Virtu Financial Inc (NASDAQ: VIRT)’s stock price has soared by 0.47 in relation to previous closing price of 29.48. Nevertheless, the company has seen a gain of 28.39% in its stock price over the last five trading days. globenewswire.com reported 2024-07-22 that NEW YORK, July 22, 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, today announced that Virtu’s Triton Valor EMS was awarded best Equity E/OMS at Market Media’s European Markets Choice Awards 2024.
Is It Worth Investing in Virtu Financial Inc (NASDAQ: VIRT) Right Now?
Virtu Financial Inc (NASDAQ: VIRT) has a higher price-to-earnings ratio of 14.96x compared to its average ratio. VIRT has 36-month beta value of 0.38. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 0 as “overweight,” 4 as “hold,” and 1 as “sell.”
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The public float for VIRT is 83.37M, and currently, short sellers hold a 5.35% ratio of that float. The average trading volume of VIRT on July 23, 2024 was 1.60M shares.
VIRT’s Market Performance
VIRT stock saw an increase of 28.39% in the past week, with a monthly gain of 27.78% and a quarterly increase of 40.65%. The volatility ratio for the week is 6.37%, and the volatility levels for the last 30 days are 3.36% for Virtu Financial Inc (VIRT). The simple moving average for the past 20 days is 27.28% for VIRT’s stock, with a 48.05% 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 27.99% 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 0.37% of gains for the given period.
Volatility was left at 3.36%, however, over the last 30 days, the volatility rate increased by 6.37%, as shares surge +28.67% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +32.11% upper at present.
During the last 5 trading sessions, VIRT rose by +28.39%, which changed the moving average for the period of 200-days by +72.21% in comparison to the 20-day moving average, which settled at $23.60. In addition, Virtu Financial Inc saw 46.20% 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:
- 0.36 for the present operating margin
- 0.47 for the gross margin
The net margin for Virtu Financial Inc stands at 0.08. The total capital return value is set at 0.07. Equity return is now at value 13.50, with 1.34 for asset returns.
Based on Virtu Financial Inc (VIRT), the company’s capital structure generated 0.67 points at debt to capital in total, while cash flow to debt ratio is standing at 0.29. The debt to equity ratio resting at 2.02. The interest coverage ratio of the stock is 2.6.
Currently, EBITDA for the company is 560.46 million with net debt to EBITDA at 0.64. When we switch over and look at the enterprise to sales, we see a ratio of 1.29. The receivables turnover for the company is 2.39for trailing twelve months and the total asset turnover is 0.18.
Conclusion
To put it simply, Virtu Financial Inc (VIRT) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
