Verra Mobility Corp (NASDAQ: VRRM) is -0.26% lower on its value in year-to-date trading and has touched a low of $19.62 and a high of $31.03 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The VRRM stock was last observed hovering at around $23.01 in the last trading session, with the day’s loss setting it -0.04%.
Currently trading at $22.97, the stock is -4.90% and -11.71% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.86 million and changing -0.17% at the moment leaves the stock -11.50% off its SMA200. VRRM registered 15.25% gain for a year compared to 6-month loss of -15.86%. The firm has a 50-day simple moving average (SMA 50) of $26.0994 and a 200-day simple moving average (SMA200) of $25.94945.
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The stock witnessed a -13.12% gain in the last 1 month and extending the period to 3 months gives it a -16.32%, and is -2.05% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.11% over the week and 2.92% over the month.
Verra Mobility Corp (VRRM) has around 1788 employees, a market worth around $3.79B and $868.72M in sales. Current P/E ratio is 38.23 and Fwd P/E is 17.65. Profit margin for the company is 11.64%. Distance from 52-week low is 17.04% and -25.97% from its 52-week high. The company has generated returns on investments over the last 12 months (6.52%).
The EPS is expected to grow by 11.38% this year
421.0 institutions hold shares in Verra Mobility Corp (VRRM), with institutional investors hold 101.51% of the company’s shares. The shares outstanding are 166.56M, and float is at 163.60M with Short Float at 1.55%. Institutions hold 100.66% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 25.36 million shares valued at $689.9 million. The investor’s holdings represent 15.2574 of the VRRM Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 17.52 million shares valued at $476.68 million to account for 10.5419 of the shares outstanding. The other top investors are PRICE T ROWE ASSOCIATES INC /MD/ which holds 7.81 million shares representing 4.6996 and valued at over $212.5 million, while FMR LLC holds 4.4754 of the shares totaling 7.44 million with a market value of $202.37 million.
Verra Mobility Corp (VRRM) Insider Activity
The most recent transaction is an insider sale by Conti Craig C, the company’s CFO. SEC filings show that Conti Craig C sold 25,000 shares of the company’s common stock on Aug 13 ’24 at a price of $26.92 per share for a total of $0.67 million. Following the sale, the insider now owns 47210.0 shares.
Verra Mobility Corp disclosed in a document filed with the SEC on Aug 13 ’24 that ROBERTS DAVID MARTIN (President and CEO) sold a total of 129,018 shares of the company’s common stock. The trade occurred on Aug 13 ’24 and was made at $27.00 per share for $3.48 million. Following the transaction, the insider now directly holds 0.67 million shares of the VRRM stock.
Still, SEC filings show that on Aug 13 ’24, CRAIG CONTI (Officer) Proposed Sale 25,000 shares at an average price of $26.92 for $0.67 million. The insider now directly holds shares of Verra Mobility Corp (VRRM).
