Verra Mobility Corporation (NASDAQ:VRRM) has a beta of 1.49. The stock’s Relative Strength Index (RSI) is 45.28, with weekly volatility at 3.27% and ATR at 0.56. The VRRM stock’s 52-week price range has touched low of $9.14 and a $15.66 high. Its shares traded lower over the last trading session, losing -3.23% on 05/27/21. The shares fell to a low of $14.09 before closing at $14.10. Intraday shares traded counted 0.63 million, which was 24.12% higher than its 30-day average trading volume of 828.09K. VRRM’s previous close was $14.57 while the outstanding shares total 162.30M.
Investors have identified the Security & Protection Services company Verra Mobility Corporation as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $2.27 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Verra Mobility Corporation (VRRM) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For VRRM, the company has in raw cash 250.42 million on their books with 6.5 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on a decline. In terms of their assets, the company currently has 482.8 million total, with 70.43 million as their total liabilities.
VRRM were able to record 5.31 million as free cash flow during the 08/11/2021 quarter of the year, this saw their quarterly net cash flow reduce by 129.53 million. In cash movements, the company had a total of 9.01 million as operating cash flow.
Potential earnings growth for Verra Mobility Corporation (VRRM)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/11/2021 quarter of the year, Verra Mobility Corporation recorded a total of 89.86 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -29.89% coming in sequential stages and their sales for the 08/11/2021 quarter reducing by -11.47%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 31.4 million trying to sell their products during the last quarter, with the result yielding a gross income of 58.46 million. This allows shareholders to hold on to 162.30M with the recently reported earning now reading -0.05 cents per share. This is a figure that compared to analyst’s prediction for their 08/11/2021 (0.11 cents a share).
Having a look at the company’s valuation, the company is expected to record 0.75 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on VRRM sounds very interesting.
Is the stock of VRRM attractive?
In related news, President and CEO, ROBERTS DAVID MARTIN sold 10,000 shares of the company’s stock in a transaction that recorded on Mar 12. The sale was performed at an average price of 14.78, for a total value of 147,811. As the sale deal closes, the General Counsel, COLLINS REBECCA now sold 5,750 shares of the company’s stock, valued at 86,250. Also, President and CEO, ROBERTS DAVID MARTIN sold 10,000 shares of the company’s stock in a deal that was recorded on Feb 12. The shares were price at an average price of 14.33 per share, with a total market value of 143,306. Following this completion of acquisition, the President and CEO, ROBERTS DAVID MARTIN now holds 10,000 shares of the company’s stock, valued at 130,149. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.40%.
6 out of 8 analysts covering the stock have rated it a Buy, while 1 have maintained a Hold recommendation on Verra Mobility Corporation. 0 analysts has assigned a Sell rating on the VRRM stock. The 12-month mean consensus price target for the company’s shares has been set at $17.67.