Virtu Financial Inc (NASDAQ: VIRT) Loses -6.67% From High. Why That Could Change?

Currently, there are 89.09M common shares owned by the public and among those 82.08M shares have been available to trade.

The company’s stock has a 5-day price change of -1.98% and 38.49% over the past three months. VIRT shares are trading 51.48% year to date (YTD), with the 12-month market performance up to 77.71% higher. It has a 12-month low price of $16.02 and touched a high of $32.88 over the same period. VIRT has an average intraday trading volume of 1.31 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -2.11%, 2.50%, and 33.46% respectively.

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Institutional ownership of Virtu Financial Inc (NASDAQ: VIRT) shares accounts for 89.20% of the company’s 89.09M shares outstanding.

It has a market capitalization of $2.68B and a beta (3y monthly) value of 0.37. The stock’s trailing 12-month PE ratio is 15.49, while the earnings-per-share (ttm) stands at $1.98. The company has a debt-to-equity ratio at 2.56. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.73% over the week and 2.61% over the month.

Earnings per share for the fiscal year are expected to increase by 61.47%, and 2.04% over the next financial year. EPS should grow at an annualized rate of -0.60% over the next five years, compared to -12.55% over the past 5-year period.

Looking at the support for the VIRT, a number of firms have released research notes about the stock. BofA Securities stated their Buy rating for the stock in a research note on November 28, 2023, with the firm’s price target at $20. Citigroup coverage for the Virtu Financial Inc (VIRT) stock in a research note released on September 14, 2023 offered a Buy rating with a price target of $20. Morgan Stanley was of a view on April 11, 2023 that the stock is Equal-Weight, while Citigroup gave the stock Neutral rating on January 12, 2023, issuing a price target of $22.50. Citigroup on their part issued Buy rating on October 12, 2022.

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