DiamondRock Hospitality Company (NYSE:DRH) saw a downside of -3.21% to $8.75 after subtracting -$0.29 on Wednesday. The 5-day average trading volume is 1,533,284 shares of the company’s common stock. It has gained $9.50 in the past week. An average of 1,820,131 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,597,092.
DRH’s 1-month performance is -0.55% or -$0.32 on its low of $8.57 reached on 09/20/21. The company’s shares have touched a 52-week low of $4.68 and high of $11.48, with the stock’s rally to the 52-week high happening on 03/18/21. YTD, DRH has achieved 9.58% or $0.52. However, the current price is down -23.81%% from the 52-week high price.
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On Mar 08, 219 days have gone by since the last insider trading activity for DiamondRock Hospitality Company (DRH). Brugger Mark W (President and CEO) most recently sold 200,000 shares at $10.11 per share on Mar 08. This transaction cost the insider $2,022,160. Sr. Vice President & Treasurer, Quinn Briony R., sold 10,000 shares at a price of $8.88 on Dec 04. Then, on Dec 03, EVP & Chief Investment Officer Furbay Troy sold 16,359 shares at a price of $8.34 per share. This transaction amounted to $136,434.
DiamondRock Hospitality Company (DRH) has a trailing price-to-earnings (P/E) ratio of 21.25 for the broader industry and 37.98 for the sector. The company’s PE ratio for the last five years has touched a high of 32.08 and a low of 2.389. DRH stock has a beta of 1.85. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 6.29 while the price-to-book (PB) in the most recent quarter is 1.26.
As well, the company’s long term debt to equity for the quarter ending June 29 was 0.65, while the total debt to equity was 0.65. In terms of profitability, the gross margin trailing 12 months is 0.30%. The firm’s gross profit as reported stood at -$368.88 million against revenue of $299.49 million.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -36.23% to $124.79 million, while revenue of $72.94 million was 41.55% off the previous quarter. Analysts expected DRH to announce -$0.17 per share in earnings in its latest quarter, but it posted -$0.1, representing a 41.20% surprise. EBITDA for the quarter stood at more than $14.02 million. DRH stock balance sheet for the quarter ending June 29 shows that, with total debt at $1.1 billion. Shareholders hold equity totaling $210.62 million
Let’s look briefly at DiamondRock Hospitality Company (DRH) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 31.45% to suggest the stock is trending Neutral, with historical volatility in this time period at 32.38%.
The stock’s 5-day moving average is $9.07, reflecting a -5.75% or -$0.54 change from its current price. DRH is currently trading -0.85% above its 20-day SMA, -6.75% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +4.22% and +3.11% respectively.
Stochastic %K and %D was 8.71% and 16.55% and the average true range (ATR) pointed at 0.30. The RSI (14) points at 39.66%, while the 14-day stochastic is at 6.59% with the period’s ATR at 0.31. The stock’s 9-day MACD Oscillator is pointing at -0.31 and -0.39 on the 14-day charts.
In the most recent analyst report for DiamondRock Hospitality Company (NYSE: DRH), Truist upgraded it to a Hold rating. They previously had a Sell rating on the stock. Analysts offering their rating for DRH stock have a consensus rating for the stock as Hold. Currently, 2 brokerage advisors rate DRH as a “sell,”, while 5 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 2 rates the stock as overweight while 3 have offered a “buy” rating.
What is DRH’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $8.00 and a high of $11.00, with their median price target at $10.00. Looking at these predictions, the average price target given by analysts is for DiamondRock Hospitality Company (DRH) stock is $9.98.