DiamondRock Hospitality Company (DRH): A Technical View

As of Friday close, DiamondRock Hospitality Company’s (NYSE:DRH) stock was down -$0.09, moving down -0.97 percent to $9.15. The average number of shares traded per day over the past five days has been 1,468,560 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.13 fall in that time frame. In the last twenty days, the average volume was 1,829,010, while in the previous 50 days, it was 2,038,002.

Since last month, DRH stock rose 9.06%. Shares of the company fell to $7.92 on 07/06/22, the lowest level in the past month. A 52-week high of $11.15 was reached on 04/29/22 after having rallying from a 52-week low of $7.68. Since the beginning of this year, DRH’s stock price has dropped by -4.79% or -$0.46, and marked a new high 15 times. However, the stock has declined by -17.90% since its 52-week high.

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DiamondRock Hospitality Company (DRH) last reported insider trading activity 271 days ago on Nov 08. Tennis William J, the EVP & General Counsel of the company, disposed of 30,000 shares for $10.90 on Nov 08. It resulted in a $327,000 divestment by the insider.

Valuation Metrics

The stock’s beta is 1.60. Besides these, the trailing price-to-sales (P/S) ratio of 2.71, the price-to-book (PB) ratio of 1.28, and the price-to-cash flow ratio of 55.16 may also be considered.

The latest dividend of $0.03 per share was paid out, which is -76.0% less than last year’s $0.1250.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.77, and the total debt-to-equity ratio was 0.77. On the profitability front, the trailing twelve-month gross margin is 24.80% percent. In the year ended June 29, operating margins totaled 2.90%. Based on annual data, DRH earned -$156.04 million in gross profit and brought in $567.13 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -6.20%. Return on equity (ROE) for the past 12 months was -1.50%.

In DiamondRock Hospitality Company’s quarter-end financial report for June 29, it reported total debt of $1.17 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. DRH’s revenue rose 62.94% to $189.93 million during the quarter, while net income inched up to $196.83 million. While analysts expected DiamondRock Hospitality Company to report $0.12 quarterly earnings, the actual figure was $0.23 per share, beating the consensus estimate by 91.70%. During the quarter, the company generated $91.67 million in EBITDA. The value of shareholders’ equity is $210.92 million.

Technical Picture

This quick technical analysis looks at DiamondRock Hospitality Company’s (DRH) price momentum. With a historical volatility rate of 24.32%, the RSI 9-day stood at 58.82% on 05 August.

With respect to its five-day moving average, the current DiamondRock Hospitality Company price is down by -1.40% percent or -$0.13. At present, DRH shares trade +10.24% above its 20-day simple moving average and -3.07% percent below its 100-day simple moving average. However, the stock is currently trading approximately -2.56% below its SMA50 and -3.99% below its SMA200.

Stochastic coefficient K was 78.12% and Stochastic coefficient D was 81.80%, while ATR was 0.31. Given the Stochastic reading of 69.66% for the 14-day period, the RSI (14) reading has been calculated as 55.92%. As of today, the MACD Oscillator reading stands at 0.06, while the 14-day reading stands at 0.17.

Analyst Ratings

DiamondRock Hospitality Company (DRH) has been rated Hold by analysts. According to 0 brokerage firms, DRH is a sell, and 7 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 2 analysts rate DiamondRock Hospitality Company stock as buy, with 2 recommending it as overweight.

With a median target price of $10.50, the current consensus forecast for the stock is $9.00 – $12.00. Based on these forecasts, analysts predict DiamondRock Hospitality Company (DRH) will achieve an average price target of $10.50.


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