Published on 17 Oct 2023 on Simply Wall St. via Yahoo Finance
Vertex Energy, Inc. (NASDAQ:VTNR) shareholders might be concerned after seeing the share price drop 24% in the last quarter. But over the last three years the stock has shone bright like a diamond. In fact, the share price has taken off in that time, up 915%. So you might argue that the recent reduction in the share price is unremarkable in light of the longer term performance. The share price action could signify that the business itself is dramatically improved, in that time. Anyone who held for that rewarding ride would probably be keen to talk about it.
With that in mind, it's worth seeing if the company's underlying fundamentals have been the driver of long term performance, or if there are some discrepancies.
Check out our latest analysis for Vertex Energy