Driven Brands Holdings Inc (NASDAQ: DRVN) on Monday, soared 3.24% from the previous trading day, before settling in for the closing price of $13.56. Within the past 52 weeks, DRVN’s price has moved between $10.59 and $16.00.
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Annual sales at Consumer Cyclical sector company grew by 37.32% over the past five years. The company achieved an average annual earnings per share of 10.08%. With a float of $57.97 million, this company’s outstanding shares have now reached $163.97 million.
Let’s look at the performance matrix of the company that is accounted for 10600 employees. In terms of profitability, gross margin is 38.19%, operating margin of -30.16%, and the pretax margin is -38.3%.
Driven Brands Holdings Inc (DRVN) Insider and Institutional Ownership
Observing investor behavior towards Auto & Truck Dealerships industry stocks is more important than anything else. The insider ownership of Driven Brands Holdings Inc is 64.67%, while institutional ownership is 38.40%.
Driven Brands Holdings Inc (DRVN) Latest Financial update
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.2 earnings per share (EPS) for the period topping the consensus outlook (set at 0.18) by 0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.21 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 10.08% per share during the next fiscal year.
Driven Brands Holdings Inc (NASDAQ: DRVN) Trading Performance Indicators
Driven Brands Holdings Inc (DRVN) is currently performing well based on its current performance indicators. A quick ratio of 1.91 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.99.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -4.70, a number that is poised to hit 0.22 in the next quarter and is forecasted to reach 1.25 in one year’s time.
Technical Analysis of Driven Brands Holdings Inc (DRVN)
Driven Brands Holdings Inc (NASDAQ: DRVN) saw its 5-day average volume 0.47 million, a negative change from its year-to-date volume of 1.12 million. As of the previous 9 days, the stock’s Stochastic %D was 15.37%. Additionally, its Average True Range was 0.44.
During the past 100 days, Driven Brands Holdings Inc’s (DRVN) raw stochastic average was set at 72.89%, which indicates a significant increase from 31.55% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 30.35% in the past 14 days, which was lower than the 36.42% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $14.03, while its 200-day Moving Average is $13.44. Nevertheless, the first resistance level for the watch stands at $14.23 in the near term. At $14.47, the stock is likely to face the second major resistance level. The third major resistance level sits at $14.81. If the price goes on to break the first support level at $13.65, it is likely to go to the next support level at $13.31. The third support level lies at $13.07 if the price breaches the second support level.
Driven Brands Holdings Inc (NASDAQ: DRVN) Key Stats
Market capitalization of the company is 2.30 billion based on 164,080K outstanding shares. Right now, sales total 2,304 M and income totals -744,960 K. The company made 611,570 K in profit during its latest quarter, and 30,160 K in sales during its previous quarter.
