The stock of DiamondRock Hospitality Company (DRH) has seen a -7.27% decrease in the past week, with a -13.65% drop in the past month, and a -11.64% decrease in the past quarter. The volatility ratio for the week is 3.90%, and the volatility levels for the past 30 days are at 3.25% for DRH. The simple moving average for the last 20 days is -6.89% for DRH stock, with a simple moving average of -7.71% for the last 200 days.
Is It Worth Investing in DiamondRock Hospitality Company (NYSE: DRH) Right Now?
The price-to-earnings ratio for DiamondRock Hospitality Company (NYSE: DRH) is 17.51x, which is above its average ratio. Moreover, the 36-month beta value for DRH is 1.67. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 2 as “overweight,” 8 as “hold,” and 0 as “sell.”
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The average price recommended by analysts for DiamondRock Hospitality Company (DRH) is $10.36, which is $2.2 above the current market price. The public float for DRH is 204.44M and currently, short sellers hold a 2.30% of that float. On March 16, 2023, DRH’s average trading volume was 1.70M shares.
DRH) stock’s latest price update
DiamondRock Hospitality Company (NYSE: DRH)’s stock price has decreased by -0.85 compared to its previous closing price of 8.23. Nevertheless, the company has seen a loss of -7.27% in its stock price over the last five trading days.
Analysts’ Opinion of DRH
The stock of DiamondRock Hospitality Company (DRH) has seen a -7.27% decrease in the past week, with a -13.65% drop in the past month, and a -11.64% decrease in the past quarter. The volatility ratio for the week is 3.90%, and the volatility levels for the past 30 days are at 3.25% for DRH. The simple moving average for the last 20 days is -6.89% for DRH stock, with a simple moving average of -7.71% 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 -8.22% 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 -26.51% of loss for the given period.
Volatility was left at 3.25%, however, over the last 30 days, the volatility rate increased by 3.90%, as shares sank -13.65% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.37% lower at present.
During the last 5 trading sessions, DRH fell by -7.27%, which changed the moving average for the period of 200-days by -18.64% in comparison to the 20-day moving average, which settled at $8.70. In addition, DiamondRock Hospitality Company saw -0.37% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at DRH starting from Brugger Mark W, who sale 24,310 shares at the price of $10.00 back on Feb 02. After this action, Brugger Mark W now owns 2,396,099 shares of DiamondRock Hospitality Company, valued at $243,100 using the latest closing price.
Stock Fundamentals for DRH
Current profitability levels for the company are sitting at:
- +17.72 for the present operating margin
- +27.93 for the gross margin
The net margin for DiamondRock Hospitality Company stands at +10.92. Equity return is now at value 6.30, with 3.10 for asset returns.
Conclusion
To wrap up, the performance of DiamondRock Hospitality Company (DRH) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
