The Chart of the Day belongs to the software developer Verra Mobility (VRRM) . I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 10 /9 the stock gained 18.50%.
Verra Mobility Corporation provides smart mobility technology solutions and services in the United States, Australia, Canada, and Europe. It operates through three segments: Commercial Services, Government Solutions, and Parking Solutions. The Commercial Services segment provides automated toll and violations management, and title and registration services to rental car companies, fleet management companies, and other large fleet owners. The Government Solutions segment offers automated safety solutions to national, state, and local government agencies, including services and technologies that enable photo enforcement through road safety cameras to detect and process traffic violations for red-light, speed, school bus, and city bus lanes. This segment serves municipalities, counties, school districts, and law enforcement agencies. The Parking Solutions segment provides an integrated suite of parking software and hardware solutions to universities, municipalities, parking operators, healthcare facilities, and transportation hubs. The company was incorporated in 2016 and is headquartered in Mesa, Arizona.
Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.
Barchart Technical Indicators:
- 100% technical buy signals
- 65.70+ Weighted Alpha
- 75.02% gain in the last year
- Trend Seeker buy signal
- Above its 20, 50 and 100 day moving averages
- 20 new highs and up 16.59% in the last month
- Relative Strength Index 79.40%
- Technical support level at $22.99
- Recently traded at $23.12 with 50 day moving average of $20.72
Fundamental Factors:
- Market Cap $3.86 billion
- P/E 23.08
- Revenue expected to grow 9.00% this year and another 6.60% next year
- Earnings are estimated to increase 7.80% this year, an additional 9.10% next year and continue to compound at an annual rate of 8.82% for the next 5 years
Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:
- Wall Street analysts issued 4 strong buy, 1 buy and 2 hold recommendations on the stock
- Analysts price target are between $19 and $27 with a consensus of $24.50 for a 6.00% gain
- The individual investors following the stock on Motley Fool voted 90 to 22 for the stock to beat the market with the most experienced investors voting 13 to 3 for the same result
- Value Line gives the stock an above average rating of 2
- CFRA's MarketScope gives the stock a hold
- 1,850 investors monitor the stock on Seeking Alpha
Additional disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.
On the date of publication, Jim Van Meerten did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
