In Tuesday’s session, Vertex Energy Inc. (NASDAQ:VTNR) marked $6.92 per share, down from $7.29 in the previous session. While Vertex Energy Inc. has underperformed by -5.08%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, VTNR rose by 55.51%, with highs and lows ranging from $18.10 to $3.30, whereas the simple moving average fell by -25.43% in the last 200 days.
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On December 14, 2022, UBS started tracking Vertex Energy Inc. (NASDAQ: VTNR) recommending Neutral. A report published by Oppenheimer on August 10, 2022, Downgraded its rating to ‘Perform’ for VTNR. Oppenheimer also rated VTNR shares as ‘Outperform’, setting a target price of $18 on the company’s shares in an initiating report dated July 08, 2022. Credit Suisse Initiated an Outperform rating on December 01, 2021, and assigned a price target of $13. Stifel February 10, 2021d its ‘Buy’ rating to ‘Hold’ for VTNR, as published in its report on February 10, 2021. ROTH Capital also rated the stock as ‘Neutral’.
Analysis of Vertex Energy Inc. (VTNR)
Further, the quarter-over-quarter increase in sales is 1489.20%, showing a positive trend in the upcoming months.
Vertex Energy Inc.’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of -63.40% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.80, 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.
The average volume for any stock is also a very valuable indicator of volatility, and VTNR has an average volume of 2.72M. On a monthly basis, the volatility of the stock is set at 5.89%, whereas on a weekly basis, it is put at 6.81%, with a loss of -3.35% over the past seven days. Furthermore, long-term investors anticipate a median target price of $12.38, showing growth from the present price of $6.92, which can serve as yet another indication of whether VTNR is worth investing in or should be passed over.
How Do You Analyze Vertex Energy Inc. Shares?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. 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 0.50%. 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 54.80% 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 VTNR shares?
The recent increase in stakes in VTNR appears to be a result of several institutional investors and hedge funds increasing their positions. SSgA Funds Management, Inc.’s position in VTNR has increased by 39.28% in the first quarter. The company now owns 10,025,512 shares of the stock, with a value of $62.16 million, following the purchase of 2,827,316 additional shares during the last quarter. BlackRock Fund Advisors made another increased to its shares in VTNR during the first quarter, upping its stake by 7.31%. During the last quarter, the company picked up 229,292 additional shares for a total stake of worth $20.88 million, bringing number of shares owned by the company to 3,367,107.
During the first quarter, The Vanguard Group, Inc. added a 772,102 position in VTNR. Trellus Management Co. LLC sold an additional 5000.0 shares in the last quarter, decreasing its holdings by -0.24%, now holding 2.12 million shares worth $13.15 million. At the end of the first quarter, BofA Securities, Inc. increased its VTNR holdings by 23,092.35% and now holds 1.65 million VTNR shares valued at $10.25 million with the added 1.65 million shares during the period. VTNR shares are owned by institutional investors to the tune of 54.80% at present.