What Drive Shack Inc. (DS) Insiders Are Up To

BEPC Stock
BEPC Stock

Drive Shack Inc. (NYSE:DS) finished Wednesday with a subtraction of -$0.09 to close at $0.84, a downside of -10.07 percent. An average of 1,032,400 shares of common stock have been traded in the last five days. There was a fall of -$0.1710 in the past week, and it reached a new high 4 times over the past 12 months. The last 20 days have seen an average of 687,955 shares traded, while the 50-day average volume stands at 631,306.

DS stock has decreased by -26.40% in the last month. The company shares reached their 1-month lowest point of $0.7630 on 09/21/22. With the stock rallying to its 52-week high on 06/09/22, shares of the company touched a low of $0.92 and a high of $3.04 in 52 weeks. It has reached a new high 5 times so far this year and lost -41.33% or -$0.5910 in price. In spite of this, the price is down -72.40% from the 52-week high.

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Valuation Metrics

Drive Shack Inc. (DS) stock’s beta is 1.33. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.26.

Financial Health

The quick ratio of Drive Shack Inc. for the three months ended June 29 was 0.60, and the current ratio was 0.60, indicating that the company is not able to meet its debt obligations. Its gross profit as reported stood at -$20.62 million compared to revenue of $281.86 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Drive Shack Inc.’s return on assets was -11.00%.

Earnings Surprise

For the three-month period that ended June 29, Drive Shack Inc. had $2.85 million in cash and short-term investments compared to $51.17 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$10.83 million in the quarter, while revenues were grew 68.98%. The analyst consensus anticipated Drive Shack Inc.’s latest quarter earnings to come in at -$0.1 per share, but it turned out to be -$0.12, a -20.00% surprise. For the quarter, EBITDA amounted to -$2.09 million. At the end of the quarter ending June 29, Drive Shack Inc.’s stock balance sheet showed total debt was $257.56 million. Shareholders own equity worth $92.39 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Drive Shack Inc. (DS) price momentum. RSI 9-day as of the close on 21 September was 17.53%, suggesting the stock is oversold, with historical volatility in this time frame at 59.64%.

As of today, DS’s price is $0.9624 -16.93% or -$0.1710 from its 5-day moving average. DS is currently trading -28.29% lower than its 20-day SMA and -31.79% lower than its 100-day SMA. However, the stock’s current price level is -37.39% below the SMA50 and -45.16% below the SMA200.

The stochastic %K and %D were 11.94% and 13.78%, respectively, and the average true range (ATR) was 0.0749. With the 14-day stochastic at 18.67% and the average true range at 0.0733, the RSI (14) stands at 23.66%. The stock has reached -0.0818 on the 9-day MACD Oscillator while the 14-day reading was at -0.1216.

Analyst Ratings

Craig Hallum launched coverage on Drive Shack Inc. (NYSE: DS) in its analyst report released on March 26, 2021. The firm assigned the stock a Buy rating. The consensus rating for Drive Shack Inc. (DS) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell DS, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 3 others rate it as a “buy”.

What is DS’s price target for the next 12 months?

Analysts predict a range of price targets between $3.00 and $5.00, with a median target of $5.00. Taking a look at these predictions, the average price target given by analysts for Drive Shack Inc. (DS) stock is $4.33.


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