Driven Brands Holdings Inc [DRVN] stock prices are up 6.82% to $14.73 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The DRVN shares have gain 6.82% over the last week, with a monthly amount glided 12.61%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Morgan Stanley downgraded its rating to Equal-Weight on January 16, 2024, and dropped its price target to $14. On August 02, 2023, downgrade downgraded it’s rating to Mkt Perform. Canaccord Genuity started tracking the stock assigning a Buy rating and suggested a price target of $41 on March 30, 2023. Barclays initiated its recommendation with a Overweight and recommended $35 as its price target on February 08, 2023. The Benchmark Company started tracking with a Buy rating for this stock on January 27, 2023, and assigned it a price target of $40. In a note dated December 20, 2022, Credit Suisse initiated an Neutral rating and provided a target price of $31 on this stock.
The stock price of Driven Brands Holdings Inc [DRVN] has been fluctuating between $10.60 and $31.47 over the past year. Currently, Wall Street analysts expect the stock to reach $34.33 within the next 12 months. Driven Brands Holdings Inc [NASDAQ: DRVN] shares were valued at $14.73 at the most recent close of the market. An investor can expect a potential return of 133.06% based on the average DRVN price forecast.
Analyzing the DRVN fundamentals
The Driven Brands Holdings Inc [NASDAQ:DRVN] reported sales of 2.30B for trailing twelve months, representing a surge of 2.60%. Gross Profit Margin for this corporation currently stands at 0.44% with Operating Profit Margin at -0.3%, Pretax Profit Margin comes in at -0.37%, and Net Profit Margin reading is -0.32%. To continue investigating profitability, this company’s Return on Assets is posted at -0.13, Equity is -0.57 and Total Capital is -0.13. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 3.31.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 14.15 points at the first support level, and at 13.57 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.07, and for the 2nd resistance point, it is at 15.41.
Ratios To Look Out For
It’s worth pointing out that Driven Brands Holdings Inc [NASDAQ:DRVN]’s Current Ratio is 1.92. On the other hand, the Quick Ratio is 1.73, and the Cash Ratio is 0.52. Considering the valuation of this stock, the price to sales ratio is 1.05, the price to book ratio is 2.67.
Transactions by insiders
Recent insider trading involved Fitzpatrick Jonathan G., Chief Executive Officer, that happened on May 30 ’23 when 42000.0 shares were purchased. EVP & Chief Financial Officer, Ferrera Gary W completed a deal on May 25 ’23 to buy 4000.0 shares.
