As of Friday close, Virtu Financial Inc.’s (NASDAQ:VIRT) stock was down -$0.3, moving down -1.56 percent to $18.95. The average number of shares traded per day over the past five days has been 845,420 shares. 2 times new highs have been achieved over the past 5 days, with a $0.16 gain in that time frame. In the last twenty days, the average volume was 925,405, while in the previous 50 days, it was 949,960.
Since last month, VIRT stock rose 2.82%. Shares of the company fell to $17.91 on 08/03/23, the lowest level in the past month. A 52-week high of $25.48 was reached on 01/10/23 after having rallying from a 52-week low of $16.26. Since the beginning of this year, VIRT’s stock price has dropped by -7.15% or -$1.46, and marked a new high 6 times. However, the stock has declined by -25.63% since its 52-week high.
VIRT stock investors should be aware that Virtu Financial Inc. (VIRT) stock had its last reported insider trading activity 107 days ago on May 04. Cifu Douglas A, the Chief Executive Officer of the company, purchased of 50,000 shares for $16.85 on May 04. It resulted in a $842,425 investment by the insider. Fairclough Brett sold 50,000 shares at an average price of $19.39 on May 01. The insider now owns 37,005 shares following the transaction. On Nov 07, Director Minieri Joanne bought 4,000 shares at $22.63 apiece. The transaction was valued at $90,512.
Valuation Metrics
Right now, Virtu Financial Inc. (VIRT) has a P/E ratio of about 13.84. The stock’s beta is 0.23. Besides these, the trailing price-to-sales (P/S) ratio of 1.42, the price-to-book (PB) ratio of 1.41, and the price-to-cash flow ratio of 5.63 may also be considered.
The latest dividend of $0.24 per share was paid out, remained unchanged from last year’s $0.24.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 2.44, and the total debt-to-equity ratio was 7.96. On the profitability front, the trailing twelve-month gross margin is 52.70% percent. In the year ended June 29, operating margins totaled 14.30%. Based on annual data, VIRT earned $556.8 million in gross profit and brought in $2.36 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 5.20%. Return on equity (ROE) for the past 12 months was 10.30%.
In Virtu Financial Inc.’s quarter-end financial report for June 29, it reported total debt of $1.78 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. VIRT’s revenue fell -38.36% to $620.38 million during the quarter, while net income inched up to $506.85 million. While analysts expected Virtu Financial Inc. to report $0.37 quarterly earnings, the actual figure was $0.37 per share. During the quarter, the company generated $181.68 million in EBITDA. The value of shareholders’ equity is $162.96 million.
Technical Picture
This quick technical analysis looks at Virtu Financial Inc.’s (VIRT) price momentum. With a historical volatility rate of 20.40%, the RSI 9-day stood at 55.59% on 18 August.
With respect to its five-day moving average, the current Virtu Financial Inc. price is up by +0.85% percent or $0.16. At present, VIRT shares trade +2.32% above its 20-day simple moving average and +8.29% percent above its 100-day simple moving average. However, the stock is currently trading approximately +3.72% above its SMA50 and -15.33% below its SMA200.
Stochastic coefficient K was 74.28% and Stochastic coefficient D was 69.71%, while ATR was 0.39. Given the Stochastic reading of 68.65% for the 14-day period, the RSI (14) reading has been calculated as 56.16%. As of today, the MACD Oscillator reading stands at 0.15, while the 14-day reading stands at 0.24.
Analyst Ratings
Morgan Stanley upgraded its rating on Virtu Financial Inc. (NASDAQ: VIRT) to an Equal-weight in a note to investors on April 11, 2023. The analysts firm previously had an Underweight rating on the stock.Virtu Financial Inc. (VIRT) has been rated Hold by analysts. According to 0 brokerage firms, VIRT is a sell, and 6 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Virtu Financial Inc. stock as buy, with 2 recommending it as overweight.
With a median target price of $20.50, the current consensus forecast for the stock is $19.00 – $26.00. Based on these forecasts, analysts predict Virtu Financial Inc. (VIRT) will achieve an average price target of $20.88.
