For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
Denny’s Corp. (NASDAQ: DENN) closed the day trading at $7.99 down -1.96% from the previous closing price of $8.15. In other words, the price has decreased by -$1.96 from its previous closing price. On the day, 0.65 million shares were traded. DENN stock price reached its highest trading level at $8.24 during the session, while it also had its lowest trading level at $7.98.
Ratios:
For a better understanding of DENN, 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 105.23 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.75. For the most recent quarter (mrq), Quick Ratio is recorded 0.36 and its Current Ratio is at 0.38.
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, Piper Sandler on July 18, 2023, initiated with a Neutral rating and assigned the stock a target price of $12.
On December 21, 2022, Wedbush Downgraded its rating to Neutral which previously was Outperform and also lowered its target price recommendation from $12.50 to $10.
On August 29, 2022, CL King started tracking the stock assigning a Buy rating and target price of $14.CL King initiated its Buy rating on August 29, 2022, with a $14 target price.
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 Feb 26 ’24 when MILLER JOHN C sold 35,359 shares for $9.25 per share. The transaction valued at 326,915 led to the insider holds 740,626 shares of the business.
MILLER JOHN C sold 22,600 shares of DENN for $211,640 on Nov 15 ’23. The Director now owns 740,626 shares after completing the transaction at $9.36 per share. On Nov 14 ’23, another insider, MILLER JOHN C, who serves as the Director of the company, sold 114,900 shares for $9.23 each. As a result, the insider received 1,061,056 and left with 763,226 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, DENN now has a Market Capitalization of 423951776 and an Enterprise Value of 810185472. As of this moment, Denny’s’s Price-to-Earnings (P/E) ratio for their current fiscal year is 18.47, and their Forward P/E ratio for the next fiscal year is 11.39. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.05. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.91. Its current Enterprise Value per Revenue stands at 1.775 whereas that against EBITDA is 10.871.
Stock Price History:
Over the past 52 weeks, DENN has reached a high of $12.53, while it has fallen to a 52-week low of $7.82. The 50-Day Moving Average of the stock is -7.46%, while the 200-Day Moving Average is calculated to be -15.45%.
Shares Statistics:
Over the past 3-months, DENN traded about 489.03K shares per day on average, while over the past 10 days, DENN traded about 630990 shares per day. A total of 52.24M shares are outstanding, with a floating share count of 50.57M. Insiders hold about 2.78% of the company’s shares, while institutions hold 85.97% stake in the company. Shares short for DENN as of 1713139200 were 2115227 with a Short Ratio of 4.33, compared to 1710460800 on 2389153. Therefore, it implies a Short% of Shares Outstanding of 2115227 and a Short% of Float of 4.97.
