Virtu Financial Inc [VIRT] Is Currently 0.76 below its 200 Period Moving Avg: What Does This Mean?

Virtu Financial Inc [NASDAQ: VIRT] gained 0.76% on the last trading session, reaching $30.69 price per share at the time.

If compared to the average trading volume of 1.31M shares, VIRT reached a trading volume of 5570201 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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Here is what top equities market gurus are saying about Virtu Financial Inc [VIRT]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for VIRT shares is $29.44 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on VIRT stock is a recommendation set at 2.11. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BofA Securities have made an estimate for Virtu Financial Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on November 28, 2023. The new note on the price target was released on September 14, 2023, representing the official price target for Virtu Financial Inc stock. Previously, the target price had yet another raise from $18 to $21, while Morgan Stanley kept a Equal-Weight rating on VIRT stock.

The Average True Range (ATR) for Virtu Financial Inc is set at 0.83, with the Price to Sales ratio for VIRT stock in the period of the last 12 months amounting to 1.14. The Price to Book ratio for the last quarter was 2.18, with the Price to Cash per share for the same quarter was set at 30.23. Price to Free Cash Flow for VIRT in the course of the last twelve months was 2.13.

Trading performance analysis for VIRT stock

Virtu Financial Inc [VIRT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.98. With this latest performance, VIRT shares dropped by -0.07% in over the last four-week period, additionally plugging by 45.52% over the last 6 months – not to mention a rise of 77.71% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for VIRT stock in for the last two-week period is set at 49.45, with the RSI for the last a single of trading hit 44.16, and the three-weeks RSI is set at 53.45 for Virtu Financial Inc [VIRT]. The present Moving Average for the last 50 days of trading for this stock 29.96, while it was recorded at 30.76 for the last single week of trading, and 23.05 for the last 200 days.

Virtu Financial Inc [VIRT]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for VIRT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Virtu Financial Inc go to -0.60%.

An analysis of Institutional ownership at Virtu Financial Inc [VIRT]

There are presently around $88.78%, or 94.06%% of VIRT stock, in the hands of institutional investors. The top three institutional holders of VIRT stocks are: BLACKROCK INC. with ownership of 11.02 million shares, which is approximately 12.377%. VANGUARD GROUP INC, holding 10.09 million shares of the stock with an approximate value of $$226.51 million in VIRT stocks shares; and VANGUARD GROUP INC, currently with $$166.5 million in VIRT stock with ownership which is approximately 8.3334%.

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