DiamondRock Hospitality Company (NYSE:DRH) went up by 0.70% from its latest closing price compared to the recent 1-year high of $11.10. The company’s stock price has collected 1.76% of gains 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 23.66 x from its present earnings ratio. Plus, the 36-month beta value for DRH is at 1.63. Opinions of the stock are interesting as 2 analysts out of 13 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 $10.41, which is $1.84 above the current price. DRH currently public float of 204.44M and currently shorts hold a 2.02% ratio of that float. Today, the average trading volume of DRH was 1.73M shares.
DRH’s Market Performance
DRH stocks went up by 1.76% for the week, with a monthly jump of 0.72% and a quarterly performance of -0.66%, while its annual performance rate touched -11.30%. The volatility ratio for the week stands at 2.12% while the volatility levels for the past 30 days are set at 2.85% for DiamondRock Hospitality Company. The simple moving average for the period of the last 20 days is 4.94% for DRH stocks with a simple moving average of -3.84% for the last 200 days.
Analysts’ Opinion of DRH
Many brokerage firms have already submitted their reports for DRH stocks, with Morgan Stanley repeating the rating for DRH by listing it as a “Equal-Weight.” The predicted price for DRH in the upcoming period, according to Morgan Stanley is $10 based on the research report published on December 05th of the previous year 2022.
Wells Fargo gave a rating of “Equal Weight” to DRH, setting the target price at $10 in the report published on August 29th of the previous year.
DRH Trading at -0.01% 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 -22.00% of loss for the given period.
Volatility was left at 2.85%, however, over the last 30 days, the volatility rate increased by 2.12%, as shares surge +1.76% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.58% upper at present.
During the last 5 trading sessions, DRH rose by +1.76%, which changed the moving average for the period of 200-days by -15.10% in comparison to the 20-day moving average, which settled at $8.27. In addition, DiamondRock Hospitality Company saw 5.74% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for DRH
Equity return is now at value 5.00, with 2.50 for asset returns.