Morgan Stanley raised the price target for the Verra Mobility Corporation (NASDAQ:VRRM) stock from “an Overweight” to “an Equal-weight”. The rating was released on May 26, 2021.
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The latest trade, Performances and Moving Averages give us the following Picture
The share price of Verra Mobility Corporation (NASDAQ:VRRM) dipped -0.60% to close Thursday’s market session at $14.86, lower as compared to yesterday’s close. The stock price fluctuated between $14.26 and $15.20 throughout the trading session with the volume trading being 3687577 shares, which represented a significant variation when compared to the three months average volume of 610.56K shares. The firm’s stock price fluctuated -6.83% within the last five trades and -3.07% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 5.92% in the last 6 months and -0.80% was subtracted to its value over the previous 3 months. VRRM stock is trading at a margin of -3.98%, -2.77% and 5.76% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, VRRM deals in the Industrials domain. The stock is trading -15.09 percent below its 52-week high and 62.58 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 35.33. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Verra Mobility Corporation’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 12.80 percent and the profit margin is -0.20 percent, and the company has reported a gross margin of 94.70 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $2.41 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 16.58. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 5.80 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 7.62, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Chiodo Patricia, the Chief Financial Officer at Verra Mobility Corporation (VRRM) has sold 80,000 shares of firm on Aug 12 at a price of $15.93 against the total amount of $1.27 million. In another inside trade, COLLINS REBECCA, General Counsel of Verra Mobility Corporation (NASDAQ:VRRM) sold 5,750 shares of the firm on Aug 02 for a total worth of $92000.0 at a price of $16.00. An inside trade which took place on Mar 12, President and CEO of Verra Mobility Corporation ROBERTS DAVID MARTIN sold 10,000 shares of firm against total price of $0.15 million at the cost of $14.78 per share.