At the time of writing, Verra Mobility Corp [VRRM] stock is trading at $30.81, up 4.09%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The VRRM shares have gain 10.31% over the last week, with a monthly amount glided 19.19%, and seem to be holding up well over a long-time horizon.
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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 $17.04 and $29.62. Currently, Wall Street analysts expect the stock to reach $23 within the next 12 months. Verra Mobility Corp [NASDAQ: VRRM] shares were valued at $30.81 at the most recent close of the market. An investor can expect a potential drop of -25.35% based on the average VRRM price forecast.
Analyzing the VRRM fundamentals
According to Verra Mobility Corp [NASDAQ:VRRM], the company’s sales were 835.14M for trailing twelve months, which represents an 9.29% jump. Gross Profit Margin for this corporation currently stands at 0.88% with Operating Profit Margin at 0.23%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.19 and Total Capital is 0.12. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.33.
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 29.91 points at the first support level, and at 29.02 for the second support level. However, for the 1st resistance point, the stock is sitting at 31.29, and for the 2nd resistance point, it is at 31.78.
Ratios To Look Out For
It is important to note that Verra Mobility Corp [NASDAQ:VRRM] has a current ratio of 2.72. As well, the Quick Ratio is 2.61, while the Cash Ratio is 0.96. Considering the valuation of this stock, the price to sales ratio is 6.14, the price to book ratio is 11.43 and price to earnings (TTM) ratio is 62.28.
Transactions by insiders
Recent insider trading involved Baldwin Jonathan, EVP-Government Solutions, that happened on Jun 13 ’24 when 9758.0 shares were sold. Director, REXFORD JOHN H completed a deal on Jun 12 ’24 to sell 9005.0 shares. Meanwhile, Director REXFORD JOHN H sold 540.0 shares on Jun 04 ’24.
