Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
In the latest session, Driven Brands Holdings Inc (NASDAQ: DRVN) closed at $15.40 down -0.90% from its previous closing price of $15.54. In other words, the price has decreased by -$0.90 from its previous closing price. On the day, 0.85 million shares were traded.
Ratios:
For a deeper understanding of Driven Brands Holdings Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.72 and its Current Ratio is at 1.90. In the meantime, Its Debt-to-Equity ratio is 4.23 whereas as Long-Term Debt/Eq ratio is at 4.20.
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, BMO Capital Markets on July 22, 2024, initiated with a Market Perform rating and assigned the stock a target price of $14.
On May 03, 2024, JP Morgan Downgraded its rating to Neutral which previously was Overweight and also lowered its target price recommendation from $18 to $12.50.
Valuation Measures:
As of this moment, Driven’s Price-to-Earnings (P/E) ratio for their current fiscal year is 570.37, and their Forward P/E ratio for the next fiscal year is 12.51. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 29.20. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.09 while its Price-to-Book (P/B) ratio in mrq is 2.62.
Stock Price History:
Over the past 52 weeks, DRVN has reached a high of $17.45, while it has fallen to a 52-week low of $10.59. The 50-Day Moving Average of the stock is -5.02%, while the 200-Day Moving Average is calculated to be 8.01%.
Shares Statistics:
A total of 164.11M shares are outstanding, with a floating share count of 57.93M. Insiders hold about 64.70% of the company’s shares, while institutions hold 39.83% stake in the company.
