At the time of writing, Verra Mobility Corp [VRRM] stock is trading at $24.68, down -1.48%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The VRRM shares have gain 1.65% over the last week, with a monthly amount glided 9.49%, and seem to be holding up well over a long-time horizon.
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On 9, April 2024, Verra Mobility Joins Connected Vehicle Systems Alliance (COVESA). In a post published today on Yahoo Finance, Verra Mobility will take an active role in the development of open standards and technology for connected vehicles as part of trusted global alliance of automotive experts.
From an analyst’s perspective:
Verra Mobility Corp [NASDAQ: VRRM] stock has seen the most recent analyst activity on October 20, 2023, when UBS initiated its Buy rating and assigned the stock a price target of $25. Previously, Deutsche Bank upgraded its rating to Buy on July 31, 2023, and elevated its price target to $26. On July 13, 2022, downgrade downgraded it’s rating to Neutral but maintained its price target of $18 on the stock. Deutsche Bank started tracking the stock assigning a Hold rating and suggested a price target of $17 on March 30, 2022. Morgan Stanley downgraded its rating to a Equal-Weight and raised its price target to $15 on May 26, 2021. Morgan Stanley downgraded its rating to Equal-Weight for this stock on February 26, 2021, but kept the price target unchanged to $14. In a note dated June 12, 2020, Northcoast initiated an Buy rating.
For the past year, the stock price of Verra Mobility Corp fluctuated between $16.22 and $25.57. Currently, Wall Street analysts expect the stock to reach $23 within the next 12 months. Verra Mobility Corp [NASDAQ: VRRM] shares were valued at $24.68 at the most recent close of the market. An investor can expect a potential drop of -6.81% based on the average VRRM price forecast.
Analyzing the VRRM fundamentals
According to Verra Mobility Corp [NASDAQ:VRRM], the company’s sales were 817.31M for trailing twelve months, which represents an 13.41% jump. Gross Profit Margin for this corporation currently stands at 0.91% with Operating Profit Margin at 0.23%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.15 and Total Capital is 0.12. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.48.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 24.33 points at the first support level, and at 23.98 for the second support level. However, for the 1st resistance point, the stock is sitting at 24.93, and for the 2nd resistance point, it is at 25.19.
Verra Mobility Corp [VRRM] reported earnings per share of $0.24 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.25/share, meaning a difference of -$0.01 and a surprise factor of -4.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.29 per share as compared to estimates of $0.27 per share, a difference of $0.02 representing a surprise of 7.40%.
Ratios To Look Out For
It is important to note that Verra Mobility Corp [NASDAQ:VRRM] has a current ratio of 2.05. Also, the Quick Ratio is 1.95, while the Cash Ratio stands at 0.65. Considering the valuation of this stock, the price to sales ratio is 5.01, the price to book ratio is 9.75 and price to earnings (TTM) ratio is 70.15.
Transactions by insiders
Recent insider trading involved REXFORD JOHN H, Director, that happened on Mar 12 ’24 when 10000.0 shares were sold. Chief Legal Officer, Keyser Jonathan completed a deal on Mar 04 ’24 to sell 7789.0 shares. Meanwhile, President and CEO ROBERTS DAVID MARTIN sold 0.19 million shares on Nov 14 ’23.
