VirnetX (NYSE:VHC) Stock Price Passes Above Two Hundred Day Moving Average - What's Next?

Key Points

• VirnetX Holding Corp's stock price surpassed its two hundred day moving average of $10.76, reaching a high of $14.50 and last trading at $14.00.
• Wall Street analysts have upgraded VirnetX from a "sell" rating to a "hold" rating, indicating a potential shift in investor sentiment.
• The company reported a quarterly earnings loss of ($0.99) EPS with revenue of $0.05 million, reflecting ongoing challenges in profitability.

Shares of VirnetX Holding Corp (NYSE:VHC - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.76 and traded as high as $14.50. VirnetX shares last traded at $14.00, with a volume of 6,539 shares.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised VirnetX from a "sell" rating to a "hold" rating in a research report on Saturday, August 16th.

VirnetX Stock Performance

The company has a market capitalization of $79.53 million, a P/E ratio of -3.88 and a beta of 1.74. The firm has a 50 day moving average price of $15.37 and a two-hundred day moving average price of $10.94.

VirnetX (NYSE:VHC - Get Free Report) last released its quarterly earnings data on Tuesday, August 12th. The technology company reported ($0.99) earnings per share for the quarter. The firm had revenue of $0.05 million during the quarter.

Institutional Investors Weigh In On VirnetX

A hedge fund recently raised its stake in VirnetX stock. Geode Capital Management LLC increased its holdings in shares of VirnetX Holding Corp (NYSE:VHC - Free Report) by 4.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,357 shares of the technology company's stock after acquiring an additional 1,318 shares during the period. Geode Capital Management LLC owned about 0.76% of VirnetX worth $351,000 at the end of the most recent quarter. 10.37% of the stock is owned by hedge funds and other institutional investors.

About VirnetX

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.