On January 24, 2023, Verra Mobility Corporation (NASDAQ: VRRM) opened at $15.45, lower -0.06% from the last session. During the day, the shares moved up to $15.52 and dropped to $15.31 before settling in for the closing price of $15.49. Price fluctuations for VRRM have ranged from $12.70 to $18.13 over the past 52 weeks.
Will You Miss Out On This Growth Stock Boom?
A new megatrend in the fintech market is well underway. Mobile payments are projected to boom into a massive $12 trillion market by 2028. According to Motley Fool this growth stock could "deliver huge returns." Not only in the immediate future but also over the next decade. Especially since the man behind this company is a serial entrepreneur who has been wildly successful over the years.
And this is just one of our 5 Best Growth Stocks To Own For 2023.
Company’s average yearly earnings per share was noted 993.60% at the time writing. With a float of $148.40 million, this company’s outstanding shares have now reached $151.43 million.
The firm has a total of 1306 workers. Let’s measure their productivity. In terms of profitability, gross margin is +72.41, operating margin of +22.58, and the pretax margin is +12.33.
Verra Mobility Corporation (VRRM) Insider Activity
A key investor’s attitude towards the stock of the Security & Protection Services industry is another important factor to consider. The most recent insider transaction that took place on Feb 15, was worth 70,000. In this transaction General Counsel of this company sold 4,000 shares at a rate of $17.50, taking the stock ownership to the 37,564 shares.
Verra Mobility Corporation (VRRM) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 9/29/2022, the company posted $0.27 earnings per share (EPS) for the quarter, besting the agreed prediction (set at $0.27) by $0. This company achieved a net margin of +7.53 while generating a return on equity of 13.67. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.21 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 993.60% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 38.76% during the next five years compared to 133.00% growth over the previous five years of trading.
Verra Mobility Corporation (NASDAQ: VRRM) Trading Performance Indicators
Check out the current performance indicators for Verra Mobility Corporation (VRRM). In the past quarter, the stock posted a quick ratio of 1.90. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.15. Likewise, its price to free cash flow for the trailing twelve months is 13.64.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.52, a number that is poised to hit 0.22 in the next quarter and is forecasted to reach 1.05 in one year’s time.
Technical Analysis of Verra Mobility Corporation (VRRM)
Analysing the last 5-days average volume posted by the [Verra Mobility Corporation, VRRM], we can find that recorded value of 0.88 million was lower than the volume posted last year of 1.14 million. As of the previous 9 days, the stock’s Stochastic %D was 97.82%. Additionally, its Average True Range was 0.41.
During the past 100 days, Verra Mobility Corporation’s (VRRM) raw stochastic average was set at 56.20%, which indicates a significant decrease from 97.57% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 25.11% in the past 14 days, which was lower than the 41.83% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $14.60, while its 200-day Moving Average is $15.46. Now, the first resistance to watch is $15.56. This is followed by the second major resistance level at $15.65. The third major resistance level sits at $15.77. If the price goes on to break the first support level at $15.35, it is likely to go to the next support level at $15.23. Should the price break the second support level, the third support level stands at $15.14.
Verra Mobility Corporation (NASDAQ: VRRM) Key Stats
There are currently 149,876K shares outstanding in the company with a market cap of 2.28 billion. Presently, the company’s annual sales total 550,590 K according to its annual income of 41,450 K. Last quarter, the company’s sales amounted to 197,660 K and its income totaled 24,580 K.