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Wednesday, December 6, 2023

Are Things Looking Up For Verra Mobility Corp (NASDAQ: VRRM)?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Verra Mobility Corp (VRRM) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.08, or 0.39%, to $20.59. The Verra Mobility Corp has recorded 21,404 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Verra Mobility Announces Third Quarter 2023 Financial Results.

Stocks Info

The company is listed on the NASDAQ and operates within the Infrastructure Operations industry segment. At the end of the last regular session, the stock closed at $20.51 and fluctuated between $21.00 as its day high and $20.45 as its day low. The current market capitalization of Verra Mobility Corp is $3.48B. A total of 2.17 million shares were traded on the day, compared to an average of 1.67M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, VRRM has seen 1 BUY and 2 SELL insider trades, representing the acquisition of 14,947 and the disposition of 37,780 shares. Over the last 12 months, there were 18 BUYs and 17 SELLs from insiders. Insiders purchased 313,012 shares during that period but sold 228,283.

In the most recent transaction, Conti Craig C sold 37,780 shares of VRRM for 19.14 per share on Aug 17. After the transaction, the EVP and CFO now owns 27,906 company shares. In a previous transaction on May 08, Lalla Steve sold 48,000 shares at 17.38 per share. VRRM shares that EVP Commercial Services owns now total 4,697.

Among the insiders who sold shares, ROBERTS DAVID MARTIN disposed of 25,000 shares on Mar 02 at a per-share price of $17.64. This resulted in the President and CEO holding 485,636 shares of VRRM after the transaction. In another insider transaction, ROBERTS DAVID MARTIN sold 25,000 shares at $17.09 per share on Feb 27. Company shares held by the President and CEO now total 510,636.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for VRRM in the last 3 months, the mean price target is $23.83 with high estimates of $26.00 and low estimates of $19.00. In terms of 52-week highs and lows, VRRM has a high of $21.54 and a low of $13.19.

As of this writing, VRRM has an earnings estimate of $0.26 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $0.31 per share and a lower estimate of $0.23. The company reported an EPS of $0.29 in the last quarter, which was 7.40% higher than expectations of $0.27.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on 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 $2.43, while its Total Shareholder’s Equity was $259.96M.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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 4.33.

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