Is it Time to Take Your Profits From Drive Shack Inc. [DS] Stock?

Drive Shack Inc. [DS] has traded in a range of $0.86 to $4.19 in the last 1 year. As of this writing, the stock is at $2.00, up 1.47%. To check whether the stock’s short-term amount has a thrust, its good to check stock’s recent movement. Over the last week, DS shares are 17.26% up with the monthly amount drift of 19.39% and seems well in a long time frame.

On 4, November 2020, Drive Shack, Inc. to Host Earnings Call. According to news published on Yahoo Finance, NEW YORK, NY / ACCESSWIRE / November 4, 2020 / Drive Shack, Inc. (NYSE:DS) will be discussing their earnings results in their 2020 Third Quarter Earnings call to be held on November 4, 2020 at 9:00 AM Eastern Time.

Analyst Birdseye View:

The most recent analyst activity for Drive Shack Inc. [NYSE:DS] stock was on April 21, 2020, when it was Initiated with a Buy rating from BTIG Research, which also raised its 12-month price target on the stock to $3. Before that, on June 01, 2020, B. Riley FBR Recapitulated a Buy rating and elevated its amount target to $4. On October 15, 2019, JMP Securities Initiated a Mkt outperform rating and boosted its price target on this stock to $8. On March 18, 2019, Imperial Capital Upgrade an Outperform rating and increased its price target from $5 to $7.

In the past 52 weeks of trading, this stock has oscillated between a low of $0.86 and a peak of $4.19. Right now, according to Wall Street analyst the average 12-month amount target is $4.00. At the most recent market close, shares of Drive Shack Inc. [NYSE:DS] were valued at $2.00.

FUNDAMENTAL ANALYSIS

Drive Shack Inc. [NYSE:DS] most recently reported quarterly sales of 66.47 billion, which represented growth of -11.00%. This publicly-traded organization’s revenue is $58,408 per employee, while its income is -$11,776 per employee. This company’s Gross Margin is currently 95.10%, its Operating Margin is -23.00%, its Pretax Margin is -19.93, and its Net Margin is -20.16. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at -11.95, -54.79, -13.92 and -21.35 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 80.75 and the whole liability to whole assets at 53.31. It shows enduring liability to the whole principal at 73.98 and enduring liability to assets at 0.49 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 1.7767 points at 1st support level, the second support level is making up to 1.5833. But as of 1st resistance point, this stock is sitting at 2.1317 and at 2.2933 for 2nd resistance point.

Drive Shack Inc. [DS] reported its earnings at -$0.16 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at -$0.22/share signifying the difference of 0.06 and 27.30% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were -$0.61 calling estimates for -$0.23/share with the difference of -0.38 depicting the surprise of -165.20%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Drive Shack Inc. [NYSE:DS] is 0.50. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.37. Now if looking for a valuation of this stock’s amount to sales ratio it’s 0.90 and it’s amount to book ratio is 61.49.

Insider Stories

The most recent insider trade was by Goodfield Lawrence A. Jr., CAO and Treasurer, and it was the sale of 17200.0 shares on Nov 06. Goodfield Lawrence A. Jr., the Interim CFO, CAO and Treasurer, completed a sale of 2394.0 shares on May 21. On Mar 13, Goodfield Lawrence A. Jr., Interim CFO, CAO and Treasurer, completed a purchase of 17200.0 shares.