Virtu Financial Inc [VIRT] stock prices are up 0.24% to $21.09 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The VIRT shares have gain 4.72% over the last week, with a monthly amount glided 13.57%, and seem to be holding up well over a long-time horizon.
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On 27, March 2024, Virtu Financial to Host Conference Call Announcing First Quarter 2024 Results on Wednesday, April 24, 2024. In a post published today on Yahoo Finance, 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.
From an analyst’s perspective:
Virtu Financial Inc [NASDAQ: VIRT] stock has seen the most recent analyst activity on November 28, 2023, when BofA Securities initiated its Buy rating and assigned the stock a price target of $20. Previously, Citigroup upgraded its rating to Buy on September 14, 2023, and kept the price target unchanged to $20. On April 11, 2023, upgrade upgraded it’s rating to Equal-Weight and revised its price target to $21 on the stock. Citigroup downgraded its rating to a Neutral but stick to its price target of $22.50 on January 12, 2023. Citigroup initiated its recommendation with a Buy and recommended $26 as its price target on October 12, 2022. Morgan Stanley downgraded its rating to Underweight for this stock on January 11, 2021. In a note dated November 09, 2020, Rosenblatt upgraded an Buy rating on this stock but restated the target price of $28.
The stock price of Virtu Financial Inc [VIRT] has been fluctuating between $16.02 and $21.08 over the past year. Currently, Wall Street analysts expect the stock to reach $23.38 within the next 12 months. Virtu Financial Inc [NASDAQ: VIRT] shares were valued at $21.09 at the most recent close of the market. An investor can expect a potential return of 10.86% based on the average VIRT price forecast.
Analyzing the VIRT fundamentals
The Virtu Financial Inc [NASDAQ:VIRT] reported sales of 2.13B for trailing twelve months, representing a surge of 25.36%. Gross Profit Margin for this corporation currently stands at 0.39% with Operating Profit Margin at 0.33%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.13 and Total Capital is 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.95.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 20.95 points at the first support level, and at 20.81 for the second support level. However, for the 1st resistance point, the stock is sitting at 21.21, and for the 2nd resistance point, it is at 21.34.
Virtu Financial Inc [VIRT] reported earnings per share of $0.27 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.41/share, meaning a difference of -$0.14 and a surprise factor of -34.10%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.45 per share as compared to estimates of $0.41 per share, a difference of $0.04 representing a surprise of 9.80%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 0.89, the price to book ratio is 1.56 and price to earnings (TTM) ratio is 15.00.
Transactions by insiders
Recent insider trading involved Cifu Douglas A, Chief Executive Officer, that happened on Feb 07 ’24 when 50000.0 shares were purchased. Chief Executive Officer, Cifu Douglas A completed a deal on Sep 13 ’23 to buy 50000.0 shares. Meanwhile, Co-President & Co-COO Molluso Joseph bought 15000.0 shares on Sep 13 ’23.
