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 $5.24B. A total of 2.25 million shares were traded on the day, compared to an average of 775.00K shares.

In the most recent transaction, Westphal Jeffrey sold 791,133 shares of VERX for 30.05 per share on Apr 05 ’24. After the transaction, the 10% Owner now owns 1,554,641 company shares. In a previous transaction on Mar 27 ’24, 2020 IRREVOCABLE TRUST FOR BEN sold 30,692 shares at 30.22 per share. VERX shares that 13(D) GROUP MEMBER owns now total 0.

Among the insiders who sold shares, 2020 IRREVOCABLE TRUST FOR BEN disposed of 50,669 shares on Mar 26 ’24 at a per-share price of $30.23. This resulted in the 13(D) GROUP MEMBER holding 30,692 shares of VERX after the transaction. In another insider transaction, ITEM SECOND IRR. TRUST FBO ANN sold 27,128 shares at $30.27 per share on Mar 26 ’24. Company shares held by the 13(D) GROUP MEMBER now total 965,074.

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 $35.38 and a low of $17.59.

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 $1.61, 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 4.09.

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