Vertex Energy, Inc. is a publicly traded company listed on the NASDAQ exchange with a stock symbol of VTNR. The company has a current market capitalization of 634 mln USD based on its share price of 8.38 USD per share and 75.66 mln outstanding shares as of 3 Feb 2023. On 1 Feb 2023 the market cap was 556 mln USD and it had decreased to 550.8 mln USD two days later (2 Feb 2023). The current share price is 0.36 higher than the previous close (8 USD) but still considerably lower than its year high of 18.1 USD that was set in November 2020 and 40% lower than its 50-day average price (6.7 USD).
The company’s financial performance has been mixed over the last 12 months, with negative earnings per share (EPS) of -0.435 reported for the year ending February 2021 and no reliable indications about future earnings prospects available at the time of writing this report. The relatively low market capitalization, combined with no reliable earnings expectations suggests that investors are either uncertain about Vertex Energy’s future prospects or that they see it as undervalued at present levels. This view may be further supported by an analysis of the company’s 200-day average price relative to its current market cap; at 9.17 versus 8.38, respectively, it appears slightly undervalued in comparison to peers with similar financial metrics.
