DiamondRock Hospitality Company (NYSE:DRH) went down by -6.44% from its latest closing price compared to the recent 1-year high of $11.15. The company’s stock price has collected -9.21% of loss in the last five trading sessions.
Is It Worth Investing in DiamondRock Hospitality Company (NYSE :DRH) Right Now?
DiamondRock Hospitality Company (NYSE:DRH) scored a price-to-earnings ratio above its average ratio, recording 36.80 x from its present earnings ratio. Plus, the 36-month beta value for DRH is at 1.57. Opinions of the stock are interesting as 1 analysts out of 12 who provided ratings for DiamondRock Hospitality Company declared the stock was a “buy,” while 2 rated the stock as “overweight,” 8 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $10.58, which is $2.42 above the current price. DRH currently public float of 207.86M and currently shorts hold a 3.27% ratio of that float. Today, the average trading volume of DRH was 1.75M shares.
DRH’s Market Performance
DRH stocks went down by -9.21% for the week, with a monthly drop of -10.78% and a quarterly performance of 2.60%, while its annual performance rate touched -8.51%. The volatility ratio for the week stands at 4.13% while the volatility levels for the past 30 days are set at 3.43% for DiamondRock Hospitality Company. The simple moving average for the period of the last 20 days is -7.72% for DRH stocks with a simple moving average of -12.39% for the last 200 days.
Analysts’ Opinion of DRH
Many brokerage firms have already submitted their reports for DRH stocks, with Wells Fargo repeating the rating for DRH by listing it as a “Equal Weight.” The predicted price for DRH in the upcoming period, according to Wells Fargo is $10 based on the research report published on August 29th of the current year 2022.
Evercore ISI, on the other hand, stated in their research note that they expect to see DRH reach a price target of $10. The rating they have provided for DRH stocks is “In-line” according to the report published on July 11th, 2022.
DRH Trading at -8.74% from the 50-Day Moving Average
After a stumble in the market that brought DRH to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -25.71% of loss for the given period.
Volatility was left at 3.43%, however, over the last 30 days, the volatility rate increased by 4.13%, as shares sank -10.68% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.72% lower at present.
During the last 5 trading sessions, DRH fell by -9.21%, which changed the moving average for the period of 200-days by -2.59% in comparison to the 20-day moving average, which settled at $8.92. In addition, DiamondRock Hospitality Company saw -13.84% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at DRH starting from Tennis William J, who sale 30,000 shares at the price of $10.90 back on Nov 08. After this action, Tennis William J now owns 372,459 shares of DiamondRock Hospitality Company, valued at $327,000 using the latest closing price.
Stock Fundamentals for DRH
Current profitability levels for the company are sitting at:
- -3.95 for the present operating margin
- +10.82 for the gross margin
The net margin for DiamondRock Hospitality Company stands at -34.31. Equity return is now at value 3.10, with 1.60 for asset returns.