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Monday, June 5, 2023

Is Verra Mobility Corporation (NASDAQ: VRRM) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Verra Mobility Corporation (VRRM) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.19, or 1.08%, to $17.75. The Verra Mobility Corporation has recorded 33,857 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Verra Mobility Schedules First Quarter 2023 Earnings Call.

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Stocks Info

VRRM belongs to the Industrials sector of the NASDAQ while operating in the Infrastructure Operations industry. At the end of the last regular session, the stock closed at $17.56 and fluctuated between $18.06 as its day high and $17.24 as its day low. The current market capitalization of Verra Mobility Corporation is $2.48B. A total of 2.76 million shares were traded on the day, compared to an average of 2.16M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, VRRM has seen 7 BUY and 10 SELL insider trades, representing the acquisition of 136,584 and the disposition of 112,821 shares. Over the last 12 months, there were 14 BUYs and 12 SELLs from insiders. Insiders purchased 480,284 shares during that period but sold 245,012.

In the most recent transaction, ROBERTS DAVID MARTIN sold 25,000 shares of VRRM for 17.64 per share on Mar 02. After the transaction, the President and CEO now owns 485,636 company shares. In a previous transaction on Feb 27, ROBERTS DAVID MARTIN sold 25,000 shares at 17.09 per share. VRRM shares that President and CEO owns now total 510,636.

Among the insiders who sold shares, ROBERTS DAVID MARTIN disposed of 25,000 shares on Feb 24 at a per-share price of $16.85. This resulted in the President and CEO holding 535,636 shares of VRRM after the transaction.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for VRRM in the last 3 months, the mean price target is $20.50 with high estimates of $25.00 and low estimates of $17.00. In terms of 52-week highs and lows, VRRM has a high of $17.87 and a low of $12.70.

As of this writing, VRRM has an earnings estimate of $0.22 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $0.23 per share and a lower estimate of $0.2.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. VRRM’s latest balance sheet shows that the firm has $101.28M in Cash & Short Term Investments as of fiscal 2021. There were $1.28B in debt and $175.19M in liabilities at the time. Its Book Value Per Share was $1.55, while its Total Shareholder’s Equity was $259.96M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for VRRM is Buy with a score of 3.80.

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