Drive Shack Inc. (DS) Shares: Cheap or Risky?

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Drive Shack Inc. (NYSE:DS) saw an upside of 14.09% to close Tuesday at $0.23 after adding $0.03 on the day. The 5-day average trading volume is 1,704,160 shares of the company’s common stock. It has gained $0.2700 in the past week and touched a new high 3 times within the past 5 days. An average of 2,361,945 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,384,888.

DS’s 1-month performance is -51.06% or -$0.2400 on its low of $0.1530 reached on 12/14/22. The company’s shares have touched a 52-week low of $0.15 and high of $1.97, with the stock’s rally to the 52-week high happening on 06/09/22. YTD, DS has lost -83.92% or -$1.2000 and has reached a new high 5 times. However, the current price is down -88.32% from the 52-week high price.


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Valuation Metrics

DS stock has a beta of 1.45. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.07.

Drive Shack Inc.’s quick ratio for the period ended June 29 was 0.50, with the current ratio over the same period at 0.50.. In terms of profitability, the gross margin trailing 12 months is 94.30%. The firm’s gross profit as reported stood at -$20.62 million against revenue of $281.86 million.

Earnings Surprise

For the quarterly period ending June 29 this year, Drive Shack Inc.’s cash and short-term investments amounted to $2.04 million against total debt of $257.56 million. Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -19.88% to -$8.55 million, while revenue of -$10.83 million was -26.67% off the previous quarter. Analysts expected DS to announce -$0.1 per share in earnings in its latest quarter, but it posted -$0.12, representing a -20.00% surprise. EBITDA for the quarter stood at more than -$0.69 million. Shareholders hold equity totaling $92.39 million.

Let’s look briefly at Drive Shack Inc. (DS) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 27 December was 31.61% to suggest the stock is trending Neutral, with historical volatility in this time period at 369.03%.

The stock’s 5-day moving average is $0.2165, reflecting a +4.55% or $0.0100 change from its current price. DS is currently trading -47.49% above its 20-day SMA, -84.67% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -49.56% and SMA200 by-82.84%.

Stochastic %K and %D was 15.61% and 14.89% and the average true range (ATR) pointed at 0.0509. The RSI (14) points at 32.58%, while the 14-day stochastic is at 20.98% with the period’s ATR at 0.0537. The stock’s 9-day MACD Oscillator is pointing at -0.0029 and -0.1022 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Drive Shack Inc. (NYSE: DS), Craig Hallum launched coverage with a Buy rating.

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