Vertex Energy Inc (NASDAQ:VTNR) shares traded -21.79% lower at $0.61 on Wall Street last session.
VTNR stock price is now -47.49% away from the 50-day moving average and -74.44% away from the 200-day moving average. The market capitalization of the company currently stands at $57.04M.
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With the price target maintained at $2, Northland Capital recently Downgraded its rating from Outperform to Market Perform for Vertex Energy Inc (NASDAQ: VTNR). On December 19, 2023, Stifel Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock keeping its target price maintained at $4, while ‘Oppenheimer’ rates the stock as ‘Perform’
In other news, Khoury Odeh, Director sold 2,250 shares of the company’s stock on Apr 10 ’24. The stock was sold for $2,610 at an average price of $1.16. Upon completion of the transaction, the Director now directly owns 17,784 shares in the company, valued at $10848.24. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 10 ’23, Director Stratton Christopher Allen sold 100,000 shares of the business’s stock. A total of $392,600 was realized by selling the stock at an average price of $3.93. This leaves the insider owning 88,405 shares of the company worth $53927.05. A total of 8.87% of the company’s stock is owned by insiders.
During the past 12 months, Vertex Energy Inc has had a low of $0.78 and a high of $6.82. As of last week, the company has a debt-to-equity ratio of 2.82, a current ratio of 1.02, and a quick ratio of 0.43. The fifty day moving average price for VTNR is $1.1442 and a two-hundred day moving average price translates $2.363195 for the stock.
The latest earnings results from Vertex Energy Inc (NASDAQ: VTNR) was released for 2024-03-31. The net profit margin was -4.65% and return on equity was -73.98% for VTNR. The company reported revenue of $695.33 million for the quarter, compared to $691.14 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.61 percent.
