Stock Performance Spotlight: Driven Brands Holdings Inc (DRVN) Ends the Day at 13.06, Down by -0.53

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As of close of business last night, Driven Brands Holdings Inc’s stock clocked out at $13.06, down -0.53% from its previous closing price of $13.13. In other words, the price has decreased by -$0.53 from its previous closing price. On the day, 0.53 million shares were traded. DRVN stock price reached its highest trading level at $13.32 during the session, while it also had its lowest trading level at $13.0301.

Ratios:

To gain a deeper understanding of DRVN’s stock, we examine 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.

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 2142884864 and an Enterprise Value of 6236001792. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.93 while its Price-to-Book (P/B) ratio in mrq is 2.36. Its current Enterprise Value per Revenue stands at 2.695 whereas that against EBITDA is 12.693.

Stock Price History:

Over the past 52 weeks, DRVN has reached a high of $27.65, while it has fallen to a 52-week low of $10.59. The 50-Day Moving Average of the stock is 8.87%, while the 200-Day Moving Average is calculated to be 0.60%.

Shares Statistics:

It appears that DRVN traded 1.52M shares on average per day over the past three months and 2305010 shares per day over the past ten days. A total of 163.97M shares are outstanding, with a floating share count of 58.32M. Insiders hold about 64.45% of the company’s shares, while institutions hold 37.32% stake in the company. Shares short for DRVN as of 1718323200 were 3466735 with a Short Ratio of 2.28, compared to 1715731200 on 4430755. Therefore, it implies a Short% of Shares Outstanding of 3466735 and a Short% of Float of 5.84.

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