Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
Diamondrock Hospitality Co. (NYSE: DRH) closed the day trading at $8.72 down -1.13% from the previous closing price of $8.82. In other words, the price has decreased by -$1.13 from its previous closing price. On the day, 2.4 million shares were traded. DRH stock price reached its highest trading level at $8.91 during the session, while it also had its lowest trading level at $8.66.
Ratios:
For a better understanding of DRH, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.09 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 14.40. In the meantime, Its Debt-to-Equity ratio is 0.78 whereas as Long-Term Debt/Eq ratio is at 0.78.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Wolfe Research on January 10, 2024, initiated with a Outperform rating and assigned the stock a target price of $11.
On December 08, 2023, Wells Fargo Downgraded its rating to Equal Weight which previously was Overweight and also lowered its target price recommendation from $9.50 to $9.
Wells Fargo Upgraded its Equal Weight to Overweight on March 30, 2023, whereas the target price for the stock was revised from $10.50 to $9.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, DRH now has a Market Capitalization of 1840809472 and an Enterprise Value of 3007023872. As of this moment, Diamondrock’s Price-to-Earnings (P/E) ratio for their current fiscal year is 24.45, and their Forward P/E ratio for the next fiscal year is 18.85. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.68 while its Price-to-Book (P/B) ratio in mrq is 1.12. Its current Enterprise Value per Revenue stands at 2.764 whereas that against EBITDA is 11.619.
Stock Price History:
Over the past 52 weeks, DRH has reached a high of $9.99, while it has fallen to a 52-week low of $7.33. The 50-Day Moving Average of the stock is -6.30%, while the 200-Day Moving Average is calculated to be 0.37%.
Shares Statistics:
Over the past 3-months, DRH traded about 1.81M shares per day on average, while over the past 10 days, DRH traded about 2566670 shares per day. A total of 209.63M shares are outstanding, with a floating share count of 205.08M. Insiders hold about 2.37% of the company’s shares, while institutions hold 104.67% stake in the company. Shares short for DRH as of 1713139200 were 15254907 with a Short Ratio of 8.42, compared to 1710460800 on 15907697. Therefore, it implies a Short% of Shares Outstanding of 15254907 and a Short% of Float of 11.41.
Dividends & Splits
DRH’s forward annual dividend rate is 0.12, up from 0.12 a year ago. Against a Trailing Annual Dividend Yield of 0.013605442The stock’s 5-year Average Dividend Yield is 4.88.
