Virtu Financial Inc (VIRT) Stock: A Closer Look at the Market Potential

The price-to-earnings ratio for Virtu Financial Inc (NASDAQ: VIRT) is above average at 15.14x, Company’s 36-month beta value is 0.39.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 0 as “overweight,” 4 as “hold,” and 1 as “sell.”

The public float for VIRT is 84.41M, and currently, short sellers hold a 1.48% ratio of that floaft. The average trading volume of VIRT on April 04, 2024 was 1.13M shares.

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VIRT) stock’s latest price update

The stock of Virtu Financial Inc (NASDAQ: VIRT) has increased by 0.90 when compared to last closing price of 21.09. Despite this, the company has experienced a 5.19% gain in its stock price over the last five trading sessions. GlobeNewsWire reported 2024-03-27 that NEW YORK, March 27, 2024 (GLOBE NEWSWIRE) — Virtu Financial, Inc. (Nasdaq:VIRT), a leading provider of global, multi-asset financial services that delivers liquidity and innovative, transparent products across the complete investment cycle to the global markets, will announce its results for the first quarter 2024 on Wednesday, April 24, 2024, before the US market open.

VIRT’s Market Performance

Virtu Financial Inc (VIRT) has experienced a 5.19% rise in stock performance for the past week, with a 12.77% rise in the past month, and a 4.57% rise in the past quarter. The volatility ratio for the week is 2.07%, and the volatility levels for the past 30 days are at 2.38% for VIRT. The simple moving average for the last 20 days is 8.07% for VIRT stock, with a simple moving average of 15.95% for the last 200 days.

Analysts’ Opinion of VIRT

Many brokerage firms have already submitted their reports for VIRT stocks, with BofA Securities repeating the rating for VIRT by listing it as a “Buy.” The predicted price for VIRT in the upcoming period, according to BofA Securities is $20 based on the research report published on November 28, 2023 of the previous year 2023.

Citigroup, on the other hand, stated in their research note that they expect to see VIRT reach a price target of $20. The rating they have provided for VIRT stocks is “Buy” according to the report published on September 14th, 2023.

Morgan Stanley gave a rating of “Equal-Weight” to VIRT, setting the target price at $21 in the report published on April 11th of the previous year.

VIRT Trading at 16.80% from the 50-Day Moving Average

After a stumble in the market that brought VIRT to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 0.40% of gains for the given period.

Volatility was left at 2.38%, however, over the last 30 days, the volatility rate increased by 2.07%, as shares surge +11.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.13% upper at present.

During the last 5 trading sessions, VIRT rose by +5.19%, which changed the moving average for the period of 200-days by +14.47% in comparison to the 20-day moving average, which settled at $19.80. In addition, Virtu Financial Inc saw 5.03% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at VIRT starting from Cifu Douglas A, who purchase 50,000 shares at the price of $16.21 back on Feb 07 ’24. After this action, Cifu Douglas A now owns 584,132 shares of Virtu Financial Inc, valued at $810,410 using the latest closing price.

Cifu Douglas A, the Chief Executive Officer of Virtu Financial Inc, purchase 50,000 shares at $17.06 during a trade that took place back on Sep 13 ’23, which means that Cifu Douglas A is holding 442,755 shares at $853,150 based on the most recent closing price.

Stock Fundamentals for VIRT

Current profitability levels for the company are sitting at:

  • 0.33 for the present operating margin
  • 0.39 for the gross margin

The net margin for Virtu Financial Inc stands at 0.09. The total capital return value is set at 0.07. Equity return is now at value 10.52, with 1.07 for asset returns.

Based on Virtu Financial Inc (VIRT), the company’s capital structure generated 0.75 points at debt to capital in total, while cash flow to debt ratio is standing at 0.45. The debt to equity ratio resting at 2.95. The interest coverage ratio of the stock is 3.12.

Currently, EBITDA for the company is 560.46 million with net debt to EBITDA at 1.82. When we switch over and look at the enterprise to sales, we see a ratio of 1.41. The receivables turnover for the company is 2.52for trailing twelve months and the total asset turnover is 0.15.

Conclusion

In a nutshell, Virtu Financial Inc (VIRT) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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