on October 20, 2022, Initiated its previous ‘Neutral’ rating for VTEX. Itau BBA also Downgraded VTEX shares as ‘Market Perform’, setting a target price of $1.80 on the company’s shares in a report dated September 21, 2022. BofA Securities August 26, 2022d the rating to Buy on August 26, 2022, and set its price target from $4.50 to $6.50. KeyBanc Capital Markets July 07, 2022d its ‘Overweight’ rating to ‘Sector Weight’ for VTEX, as published in its report on July 07, 2022. Credit Suisse’s report from April 29, 2022 suggests a price prediction of $8 for VTEX shares, giving the stock a ‘Outperform’ rating. Credit Suisse also rated the stock as ‘Neutral’.
Analysis of VTEX (VTEX)
Further, the quarter-over-quarter increase in sales is 21.60%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of VTEX’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of -20.70% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 5.00, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and VTEX is recording an average volume of 433.65K. On a monthly basis, the volatility of the stock is set at 7.43%, whereas on a weekly basis, it is put at 7.81%, with a gain of 14.50% over the past seven days. Furthermore, long-term investors anticipate a median target price of $5.67, showing growth from the present price of $4.50, which can serve as yet another indication of whether VTEX is worth investing in or should be passed over.
How Do You Analyze VTEX Shares?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 24.17%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 66.70% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in VTEX shares?
The recent increase in stakes in VTEX appears to be a result of several institutional investors and hedge funds increasing their positions. Dynamo Internacional Gestão de Re made another decreased to its shares in VTEX during the first quarter, downing its stake by -45.35%. During the last quarter, the company picked up -5,524,618 additional shares for a total stake of worth $26.23 million, bringing number of shares owned by the company to 6,657,343.
VTEX shares are owned by institutional investors to the tune of 66.70% at present.