As of Wednesday close, Verra Mobility Corporation’s (NASDAQ:VRRM) stock was down -$0.18, moving down -0.99 percent to $17.97. The average number of shares traded per day over the past five days has been 2,791,640 shares. 3 times new highs have been achieved over the past 5 days, with a -$1.11 fall in that time frame. In the last twenty days, the average volume was 1,752,935, while in the previous 50 days, it was 1,224,454.
Since last month, VRRM stock retreated -14.71%. Shares of the company fell to $17.04 on 08/29/23, the lowest level in the past month. A 52-week high of $21.54 was reached on 08/10/23 after having rallying from a 52-week low of $12.76. Since the beginning of this year, VRRM’s stock price has risen by 29.93% or $4.14, and marked a new high 42 times. However, the stock has declined by -16.57% since its 52-week high.
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Sponsored
VRRM stock investors should be aware that Verra Mobility Corporation (VRRM) stock had its last reported insider trading activity 14 days ago on Aug 17. Conti Craig C, the EVP and CFO of the company, disposed of 37,780 shares for $19.14 on Aug 17. It resulted in a $723,196 divestment by the insider. Lalla Steve sold 48,000 shares at an average price of $17.38 on May 08. The insider now owns 4,697 shares following the transaction. On Mar 02, President and CEO ROBERTS DAVID MARTIN sold 25,000 shares at $17.64 apiece. The transaction was valued at $441,025.
Valuation Metrics
Right now, Verra Mobility Corporation (VRRM) has a P/E ratio of about 36.45. The stock’s beta is 1.23. Besides these, the trailing price-to-sales (P/S) ratio of 3.90, the price-to-book (PB) ratio of 5.83, and the price-to-cash flow ratio of 17.44 may also be considered.
Financial Health
In the three months ended June 29, Verra Mobility Corporation’s quick ratio stood at 2.90, while its current ratio was 3.00, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 2.43, and the total debt-to-equity ratio was 2.45. On the profitability front, the trailing twelve-month gross margin is 94.20% percent. In the year ended June 29, EBITDA margin amounted to 41.63%, whereas operating margins totaled 25.00%. Based on annual data, VRRM earned $468.01 million in gross profit and brought in $741.6 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 9.20%. Return on equity (ROE) for the past 12 months was 27.10%.
In Verra Mobility Corporation’s quarter-end financial report for June 29, it reported total debt of $1.13 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. VRRM’s revenue rose 8.3% to $191.9 million during the quarter, while net income inched up to $204.46 million. While analysts expected Verra Mobility Corporation to report $0.27 quarterly earnings, the actual figure was $0.29 per share, beating the consensus estimate by 7.40%. During the quarter, the company generated $86.4 million in EBITDA. The liabilities of Verra Mobility Corporation were 1.44 billion at the end of its most recent quarter ended June 29, and its total debt was $1.18 billion. The value of shareholders’ equity is $169.67 million.
Technical Picture
This quick technical analysis looks at Verra Mobility Corporation’s (VRRM) price momentum. With a historical volatility rate of 37.72%, the RSI 9-day stood at 23.36% on 30 August.
With respect to its five-day moving average, the current Verra Mobility Corporation price is down by -5.82% percent or -$1.11. At present, VRRM shares trade -13.73% below its 20-day simple moving average and +8.98% percent above its 100-day simple moving average. However, the stock is currently trading approximately -5.42% below its SMA50 and +27.00% above its SMA200.
Stochastic coefficient K was 27.42% and Stochastic coefficient D was 22.03%, while ATR was 0.60. Given the Stochastic reading of 31.96% for the 14-day period, the RSI (14) reading has been calculated as 28.73%. As of today, the MACD Oscillator reading stands at -0.35, while the 14-day reading stands at -0.51.
