As of Thursday close, Virtu Financial Inc.’s (NASDAQ:VIRT) stock was up $0.05, moving up 0.29 percent to $17.47. The average number of shares traded per day over the past five days has been 1,239,380 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.47 fall in that time frame. In the last twenty days, the average volume was 1,005,620, while in the previous 50 days, it was 893,352.
Since last month, VIRT stock retreated -5.92%. Shares of the company fell to $16.88 on 09/13/23, the lowest level in the past month. A 52-week high of $23.74 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 -14.40% or -$2.94, and marked a new high 6 times. However, the stock has declined by -26.41% since its 52-week high.
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VIRT stock investors should be aware that Virtu Financial Inc. (VIRT) stock had its last reported insider trading activity 9 days ago on Sep 13. Cifu Douglas A, the Chief Executive Officer of the company, purchased of 50,000 shares for $17.06 on Sep 13. It resulted in a $853,150 investment by the insider. Molluso Joseph added 15,000 shares at an average price of $17.17 on Sep 13. The insider now owns 358,160 shares following the transaction. On May 04, Chief Executive Officer Cifu Douglas A bought 50,000 shares at $16.85 apiece. The transaction was valued at $842,425.
Valuation Metrics
Right now, Virtu Financial Inc. (VIRT) has a P/E ratio of about 12.76. The stock’s beta is 0.25. Besides these, the trailing price-to-sales (P/S) ratio of 1.36, the price-to-book (PB) ratio of 1.30, and the price-to-cash flow ratio of 5.42 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 -19.31% 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 62.16%, the RSI 9-day stood at 41.63% on 21 September.
With respect to its five-day moving average, the current Virtu Financial Inc. price is down by -2.62% percent or -$0.47. At present, VIRT shares trade -7.07% below its 20-day simple moving average and -12.87% percent below its 100-day simple moving average. However, the stock is currently trading approximately -0.11% below its SMA50 and -20.23% below its SMA200.
Stochastic coefficient K was 25.26% and Stochastic coefficient D was 22.42%, while ATR was 0.56. Given the Stochastic reading of 27.31% for the 14-day period, the RSI (14) reading has been calculated as 42.22%. As of today, the MACD Oscillator reading stands at -0.16, while the 14-day reading stands at -0.46.
Analyst Ratings
Citigroup upgraded its rating on Virtu Financial Inc. (NASDAQ: VIRT) to a Buy in a note to investors on September 14, 2023. The analysts firm previously had a Neutral rating on the stock.Virtu Financial Inc. (VIRT) has been rated Overweight by analysts. According to 0 brokerage firms, VIRT is a sell, and 5 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 3 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.
