I recommend waiting for a better discount before investing in Verra Mobility Corporation (VRRM).

The price of Verra Mobility Corporation (NASDAQ: VRRM) closed at 15.78 in the last session, down -2.05% from day before closing price of $16.11. In other words, the price has decreased by $-0.33 from its previous closing price. On the day, 1564878 shares were traded. VRRM reached its highest trading level at $16.07 during the session, while it also had its lowest trading level at $15.71.

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We take a closer look at VRRM’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 28.36 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.52. For the most recent quarter (mrq), Quick Ratio is recorded 2.00 and its Current Ratio is at 2.10. In the meantime, Its Debt-to-Equity ratio is 4.98 whereas as Long-Term Debt/Eq ratio is at 4.94.

Upgrades & Downgrades

On March 30, 2022, Deutsche Bank started tracking the stock assigning a Hold rating and target price of $17.

Morgan Stanley Downgraded its Overweight to Equal-Weight on May 26, 2021, whereas the target price for the stock was revised from $14 to $15.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Feb 15 when COLLINS REBECCA sold 4,000 shares for $17.50 per share. The transaction valued at 70,000 led to the insider holds 37,564 shares of the business.

ROBERTS DAVID MARTIN sold 37,500 shares of VRRM for $600,000 on Jan 03. The President and CEO now owns 597,941 shares after completing the transaction at $16.00 per share. On Dec 10, another insider, PLATINUM EQUITY LLC, who serves as the Director of the company, sold 8,207,821 shares for $14.75 each. As a result, the insider received 121,065,360 and left with 0 shares of the company.

Valuation Measures:

As of this moment, Verra’s Price-to-Earnings (P/E) ratio for their current fiscal year is 29.72, and their Forward P/E ratio for the next fiscal year is 13.96. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.96. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.55 while its Price-to-Book (P/B) ratio in mrq is 9.99.

Stock Price History:

The Beta on a monthly basis for VRRM is 1.21, which has changed by 1.28% over the last 52 weeks, in comparison to a change of -15.65% over the same period for the S&P500. Over the past 52 weeks, VRRM has reached a high of $18.13, while it has fallen to a 52-week low of $12.70. The 50-Day Moving Average of the stock is 16.37, while the 200-Day Moving Average is calculated to be 15.77.

Shares Statistics:

According to the various share statistics, VRRM traded on average about 1.19M shares per day over the past 3-months and 1.06M shares per day over the past 10 days. A total of 154.69M shares are outstanding, with a floating share count of 148.20M. Shares short for VRRM as of Aug 30, 2022 were 7.36M with a Short Ratio of 6.18, compared to 6.86M on Jul 28, 2022. Therefore, it implies a Short% of Shares Outstanding of 4.80% and a Short% of Float of 5.18%.

Earnings Estimates

The company has 8 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.24 for the current quarter, with a high estimate of $0.27 and a low estimate of $0.23, while EPS last year was $0.1. The consensus estimate for the next quarter is $0.27, with high estimates of $0.31 and low estimates of $0.25.

Analysts are recommending an EPS of between $1.04 and $0.92 for the fiscal current year, implying an average EPS of $0.96. EPS for the following year is $1.1, with 8 analysts recommending between $1.19 and $0.98.

Revenue Estimates

According to 7 analysts, the current quarter’s revenue is expected to be $179.8M. It ranges from a high estimate of $189.7M to a low estimate of $172.9M. As of the current estimate, Verra Mobility Corporation’s year-ago sales were $128.66M, an estimated increase of 39.80% from the year-ago figure. For the next quarter, 7 analysts are estimating revenue of $193.98M, an increase of 25.90% less than the figure of $39.80% in the same quarter last year. There is a high estimate of $199.95M for the next quarter, whereas the lowest estimate is $190.4M.

A total of 8 analysts have provided revenue estimates for VRRM’s current fiscal year. The highest revenue estimate was $733.6M, while the lowest revenue estimate was $725.3M, resulting in an average revenue estimate of $729.76M. In the same quarter a year ago, actual revenue was $550.59M, up 32.50% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $766.31M in the next fiscal year. The high estimate is $784.43M and the low estimate is $744.24M. The average revenue growth estimate for next year is up 5.00% from the average revenue estimate for this year.