The price of Vertex Energy Inc (NASDAQ:VTNR) shares last traded on Wall Street rose 15.74% to $0.13.
VTNR stock price is now -71.80% away from the 50-day moving average and -89.27% away from the 200-day moving average. The market capitalization of the company currently stands at $12.51M.
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With the price target maintained at $1, Craig Hallum recently Downgraded its rating from Buy to Hold for Vertex Energy Inc (NASDAQ: VTNR). On January 24, 2024, Northland Capital Downgraded its previous ‘Outperform’ rating to ‘Market Perform’ on the stock keeping its target price maintained at $2, while ‘Stifel’ rates the stock as ‘Hold’
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 $2311.92. 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 $11492.65. A total of 8.32% of the company’s stock is owned by insiders.
During the past 12 months, Vertex Energy Inc has had a low of $0.10 and a high of $5.03. As of last week, the company has a debt-to-equity ratio of 3.68, a current ratio of 0.56, and a quick ratio of 0.30. The fifty day moving average price for VTNR is $0.45948 and a two-hundred day moving average price translates $1.23122 for the stock.
The latest earnings results from Vertex Energy Inc (NASDAQ: VTNR) was released for 2024-06-30. The net profit margin was -3.66% and return on equity was -63.70% for VTNR. The company reported revenue of $750.06 million for the quarter, compared to $734.89 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.06 percent.
