Verra Mobility Corp (NASDAQ:VRRM) shares, rose in value, with the stock price down by -0.12% to the previous day’s close as strong demand from buyers drove the stock to $24.23.
Actively observing the price movement in the last trading, the stock closed the session at $24.26. The PE ratio was 68.87 over 12-month period. Referring to stock’s 52-week performance, its high was $25.57, and the low was $16.22. On the whole, VRRM has fluctuated by -3.70% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 872.63M, with a low estimate of 202M and a high estimate of 204.22M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 203.02M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that VRRM’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 5.55, with the price of VRRM currently trading nearly -0.43% and 3.21% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 52.65, while the 7-day volatility ratio is showing 2.27% which for the 30-day chart, stands at 2.30%. Furthermore, Verra Mobility Corp (VRRM)’s beta value is 1.15, and its average true range (ATR) is 0.57.
A comparison of Verra Mobility Corp (VRRM) with its peers suggests the former has fared considerably weaker in the market. VRRM showed an intraday change of -0.12% in last session, and over the past year, it grew by 47.65%%.
Data on historical trading for Verra Mobility Corp (NASDAQ:VRRM) indicates that the trading volumes over the past 3 months, they’ve averaged 1.07 million. According to company’s latest data on outstanding shares, there are 166.56 million shares outstanding.
Nearly 2.70% of Verra Mobility Corp’s shares belong to company insiders and institutional investors own 99.63% of the company’s shares. The stock has risen by 5.21% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the VRRM stock heading into the next quarter.
