In yesterday’s Wall Street session, VirnetX Holding Corp (NYSE:VHC) shares traded at $1.44, down -8.86% from the previous session.
1 analysts cover VirnetX Holding Corp (NYSE:VHC), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $36.00 and a low of $36.00, we find $36.00. Given the previous closing price of $1.58, this indicates a potential upside of 2178.48 percent. VHC stock price is now 11.09% away from the 50-day moving average and 1.06% away from the 200-day moving average. The market capitalization of the company currently stands at $112.90M.
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The stock has received a hold rating from 0 analysts and a buy rating from 1. Brokers who have rated the stock have averaged $36.00 as their price target over the next twelve months.
, while ‘Dawson James’ rates the stock as ‘Buy’.
In other news, Larsen Kendall, President & CEO bought 1,870 shares of the company’s stock on May 25. The stock was bought for $2,113 at an average price of $1.13. Upon completion of the transaction, the President & CEO now directly owns 654,657 shares in the company, valued at $0.94 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 24, President & CEO Larsen Kendall bought 13,829 shares of the business’s stock. A total of $16,595 was incurred on buying the stock at an average price of $1.20. This leaves the insider owning 652,787 shares of the company worth $0.94 million. A total of 16.67% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in VHC stock. A new stake in VirnetX Holding Corp shares was purchased by EP WEALTH ADVISORS, LLC during the first quarter worth $59,000. Y-INTERCEPT (HONG KONG) LTD invested $35,000 in shares of VHC during the first quarter. In the first quarter, TWO SIGMA SECURITIES, LLC acquired a new stake in VirnetX Holding Corp valued at approximately $30,000. JANE STREET GROUP, LLC acquired a new stake in VHC for approximately $28,000. MAN GROUP PLC purchased a new stake in VHC valued at around $16,000 in the second quarter. In total, there are 104 active investors with 18.60% ownership of the company’s stock.
On Friday morning VirnetX Holding Corp (NYSE: VHC) stock kicked off with the opening price of $1.6000. During the past 12 months, VirnetX Holding Corp has had a low of $0.99 and a high of $2.66. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 83.90, and a quick ratio of 83.90. The fifty day moving average price for VHC is $1.3000 and a two-hundred day moving average price translates $1.4234 for the stock.
The latest earnings results from VirnetX Holding Corp (NYSE: VHC) was released for Jun, 2022. The company reported revenue of $4000.0 for the quarter, compared to $4000.0 a year earlier.
Moreover, the firm recently paid out its quarterly dividend on 05/26/2020. Investors who held shares on 05/18/2020 were paid a $1.00 dividend.
VirnetX Holding Corp(VHC) Company Profile
VirnetX Holding Corporation, through its subsidiary VirnetX, Inc., operates as an Internet security software and technology company primarily in the United States. The company develops software and technology solutions, including secure domain name registry and GABRIEL Connection Technology that are designed to secure communications over the Internet using zero trust network access. It also offers a portfolio of licenses and services, such as VirnetX One, a security-as-a-service platform that protects enterprise applications, services, and infrastructure from cyber-attacks; GABRIEL Connection Technology software development kit to assist with rapid integration of its techniques into existing software implementations; and War Room software that offers safe and secure video conferencing meeting environment where sensitive communications and data is invisible to those not authorized to view it. In addition, the company provides GABRIEL Collaboration Suite that enables seamless and secure cross-platform communications between users’ devices. It serves domain infrastructure and communication service providers, and system integrators; and enterprise customers, developers, and original equipment manufacturers of chips, servers, desktops, smart phones, tablets, laptops, net books, and other devices in the IP-telephony, mobility, fixed-mobile convergence, and unified communications markets. The company was incorporated in 2005 and is headquartered in Zephyr Cove, Nevada.
