Driven Brands Holdings Inc (NASDAQ: DRVN) is -0.49% lower on its value in year-to-date trading and has touched a low of $10.59 and a high of $16.00 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The DRVN stock was last observed hovering at around $14.10 in the last trading session, with the day’s gains setting it 0.09%.
Currently trading at $14.19, the stock is -0.64% and -0.70% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.06 million and changing 0.64% at the moment leaves the stock 5.16% off its SMA200. DRVN registered 27.26% gain for a year compared to 6-month loss of -3.21%. The firm has a 50-day simple moving average (SMA 50) of $14.2896 and a 200-day simple moving average (SMA200) of $13.49395.
The stock witnessed a -2.14% gain in the last 1 month and extending the period to 3 months gives it a -2.21%, and is -1.11% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.44% over the week and 2.64% over the month.
Driven Brands Holdings Inc (DRVN) has around 10600 employees, a market worth around $2.33B and $2.32B in sales. Fwd P/E is 11.33. Profit margin for the company is -32.86%. Distance from 52-week low is 33.99% and -11.31% from its 52-week high. The company has generated returns on investments over the last 12 months (-14.89%).
The EPS is expected to grow by 10.08% this year
233.0 institutions hold shares in Driven Brands Holdings Inc (DRVN), with institutional investors hold 102.80% of the company’s shares. The shares outstanding are 163.97M, and float is at 57.99M with Short Float at 15.82%. Institutions hold 100.24% of the Float.
The top institutional shareholder in the company is HG VORA CAPITAL MANAGEMENT, LLC with over 7.2 million shares valued at $91.66 million. The investor’s holdings represent 4.5104 of the DRVN Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 5.66 million shares valued at $72.0 million to account for 3.5432 of the shares outstanding. The other top investors are NORTH PEAK CAPITAL MANAGEMENT, LLC which holds 5.2 million shares representing 3.2597 and valued at over $66.24 million, while JPMORGAN CHASE & CO holds 3.1153 of the shares totaling 4.97 million with a market value of $63.31 million.
