Diamondrock Hospitality Co. (NYSE:DRH) saw a downside of -2.15% to close Tuesday at $7.73 after subtracting -$0.17 on the day. The 5-day average trading volume is 2,539,260 shares of the company’s common stock. It has gained $8.13 in the past week and touched a new high 1 time within the past 5 days. An average of 2,618,635 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,280,356.
DRH’s 1-month performance is 3.07% or $0.23 on its low of $7.65 reached on 08/28/23. The company’s shares have touched a 52-week low of $7.14 and high of $10.02, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, DRH has lost -5.62% or -$0.46 and has reached a new high 14 times. However, the current price is down -22.85% from the 52-week high price.
Insider Transactions
DRH stock investors last saw insider trading activity on Feb 02.Brugger Mark W (President and CEO) most recently sold 24,310 shares at $10.00 per share on Feb 02. This transaction cost the insider $243,100.
Valuation Metrics
DRH stock has a beta of 1.62. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.53 while the price-to-book (PB) in the most recent quarter is 1.00, with the price to cash flow ratio at 10.28.
. In terms of profitability, the gross margin trailing 12 months is 20.82%. The firm’s gross profit as reported stood at $161.76 million against revenue of $1.0 billion.
Earnings Surprise
Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -37.11% to $36.51 million, while revenue of $6.7 million was 81.65% off the previous quarter. EBITDA for the quarter stood at more than $82.9 million. Shareholders hold equity totaling $209.63 million.
Let’s look briefly at Diamondrock Hospitality Co. (DRH) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 26 September was 38.38% to suggest the stock is trending Neutral, with historical volatility in this time period at 21.83%.
The stock’s 5-day moving average is $7.84, reflecting a -3.74% or -$0.30 change from its current price. DRH is currently trading -2.03% above its 20-day SMA, -5.96% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -3.01% and SMA200 by-12.95%.
Stochastic %K and %D was 17.59% and 22.76% and the average true range (ATR) pointed at 0.22. The RSI (14) points at 42.21%, while the 14-day stochastic is at 9.02% with the period’s ATR at 0.22. The stock’s 9-day MACD Oscillator is pointing at -0.16 and -0.21 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Diamondrock Hospitality Co. (NYSE: DRH), Wells Fargo upgraded it to an Overweight rating. They previously had an Equal weight rating on the stock. Analysts offering their rating for DRH stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate DRH as a “sell,”, while 7 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 Co. (DRH) stock is $9.77.
