The stock of Virtu Financial Inc. (NASDAQ:VIRT) decreased by -$0.07 on Friday to finish at $18.79, down -0.37 percent. The last five days have seen an average of 694,180 shares of common stock traded. 6 times new highs were reached in the current year, with a fall of -$1.62. The average number of shares traded over the last 20 days was 875,730, while the average volume over the last 50 days totaled 947,408.
VIRT stock appreciated 3.75% since last month. On 07/12/23, the company’s shares reached a one-month low of $17.19. The stock touched a high of $25.71 on 01/10/23, after rallying from a low of $16.26 in 52 weeks. The price of VIRT stock has declined by -7.94% or -$1.62 this year, reaching a new high 6 times. Still, the stock price is down -26.92% from the 52-week high.
Insider Transactions
VIRT stock investors should be aware that Virtu Financial Inc. (VIRT) stock had its last reported insider trading activity 102 days ago on May 04. On May 04, Chief Executive Officer Cifu Douglas A acquired 50,000 shares at $16.85 each. This transaction resulted in the insider spending $842,425. On May 01, Fairclough Brett sold 50,000 shares at a price of US$19.39. After the transaction, the insider now owns 37,005 shares. Director Minieri Joanne had earlier bought 4,000 shares on Nov 07 for $22.63 a share. The transaction was completed for $90,512.
Valuation Metrics
Virtu Financial Inc. (VIRT) has a trailing price-to-earnings (P/E) ratio of 13.73. Beta for the stock is 0.24. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.41, the price-to-book (PB) ratio of 1.40, and the price-to-cash flow ratio of 5.58.
Company paid $0.24 per share in dividends, remained unchanged from $0.24 last year.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 2.44, and the total debt to equity ratio is 7.96. As far as profitability goes, gross margin for the trailing twelve months is 52.70% percent. Virtu Financial Inc.’s operating margin stood at 14.30% for the same period. Based on annual data, it had gross profit of $556.8 million and revenue of $2.36 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. VIRT’s return on assets (ROA) during the last 12 months has been 1.20%. There was a 5.20% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 10.30%.
Earnings Surprise
According to Virtu Financial Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $506.85 million, while revenues fell by -38.36% to $620.38 million. It was predicted that Virtu Financial Inc.’s quarterly earnings would be $0.37, but it ended up being $0.37. EBITDA was $181.68 million for the quarter. At the end of Virtu Financial Inc.’s most recent quarter ended June 29, its total debt was $4.57 billion. Equity owned by shareholders amounts to $162.96 million.
Technical Picture
Here’s a quick look at Virtu Financial Inc.’s (VIRT) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 55.68%, suggesting the stock is Neutral, with a 23.88% historical volatility rate.
The stochastic %K and %D were 58.74% and 62.70% respectively, while the average true range (ATR) was 0.41. Based on the 14-day stochastic reading of 61.54%, the RSI (14) reading is 56.12%. On the 9-day MACD Oscillator, the stock is at 0.07, and the 14-day reading is at 0.08.
Analyst Ratings
In its most recent analyst report, Morgan Stanley raised its rating on Virtu Financial Inc. (NASDAQ: VIRT) to an Equal-weight. Prior to this, analysts firm rated the stock as an Underweight.
What is VIRT’s price target for the next 12 months?
The current consensus forecast for the stock is between $19.00 and $26.00, with a median target price of $20.50. In analyzing these forecasts, the average price target given by analysts for Virtu Financial Inc. (VIRT) is $20.88.
