The stock of Verra Mobility Corp (NASDAQ: VRRM) has increased by 1.42 when compared to last closing price of 23.20.Despite this, the company has seen a gain of 1.77% in its stock price over the last five trading days. prnewswire.com reported 2024-11-11 that Verra Mobility proprietary data shows the Wednesday before Thanksgiving sees more than 50,000 red-light violations MESA, Ariz., Nov. 11, 2024 /PRNewswire/ – Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today new proprietary data from its U.S. traffic safety systems, showing that for the past five years (2019-2023), the Wednesday before Thanksgiving recorded the highest number of red-light violations over the holiday weekend, while Thanksgiving Day experienced the most speeding violations for the past two years (2022 and 2023).
Is It Worth Investing in Verra Mobility Corp (NASDAQ: VRRM) Right Now?
Verra Mobility Corp (NASDAQ: VRRM) has a higher price-to-earnings ratio of 39.16x compared to its average ratio. VRRM has 36-month beta value of 1.23. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for VRRM is 160.44M, and currently, short sellers hold a 1.58% ratio of that float. The average trading volume of VRRM on November 13, 2024 was 1.08M shares.
VRRM’s Market Performance
VRRM stock saw a decrease of 1.77% in the past week, with a monthly decline of -12.85% and a quarterly a decrease of -12.85%. The volatility ratio for the week is 3.17%, and the volatility levels for the last 30 days are 2.93% for Verra Mobility Corp (VRRM). The simple moving average for the last 20 days is -7.04% for VRRM’s stock, with a simple moving average of -9.35% for the last 200 days.
Analysts’ Opinion of VRRM
Many brokerage firms have already submitted their reports for VRRM stocks, with UBS repeating the rating for VRRM by listing it as a “Buy.” The predicted price for VRRM in the upcoming period, according to UBS is $25 based on the research report published on October 20, 2023 of the previous year 2023.
Deutsche Bank, on the other hand, stated in their research note that they expect to see VRRM reach a price target of $26, previously predicting the price at $21. The rating they have provided for VRRM stocks is “Buy” according to the report published on July 31st, 2023.
Robert W. Baird gave a rating of “Neutral” to VRRM, setting the target price at $18 in the report published on July 13th of the previous year.
VRRM Trading at -11.01% from the 50-Day Moving Average
After a stumble in the market that brought VRRM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -24.17% of loss for the given period.
Volatility was left at 2.93%, however, over the last 30 days, the volatility rate increased by 3.17%, as shares sank -12.66% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.98% lower at present.
During the last 5 trading sessions, VRRM rose by +1.77%, which changed the moving average for the period of 200-days by -1.09% in comparison to the 20-day moving average, which settled at $25.31. In addition, Verra Mobility Corp saw 2.17% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at VRRM starting from Conti Craig C, who sale 25,000 shares at the price of $26.92 back on Aug 13 ’24. After this action, Conti Craig C now owns 47,210 shares of Verra Mobility Corp, valued at $672,910 using the latest closing price.
ROBERTS DAVID MARTIN, the President and CEO of Verra Mobility Corp, sale 129,018 shares at $27.00 during a trade that took place back on Aug 13 ’24, which means that ROBERTS DAVID MARTIN is holding 673,290 shares at $3,483,980 based on the most recent closing price.
Stock Fundamentals for VRRM
Current profitability levels for the company are sitting at:
- 0.24 for the present operating margin
- 0.86 for the gross margin
The net margin for Verra Mobility Corp stands at 0.12. The total capital return value is set at 0.12. Equity return is now at value 22.71, with 5.61 for asset returns.
Based on Verra Mobility Corp (VRRM), the company’s capital structure generated 0.69 points at debt to capital in total, while cash flow to debt ratio is standing at 0.22. The debt to equity ratio resting at 2.2. The interest coverage ratio of the stock is 2.62.
Currently, EBITDA for the company is 303.4 million with net debt to EBITDA at 2.72. When we switch over and look at the enterprise to sales, we see a ratio of 5.45. The receivables turnover for the company is 2.9for trailing twelve months and the total asset turnover is 0.47. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.58.
Conclusion
To put it simply, Verra Mobility Corp (VRRM) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
