Driven Brands Holdings Inc (NASDAQ: DRVN) kicked off on Friday, up 3.90% from the previous trading day, before settling in for the closing price of $11.54. Over the past 52 weeks, DRVN has traded in a range of $10.59-$27.65.
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A company in the Consumer Cyclical sector has jumped its sales by 37.32% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded 4.51%. With a float of $58.32 million, this company’s outstanding shares have now reached $163.97 million.
In an organization with 10600 employees, it is important to assess its efficiency.
Driven Brands Holdings Inc (DRVN) Insider Updates
Our next focus will be how large-scale investors are participating in this stock of the Auto & Truck Dealerships Industry. The insider ownership of Driven Brands Holdings Inc is 64.45%, while institutional ownership is 37.40%.
Driven Brands Holdings Inc (DRVN) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 3/31/2024, the organization reported 0.29 earnings per share (EPS), lower than consensus estimate (set at 0.31) by -0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.24 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 4.51% per share during the next fiscal year.
Driven Brands Holdings Inc (NASDAQ: DRVN) Trading Performance Indicators
Take a look at Driven Brands Holdings Inc’s (DRVN) current performance indicators. Last quarter, stock had a quick ratio of 1.67. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.85.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -4.66, a number that is poised to hit 0.28 in the next quarter and is forecasted to reach 1.28 in one year’s time.
Technical Analysis of Driven Brands Holdings Inc (DRVN)
Let’s dig in a bit further. During the last 5-days, its volume was 1.51 million. That was better than the volume of 1.24 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 87.94%. Additionally, its Average True Range was 0.39.
During the past 100 days, Driven Brands Holdings Inc’s (DRVN) raw stochastic average was set at 25.88%, which indicates a significant decrease from 96.52% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 26.78% in the past 14 days, which was lower than the 53.82% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $12.29, while its 200-day Moving Average is $13.03. However, in the short run, Driven Brands Holdings Inc’s stock first resistance to watch stands at $12.18. Second resistance stands at $12.38. The third major resistance level sits at $12.72. If the price goes on to break the first support level at $11.64, it is likely to go to the next support level at $11.30. Assuming the price breaks the second support level, the third support level stands at $11.10.
Driven Brands Holdings Inc (NASDAQ: DRVN) Key Stats
The company with the Market Capitalisation of 1.97 billion has total of 164,080K Shares Outstanding. Its annual sales at the moment are 2,304 M in contrast with the sum of -744,960 K annual income. Company’s last quarter sales were recorded 572,230 K and last quarter income was 4,260 K.
