The Sell-Side Reaction To VirnetX Holding Corp (VHC)’s Recent Shift

VirnetX Holding Corp (VHC) shares saw a recent bid of $4.90 and 1.4M shares have exchanged hands in the recent trading session, yielding a -2.97% decline over the past week. The stock price increased 10.11% or $-0.45 versus $4.45 at the end of the prior session. This change led market cap to move at $258.72M, putting the price -20.45% below the 52-week high and 188.24% above the 52-week low. The company’s stock has a normal trading capacity of 542.45K shares while the relative volume is 2.68.

By historical standards, VirnetX Holding Corp remains a cheap stock. The company’s current price-earnings ratio amounts above the average P/E ratio of 20.56 times earnings. Over the short term, some market observers may have noticed that VirnetX Holding Corp has a 24.08% short float with 15 days to cover. It becomes significant when you consider how many shares are shorted versus the average daily volume, means how many days to cover those short shares at that volume. VirnetX Holding Corp has far performed well this year, with the share price up 122.73% since January. Over the past 2 quarters, the stock is up 117.78%, compared with a gain of nearly 127.91% for 3 months and about 50.77% for the past 30 days.

Last time, the company failed Wall Street by reporting EPS of $-0.15, smashing the consensus of $0.20 per share. Revenue for the quarter also did not kill consensus, coming in at $0.41M, compared to the consensus of 18.7M. Nonetheless, from here on out, earnings per share forecasts for the current quarter are $-0.15. The company is expected to report EPS as high as $0.35 and as low as $175.00 per share. Similarly, full-year EPS forecasts have ranged between $-100.00 and $0.09. The mean EPS estimate is $-0.18. On the other side, sales forecasts for the current quarter are $0.41M. The stock is expected to report revenue as high as $18.3M and as low as $97.83M per share. Similarly, full-year sales forecasts have ranged between $50M and $0.4M. The mean revenue estimate is $0.4M.

Over the last 5 years, VirnetX Holding Corp has averaged a -8.10% YoY EPS growth rate and a 138.70% revenue growth rate. Analysts are expecting EPS growth rates to be at 8.60% this quarter.

Sell-side analysts also have something to say about this company. Gilford Securities had a markedly different take on 18/09/2014, proposing that VirnetX Holding Corp is now considered Neutral versus prior Buy rating. William Blair analysts stated on 24/08/2012 that they launched coverage on this stock with Outperform rating. Dawson James analysts stated on 02/12/2009 that they launched coverage on this stock with Buy rating.

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