VIRC Stock Summary and Trading Ideas (Virco Mfg | NASDAQ:VIRC)

Virco Manufacturing Corp is engaged in designing, production and distributing quality furniture for the commercial and education markets. The company manufactures an assortment of products, including mobile tables, mobile storage equipment, desks, computer furniture, chairs, and activity tables, folding chairs, and folding tables. Its primary furniture lines are constructed of tubular metal legs and frames, combined with wood and plastic tops, plastic seats and backs, upholstered seats and backs, and upholstered rigid polyethylene and polypropylene shells.

Virco Mfg trades on the NASDAQ stock market under the symbol VIRC.

As of April 19, 2024, VIRC stock price declined to $10.26 with 65,581 million shares trading.

VIRC has a beta of 0.60, meaning it tends to be less sensitive to market movements. VIRC has a correlation of 0.01 to the broad based SPY ETF.

VIRC has a market cap of $167.72 million. This is considered a Micro Cap stock.

Last quarter Virco Mfg reported $43 million in Revenue and -$.14 earnings per share. This beat revenue expectation by $2 million and missed earnings estimates by -$.01.

In the last 3 years, VIRC stock traded as high as $13.08 and as low as $2.63.

The top ETF exchange traded funds that VIRC belongs to (by Net Assets): VTI, AVUV, VXF, DFAT, IWC.

VIRC has outperformed the market in the last year with a return of +135.7%, while the SPY ETF gained +21.2%. However, in the most recent history, VIRC shares have underperformed the stock market with its stock returning -10.0% in the last 3 month period and -14.4% for the last 2 week period, while SPY has returned +3.0% and -4.5%, respectively.

VIRC support price is $9.93 and resistance is $10.77 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that VIRC stock will trade within this expected range on the day.