A share price of Verra Mobility Corp [VRRM] is currently trading at $23.32, down -0.55%. 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 0.26% over the last week, with a monthly amount drifted -15.54%, and not 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.
Verra Mobility Corp experienced fluctuations in its stock price throughout the past year between $19.62 and $31.03. Currently, Wall Street analysts expect the stock to reach $25 within the next 12 months. Verra Mobility Corp [NASDAQ: VRRM] shares were valued at $23.32 at the most recent close of the market. An investor can expect a potential return of 7.2% based on the average VRRM price forecast.
Analyzing the VRRM fundamentals
Trailing Twelve Months sales for Verra Mobility Corp [NASDAQ:VRRM] were 868.72M which represents 7.44% growth. Gross Profit Margin for this corporation currently stands at 0.86% with Operating Profit Margin at 0.24%, Pretax Profit Margin comes in at 0.16%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.23 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 2.15.
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 23.10 points at the first support level, and at 22.89 for the second support level. However, for the 1st resistance point, the stock is sitting at 23.53, and for the 2nd resistance point, it is at 23.75.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Verra Mobility Corp [NASDAQ:VRRM] is 2.58. Also, the Quick Ratio is 2.49, while the Cash Ratio stands at 1.02. Considering the valuation of this stock, the price to sales ratio is 4.42, the price to book ratio is 7.90 and price to earnings (TTM) ratio is 38.81.
Transactions by insiders
Recent insider trading involved Conti Craig C, CFO, that happened on Aug 13 ’24 when 25000.0 shares were sold. President and CEO, ROBERTS DAVID MARTIN completed a deal on Aug 13 ’24 to sell 0.13 million shares. Meanwhile, Officer CRAIG CONTI bought 25000.0 shares on Aug 13 ’24.
