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Driven Brands Holdings Inc (NASDAQ: DRVN) closed the day trading at $12.00 up 3.54% from the previous closing price of $11.59. In other words, the price has increased by $3.54 from its previous closing price. On the day, 1.93 million shares were traded. DRVN stock price reached its highest trading level at $12.185 during the session, while it also had its lowest trading level at $11.495.
Ratios:
For a better understanding of DRVN, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.67 and its Current Ratio is at 1.86. In the meantime, Its Debt-to-Equity ratio is 4.70 whereas as Long-Term Debt/Eq ratio is at 4.66.
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 the company, JP Morgan on May 03, 2024, Downgraded its rating to Neutral and sets its target price to $12.50 from $18 previously.
Morgan Stanley Downgraded its Overweight to Equal-Weight on January 16, 2024, whereas the target price for the stock was revised from $22 to $14.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 30 ’23 when Fitzpatrick Jonathan G. bought 42,000 shares for $23.76 per share. The transaction valued at 997,920 led to the insider holds 2,332,363 shares of the business.
Ferrera Gary W bought 4,000 shares of DRVN for $96,920 on May 25 ’23. The EVP & Chief Financial Officer now owns 63,101 shares after completing the transaction at $24.23 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, DRVN now has a Market Capitalization of 1968960000 and an Enterprise Value of 6062074880. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.85 while its Price-to-Book (P/B) ratio in mrq is 2.17. Its current Enterprise Value per Revenue stands at 2.62 whereas that against EBITDA is 12.306.
Stock Price History:
Over the past 52 weeks, DRVN has reached a high of $29.88, while it has fallen to a 52-week low of $10.59. The 50-Day Moving Average of the stock is -17.29%, while the 200-Day Moving Average is calculated to be -14.96%.
Shares Statistics:
Over the past 3-months, DRVN traded about 1.26M shares per day on average, while over the past 10 days, DRVN traded about 2277730 shares per day. A total of 163.97M shares are outstanding, with a floating share count of 57.93M. Insiders hold about 64.67% of the company’s shares, while institutions hold 35.20% stake in the company. Shares short for DRVN as of 1713139200 were 4899682 with a Short Ratio of 3.88, compared to 1710460800 on 4661656. Therefore, it implies a Short% of Shares Outstanding of 4899682 and a Short% of Float of 8.2600005.
