Denny’s Corporation (NASDAQ:DENN) finished Friday with a subtraction of -$0.01 to close at $9.21, a downside of -0.11 percent. An average of 775,420 shares of common stock have been traded in the last five days. There was a gain of $0.15 in the past week, and it reached a new high 5 times over the past 12 months. The last 20 days have seen an average of 855,115 shares traded, while the 50-day average volume stands at 784,662.
DENN stock has decreased by -26.56% in the last month. The company shares reached their 1-month lowest point of $8.66 on 12/21/22. With the stock rallying to its 52-week high on 02/15/22, shares of the company touched a low of $8.46 and a high of $16.97 in 52 weeks. It has reached a new high 4 times so far this year and lost -42.44% or -$6.79 in price. In spite of this, the price is down -45.73% from the 52-week high.
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DENN stock investors should be aware that Denny’s Corporation (DENN) stock had its last reported insider trading activity 40 days ago on Nov 21. In this transaction, the insider spent $93,069. Director, LAUDERBACK BRENDA J, disposed of 5,421 shares at a price of $12.83 on Nov 15. The insider now owns more than $69,551 worth of shares. Prior to that, Director MILLER JOHN C went on to Sale 85,000 shares at $12.56 each on Nov 10. An amount of $1,067,192 was transacted.
Denny’s Corporation (DENN) has a trailing price-to-earnings (P/E) ratio of 5.51. The stock’s beta is 1.62. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.21, and the price-to-cash flow ratio at 20.90.
The quick ratio of Denny’s Corporation for the three months ended September 29 was 0.40, and the current ratio was 0.50, indicating that the company is not able to meet its debt obligations. Its gross profit as reported stood at $169.05 million compared to revenue of $398.17 million.
For the three-month period that ended September 29, Denny’s Corporation had $1.76 million in cash and short-term investments compared to $266.5 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 $17.08 million in the quarter, while revenues were grew 28.16%. The analyst consensus anticipated Denny’s Corporation’s latest quarter earnings to come in at $0.14 per share, but it turned out to be $0.12, a -14.30% surprise. For the quarter, EBITDA amounted to $19.87 million. Shareholders own equity worth $57.23 million.
From a technical analysis perspective, let’s take a brief look at Denny’s Corporation (DENN) price momentum. RSI 9-day as of the close on 30 December was 32.38%, suggesting the stock is Neutral, with historical volatility in this time frame at 36.72%.
As of today, DENN’s price is $9.08 +1.66% or $0.15 from its 5-day moving average. DENN is currently trading -26.50% lower than its 20-day SMA and -3.71% lower than its 100-day SMA. However, the stock’s current price level is -8.27% below the SMA50 and -36.87% below the SMA200.
The stochastic %K and %D were 22.80% and 19.44%, respectively, and the average true range (ATR) was 0.38. With the 14-day stochastic at 25.94% and the average true range at 0.40, the RSI (14) stands at 32.63%. The stock has reached -0.04 on the 9-day MACD Oscillator while the 14-day reading was at -0.42.
Wedbush downgraded Denny’s Corporation (NASDAQ: DENN) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as an Outperform.