The stock of Driven Brands Holdings Inc (NASDAQ: DRVN) has increased by 0.35 when compared to last closing price of 14.10.Despite this, the company has seen a loss of -1.39% in its stock price over the last five trading days. businesswire.com reported 2024-10-17 that CHARLOTTE, N.C.–(BUSINESS WIRE)–Driven Brands Holdings Inc. (NASDAQ: DRVN) will release its third quarter 2024 earnings before the market opens on October 31, 2024. Following the release, management will host a conference call at 8:30 a.m. ET to review the company’s financial and operating performance. The conference call will be available via live webcast on Driven Brands’ Investor Relations webpage at investors.drivenbrands.com. An archived replay of the conference call will be available la.
Is It Worth Investing in Driven Brands Holdings Inc (NASDAQ: DRVN) Right Now?
Moreover, the 36-month beta value for DRVN is 1.13. Analysts have varying opinions on the stock, with 5 analysts rating it as a “buy,” 3 as “overweight,” 5 as “hold,” and 0 as “sell.”
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The public float for DRVN is 57.99M and currently, short sellers hold a 15.82% of that float. On October 30, 2024, DRVN’s average trading volume was 652.75K shares.
DRVN’s Market Performance
DRVN’s stock has seen a -1.39% decrease for the week, with a -2.41% drop in the past month and a -2.48% fall in the past quarter. The volatility ratio for the week is 2.50%, and the volatility levels for the past 30 days are at 2.78% for Driven Brands Holdings Inc. The simple moving average for the past 20 days is -0.91% for DRVN’s stock, with a 4.86% simple moving average for the past 200 days.
Analysts’ Opinion of DRVN
Many brokerage firms have already submitted their reports for DRVN stocks, with BMO Capital Markets repeating the rating for DRVN by listing it as a “Market Perform.” The predicted price for DRVN in the upcoming period, according to BMO Capital Markets is $14 based on the research report published on July 22, 2024 of the current year 2024.
JP Morgan, on the other hand, stated in their research note that they expect to see DRVN reach a price target of $12.50, previously predicting the price at $18. The rating they have provided for DRVN stocks is “Neutral” according to the report published on May 03rd, 2024.
JP Morgan gave a rating of “Overweight” to DRVN, setting the target price at $18 in the report published on February 20th of the current year.
DRVN Trading at -0.97% from the 50-Day Moving Average
After a stumble in the market that brought DRVN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -11.56% of loss for the given period.
Volatility was left at 2.78%, however, over the last 30 days, the volatility rate increased by 2.50%, as shares sank -4.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.69% upper at present.
During the last 5 trading sessions, DRVN fell by -1.22%, which changed the moving average for the period of 200-days by +9.04% in comparison to the 20-day moving average, which settled at $14.28. In addition, Driven Brands Holdings Inc saw -0.77% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for DRVN
Current profitability levels for the company are sitting at:
- -0.3 for the present operating margin
- 0.38 for the gross margin
The net margin for Driven Brands Holdings Inc stands at -0.34. The total capital return value is set at -0.13. Equity return is now at value -56.64, with -12.02 for asset returns.
Based on Driven Brands Holdings Inc (DRVN), the company’s capital structure generated 0.75 points at debt to capital in total, while cash flow to debt ratio is standing at 0.08. The debt to equity ratio resting at 3.06. The interest coverage ratio of the stock is -4.35.
Currently, EBITDA for the company is 493.56 million with net debt to EBITDA at 8.92. When we switch over and look at the enterprise to sales, we see a ratio of 2.73. The receivables turnover for the company is 11.08for trailing twelve months and the total asset turnover is 0.4. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.11.
Conclusion
To wrap up, the performance of Driven Brands Holdings Inc (DRVN) 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.
