Diamondrock Hospitality Co. (NYSE: DRH) has a higher price-to-earnings ratio of 30.31x compared to its average ratio, The 36-month beta value for DRH is at 1.60. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 3 rating it as “overweight,” 8 as “hold,” and 3 as “sell.”
The public float for DRH is 201.91M, and currently, shorts hold a 9.61% of that float. The average trading volume for DRH on October 02, 2024 was 2.04M shares.
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DRH) stock’s latest price update
Diamondrock Hospitality Co. (NYSE: DRH)’s stock price has soared by 0.23 in relation to previous closing price of 8.73. Nevertheless, the company has seen a loss of -3.31% in its stock price over the last five trading days. prnewswire.com reported 2024-09-04 that BETHESDA, Md. , Sept. 4, 2024 /PRNewswire/ — DiamondRock Hospitality Company (the “Company”) (NYSE: DRH) will report financial results for the third quarter 2024 after the market closes on Thursday, November 7, 2024.
DRH’s Market Performance
Diamondrock Hospitality Co. (DRH) has seen a -3.31% fall in stock performance for the week, with a -0.46% decline in the past month and a 6.06% surge in the past quarter. The volatility ratio for the week is 2.25%, and the volatility levels for the past 30 days are at 2.29% for DRH. The simple moving average for the past 20 days is 1.17% for DRH’s stock, with a -1.16% simple moving average for the past 200 days.
Analysts’ Opinion of DRH
Many brokerage firms have already submitted their reports for DRH stocks, with Compass Point repeating the rating for DRH by listing it as a “Buy.” The predicted price for DRH in the upcoming period, according to Compass Point is $10 based on the research report published on August 05, 2024 of the current year 2024.
Wolfe Research, on the other hand, stated in their research note that they expect to see DRH reach a price target of $11. The rating they have provided for DRH stocks is “Outperform” according to the report published on January 10th, 2024.
Wells Fargo gave a rating of “Equal Weight” to DRH, setting the target price at $9 in the report published on December 08th of the previous year.
DRH Trading at 3.79% 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 -12.41% of loss for the given period.
Volatility was left at 2.29%, however, over the last 30 days, the volatility rate increased by 2.25%, as shares surge +1.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.29% upper at present.
During the last 5 trading sessions, DRH fell by -3.31%, which changed the moving average for the period of 200-days by -2.34% in comparison to the 20-day moving average, which settled at $8.65. In addition, Diamondrock Hospitality Co. saw -6.82% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for DRH
Current profitability levels for the company are sitting at:
- -0.05 for the present operating margin
- 0.36 for the gross margin
The net margin for Diamondrock Hospitality Co. stands at 0.06. The total capital return value is set at -0.02. Equity return is now at value 4.36, with 2.20 for asset returns.
Based on Diamondrock Hospitality Co. (DRH), the company’s capital structure generated 0.42 points at debt to capital in total, while cash flow to debt ratio is standing at 0.18. The debt to equity ratio resting at 0.71. The interest coverage ratio of the stock is -0.75.
Currently, EBITDA for the company is 263.62 million with net debt to EBITDA at 4.51. When we switch over and look at the enterprise to sales, we see a ratio of 2.65. The receivables turnover for the company is 6.44for trailing twelve months and the total asset turnover is 0.34.
Conclusion
In conclusion, Diamondrock Hospitality Co. (DRH) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
