Virtu Financial Inc (NASDAQ: VIRT)’s stock price has increased by 0.44 compared to its previous closing price of 20.48. However, the company has seen a 2.08% increase in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-18 that Virtu Financial’s (VIRT) Q1 results are likely to suffer from weakness in Execution Services segment and lower net trading income, partly offset by improved interest and dividends income.
Is It Worth Investing in Virtu Financial Inc (NASDAQ: VIRT) Right Now?
Virtu Financial Inc (NASDAQ: VIRT) has a price-to-earnings ratio that is above its average at 14.63x. The stock has a 36-month beta value of 0.39. Opinions on the stock are mixed, 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 at present, short sellers hold a 1.44% of that float. On April 19, 2024, the average trading volume of VIRT was 1.09M shares.
VIRT’s Market Performance
VIRT stock saw an increase of 2.08% in the past week, with a monthly gain of 6.75% and a quarterly increase of 9.71%. The volatility ratio for the week is 2.18%, and the volatility levels for the last 30 days are 2.36% for Virtu Financial Inc (VIRT). The simple moving average for the past 20 days is 0.32% for VIRT’s stock, with a 11.15% simple moving average for the past 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 8.76% 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 unable to rebound, for now settling with -4.68% of loss for the given period.
Volatility was left at 2.36%, however, over the last 30 days, the volatility rate increased by 2.18%, as shares surge +7.30% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +26.58% upper at present.
During the last 5 trading sessions, VIRT rose by +2.08%, which changed the moving average for the period of 200-days by +21.00% in comparison to the 20-day moving average, which settled at $20.57. In addition, Virtu Financial Inc saw 1.53% 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 1.38. The receivables turnover for the company is 2.52for trailing twelve months and the total asset turnover is 0.15.
Conclusion
To sum up, Virtu Financial Inc (VIRT) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
