What Direction Does VirTra Inc (NASDAQ: VTSI) Analysts Think The Company Will Take?

The trading price of VirTra Inc (NASDAQ:VTSI) floating higher at last check on Tuesday, April 02, closing at $13.28, 39.20% higher than its previous close.

The company’s P/E ratio in the trailing 12-month period was 20.72, while its 5Y monthly beta was 0.84. In examining the 52-week price action we see that the stock hit a 52-week high of $12.93 and a 52-week low of $4.20. Over the past month, the stock has gained 37.62% in value.

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VirTra Inc, whose market valuation is $147.28 million at the time of this writing, is expected to release its quarterly earnings report May 13, 2024 – May 17, 2024. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0.14 per share this quarter, however they have predicted annual earnings per share of $0.71 for 2024 and $0 for 2025. It means analysts are expecting annual earnings per share growth of -7.80%.

Analysts have forecast the company to bring in revenue of $10.03 million for the current quarter, with the likely lows of $10.03 million and highs of $10.03 million. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2024 is $40.28 million. The company’s revenue is forecast to grow by 5.90% over what it did in 2024.

A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of VirTra Inc No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest VTSI has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.

If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 0.69, which symbolizes a positive outlook. A quick review shows that VTSI’s price is currently 39.17% off the SMA20 and 26.33% off the SMA50. The RSI metric on the 14-day chart is currently showing 72.04, and weekly volatility stands at 7.70%. When measured over the past 30 days, the indicator reaches 5.12%. VirTra Inc (NASDAQ:VTSI)’s beta value is currently sitting at 0.90, while the Average True Range indicator is currently displaying 0.85.

To see how VirTra Inc stock has been performing today in comparison to its peers in the industry, here are the numbers: VTSI stock’s performance was 39.20% at last check in today’s session, and 232.00% in the past year. VirTra Inc has a P/E ratio of 20.72.

An evaluation of the daily trading volume of VirTra Inc (NASDAQ:VTSI) indicates that the 3-month average is 179.06K. However, this figure has increased over the past 10 days to an average of 0.11 million.

Currently, records show that 11.09 million of the company’s shares remain outstanding. The insiders hold 5.95% of outstanding shares, whereas institutions hold 15.31%. The stats also highlight that short interest as of Mar 15, 2024, stood at 58450.0 shares, resulting in a short ratio of 0.51 at that time. From this, we can conclude that short interest is 0.53% of the company’s total outstanding shares. It is noteworthy that short shares in March were down slightly from the previous month’s figure, which was 0.13 million. However, since the stock’s price has seen 40.23% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.