Vertex Inc (VERX): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

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Stocks Info

This NASDAQ-listed company operates within the Software – Application industry segment, falling under the Technology sector. The current market capitalization of Vertex Inc is $6.64B. A total of 0.59 million shares were traded on the day, compared to an average of 748.13K shares.

In the most recent transaction, ITEM SECOND IRR. TRUST FBO JAC sold 56,419 shares of VERX for 40.77 per share on Oct 14 ’24. After the transaction, the 13(D) GROUP MEMBER now owns 932,706 company shares. In a previous transaction on Oct 11 ’24, ITEM SECOND IRR. TRUST FBO JAC sold 46,098 shares at 40.48 per share. VERX shares that 13(D) GROUP MEMBER owns now total 989,125.

Among the insiders who sold shares, ITEM SECOND IRR. TRUST FBO JAC disposed of 32,629 shares on Oct 10 ’24 at a per-share price of $39.73. This resulted in the 13(D) GROUP MEMBER holding 1,035,223 shares of VERX after the transaction. In another insider transaction, ITEM SECOND IRR. TRUST FBO ANN sold 42,765 shares at $40.48 per share on Oct 11 ’24. Company shares held by the 13(D) GROUP MEMBER now total 765,074.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, VERX has a high of $42.80 and a low of $21.92.

As of this writing, VERX has an earnings estimate of $0.13 per share for the current quarter. EPS was calculated based on a consensus of 12.0 estimates, with a high estimate of $0.15 per share and a lower estimate of $0.08. The company reported an EPS of $0.1 in the last quarter

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. VERX’s latest balance sheet shows that the firm has $73.33M in Cash & Short Term Investments as of fiscal 2021. There were $28.61M in debt and $369.13M in liabilities at the time. Its Book Value Per Share was $1.50, while its Total Shareholder’s Equity was $230.08M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for VERX is Buy with a score of 4.17.

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