On Tuesday, Driven Brands Holdings Inc (NASDAQ: DRVN) was -4.34% drop from the session before settling in for the closing price of $14.74. A 52-week range for DRVN has been $10.59 – $16.00.
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Annual sales at Consumer Cyclical sector company grew by 37.32% over the past five years. When this article was written, the company’s average yearly earnings per share was at 10.08%. With a float of $57.99 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
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Driven Brands Holdings Inc stocks. The insider ownership of Driven Brands Holdings Inc is 64.66%, while institutional ownership is 38.41%.
Driven Brands Holdings Inc (DRVN) Latest Financial update
Going through the last 3-months fiscal report unveiled on the 6/30/2024, it has been observed that the corporation posted 0.2 earnings per share (EPS) during the time that was better than consensus figure (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
You can see what Driven Brands Holdings Inc (DRVN) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 1.91. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.00.
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 0.48 million, a negative change from its year-to-date volume of 1.09 million. As of the previous 9 days, the stock’s Stochastic %D was 45.21%. Additionally, its Average True Range was 0.41.
During the past 100 days, Driven Brands Holdings Inc’s (DRVN) raw stochastic average was set at 73.68%, which indicates a significant increase from 41.18% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 33.43% in the past 14 days, which was lower than the 36.48% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $14.28, while its 200-day Moving Average is $13.49. Nevertheless, the first resistance level for the watch stands at $14.50 in the near term. At $14.90, the stock is likely to face the second major resistance level. The third major resistance level sits at $15.13. If the price goes on to break the first support level at $13.87, it is likely to go to the next support level at $13.64. The third support level lies at $13.24 if the price breaches the second support level.
Driven Brands Holdings Inc (NASDAQ: DRVN) Key Stats
There are 164,082K outstanding shares of the company, which has a market capitalization of 2.31 billion. As of now, sales total 2,304 M while income totals -744,960 K. Its latest quarter income was 611,570 K while its last quarter net income were 30,160 K.
