At the time of writing, Driven Brands Holdings Inc [DRVN] stock is trading at $13.09, down -0.83%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The DRVN shares have gain 2.83% over the last week, with a monthly amount glided 14.93%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Driven Brands Holdings Inc [NASDAQ: DRVN] stock has seen the most recent analyst activity on May 03, 2024, when JP Morgan downgraded its rating to a Neutral and also revised its price target to $12.50 from $18. On January 16, 2024, downgrade downgraded it’s rating to Equal-Weight and revised its price target to $14 on the stock. William Blair downgraded its rating to a Mkt Perform. Canaccord Genuity initiated its recommendation with a Buy and recommended $41 as its price target on March 30, 2023. Barclays started tracking with a Overweight rating for this stock on February 08, 2023, and assigned it a price target of $35. In a note dated January 27, 2023, The Benchmark Company initiated an Buy rating and provided a target price of $40 on this stock.
For the past year, the stock price of Driven Brands Holdings Inc fluctuated between $10.59 and $27.65. Currently, Wall Street analysts expect the stock to reach $20.4 within the next 12 months. Driven Brands Holdings Inc [NASDAQ: DRVN] shares were valued at $13.09 at the most recent close of the market. An investor can expect a potential return of 55.84% based on the average DRVN price forecast.
Analyzing the DRVN fundamentals
According to Driven Brands Holdings Inc [NASDAQ:DRVN], the company’s sales were 2.31B for trailing twelve months, which represents an 1.74% jump. Gross Profit Margin for this corporation currently stands at 0.43% with Operating Profit Margin at -0.3%, Pretax Profit Margin comes in at -0.38%, and Net Profit Margin reading is -0.33%. To continue investigating profitability, this company’s Return on Assets is posted at -0.13, Equity is -0.69 and Total Capital is -0.13. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of3.24.
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 12.96 points at the first support level, and at 12.83 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.27, and for the 2nd resistance point, it is at 13.44.
Ratios To Look Out For
It is important to note that Driven Brands Holdings Inc [NASDAQ:DRVN] has a current ratio of 1.86. In addition, the Quick Ratio stands at 1.67 and the Cash Ratio stands at 0.5. Considering the valuation of this stock, the price to sales ratio is 0.93, the price to book ratio is 2.37.
