Could Virtu Financial, Inc. (VIRT) Go Down After Achieving Record High?

April 17, 2018 - By Henry Gaston

The stock of Virtu Financial, Inc. (NASDAQ:VIRT) reached all time high today, Apr, 17 and still has $39.43 target or 7.00 % above today’s $36.85 share price. This indicates more upside for the $6.94 billion company. This technical setup was reported by Barchart.com. If the $39.43 PT is reached, the company will be worth $485.45 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 1.52% or $0.55 during the last trading session, reaching $36.85. About 433,430 shares traded. Virtu Financial, Inc. (NASDAQ:VIRT) has risen 97.08% since April 17, 2017 and is uptrending. It has outperformed by 85.53% the S&P500.

Analysts await Virtu Financial, Inc. (NASDAQ:VIRT) to report earnings on May, 3. They expect $0.44 earnings per share, up 214.29 % or $0.30 from last year’s $0.14 per share. VIRT’s profit will be $82.81M for 20.94 P/E if the $0.44 EPS becomes a reality. After $0.22 actual earnings per share reported by Virtu Financial, Inc. for the previous quarter, Wall Street now forecasts 100.00 % EPS growth.

Virtu Financial, Inc. (NASDAQ:VIRT) Ratings Coverage

Among 4 analysts covering Virtu Financial (NASDAQ:VIRT), 1 have Buy rating, 1 Sell and 2 Hold. Therefore 25% are positive. Virtu Financial had 9 analyst reports since October 18, 2017 according to SRatingsIntel. The rating was maintained by JP Morgan with “Underweight” on Tuesday, February 13. Sandler O’Neill maintained the stock with “Buy” rating in Wednesday, March 28 report. The company was maintained on Thursday, February 8 by Sandler O’Neill. As per Thursday, January 25, the company rating was maintained by JP Morgan. The firm has “Buy” rating given on Friday, January 12 by Sandler O’Neill. The rating was downgraded by JP Morgan to “Underweight” on Wednesday, October 18. The rating was upgraded by J.P. Morgan on Tuesday, February 6 to “Hold”. The rating was downgraded by J.P. Morgan to “Sell” on Wednesday, October 18. The firm earned “Neutral” rating on Wednesday, November 8 by Citigroup.

Virtu Financial, Inc., together with its subsidiaries, provides market making and liquidity services to the financial markets worldwide. The company has market cap of $6.94 billion. The firm offers a technology platform through which it provides quotations to buyers and sellers in equities, commodities, currencies, options, fixed income, and other securities on various exchanges, markets, and liquidity pools. It has a 1417.31 P/E ratio.

Virtu Financial, Inc. (NASDAQ:VIRT) Ratings Chart

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