Driven Brands Holdings Inc (NASDAQ: DRVN) is 17.81% higher on its value in year-to-date trading and has touched a low of $10.59 and a high of $17.35 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The DRVN stock was last observed hovering at around $17.16 in the last trading session, with the day’s loss setting it -0.36%.
Currently trading at $16.80, the stock is 0.96% and 9.53% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.81 million and changing -2.10% at the moment leaves the stock 21.18% off its SMA200. DRVN registered 28.05% gain for a year compared to 6-month gain of 48.28%. The firm has a 50-day simple moving average (SMA 50) of $15.2914 and a 200-day simple moving average (SMA200) of $13.85295.
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The stock witnessed a 10.31% loss in the last 1 month and extending the period to 3 months gives it a 21.04%, and is -0.36% 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 2.21% over the week and 2.59% over the month.
Driven Brands Holdings Inc (DRVN) has around 10600 employees, a market worth around $2.76B and $2.33B in sales. Current P/E ratio is 622.22 and Fwd P/E is 13.51. Profit margin for the company is 0.27%. Distance from 52-week low is 58.64% and -3.17% from its 52-week high. The company has generated returns on investments over the last 12 months (0.12%).
The EPS is expected to grow by 10.51% this year
244.0 institutions hold shares in Driven Brands Holdings Inc (DRVN), with institutional investors hold 83.65% of the company’s shares. The shares outstanding are 164.11M, and float is at 58.00M with Short Float at 13.74%. Institutions hold 81.56% 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.
