VRRM Stock Summary and Trading Ideas (Verra Mobility - Class A | NASDAQ:VRRM)

Verra Mobility Corp provides smart transportation solutions. The company develops and uses technology and data intelligence to help make transportation safer and easier. It operates in three segments namely Commercial Services, Government Solutions, and Parking Solutions. It generates maximum revenue from the Commercial Services segment. The commercial Services segment delivers tolling and violation management services to rental car companies, commercial fleet vehicle owners, and violation issuing authorities.

Verra Mobility - Class A trades on the NASDAQ stock market under the symbol VRRM.

As of April 22, 2024, VRRM stock price climbed to $23.88 with 1,014,148 million shares trading.

VRRM has a beta of 0.63, meaning it tends to be less sensitive to market movements. VRRM has a correlation of 0.11 to the broad based SPY ETF.

VRRM has a market cap of $3.97 billion. This is considered a Mid Cap stock.

Last quarter Verra Mobility - Class A reported $211 million in Revenue and $.24 earnings per share. This beat revenue expectation by $8 million and missed earnings estimates by -$.02.

In the last 3 years, VRRM stock traded as high as $25.57 and as low as $12.70.

The top ETF exchange traded funds that VRRM belongs to (by Net Assets): IJR, VTI, VB, IWM, VXF.

VRRM has outperformed the market in the last year with a price return of +43.4% while the SPY ETF gained +22.3%. VRRM has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +5.5% and -2.3%, respectively, while the SPY returned +3.9% and -3.6%, respectively.

VRRM support price is $23.11 and resistance is $23.87 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that VRRM stock will trade within this expected range on the day.