Vertex Inc [NASDAQ: VERX] plunged by -$8.09 during the normal trading session on while it closed the day at $34.54.
Vertex Inc stock has also loss -23.99% of its value over the past 7 days. However, VERX stock has declined by -35.84% in the 3 months of the year. Over the past six months meanwhile, it has lost -8.09% and lost -35.26% year-on date.
The market cap for VERX stock reached $5.39 billion, with 65.72 million shares outstanding and 58.93 million shares in the current float. Compared to the average trading volume of 901.13K shares, VERX reached a trading volume of 7490731 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Vertex Inc [VERX]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for VERX shares is $53.40 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on VERX stock is a recommendation set at 1.92. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Raymond James have made an estimate for Vertex Inc shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on January 03, 2025. While these analysts kept the previous recommendation, DA Davidson raised their target price to Buy. The new note on the price target was released on December 31, 2024, representing the official price target for Vertex Inc stock. Previously, the target price had yet another raise from $35 to $50, while Jefferies kept a Buy rating on VERX stock.
The Average True Range (ATR) for Vertex Inc is set at 2.61, with the Price to Sales ratio for VERX stock in the period of the last 12 months amounting to 8.37. The Price to Book ratio for the last quarter was 20.79, with the Price to Cash per share for the same quarter was set at 2.01. Price to Free Cash Flow for VERX in the course of the last twelve months was 55.23 with Quick ratio for the last quarter at 1.03.
VERX stock trade performance evaluation
Vertex Inc [VERX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -23.99. With this latest performance, VERX shares dropped by -41.41% in over the last four-week period, additionally sinking by -8.09% over the last 6 months – not to mention a rise of 37.12% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for VERX stock in for the last two-week period is set at 14.78, with the RSI for the last a single of trading hit 9.68, and the three-weeks RSI is set at 19.98 for Vertex Inc [VERX]. The present Moving Average for the last 50 days of trading for this stock 52.58, while it was recorded at 41.50 for the last single week of trading, and 43.00 for the last 200 days.
Vertex Inc [VERX]: An insightful look at the core fundamentals
Vertex Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.03 and a Current Ratio set at 1.03.
Vertex Inc [VERX]: Institutional Ownership
The top three institutional holders of VERX stocks are: VANGUARD GROUP INC with ownership of 6.39 million shares, which is approximately 4.1416%. BLACKROCK INC., holding 4.66 million shares of the stock with an approximate value of $$168.13 million in VERX stocks shares; and BLACKROCK INC., currently with $$167.04 million in VERX stock with ownership which is approximately 2.9869%.
