Driven Brands Holdings Inc (NASDAQ:DRVN) finished Wednesday with a subtraction of -$0.04 to close at $12.46, a downside of -0.32 percent. An average of 2,254,280 shares of common stock have been traded in the last five days. There was a fall of -$0.95 in the past week, and it reached a new high 9 times over the past 12 months. The last 20 days have seen an average of 1,635,945 shares traded, while the 50-day average volume stands at 1,901,500.
DRVN stock has decreased by -14.60% in the last month. The company shares reached their 1-month lowest point of $12.17 on 09/27/23. With the stock rallying to its 52-week high on 04/28/23, shares of the company touched a low of $12.47 and a high of $32.97 in 52 weeks. It has reached a new high 17 times so far this year and lost -54.38% or -$14.85 in price. In spite of this, the price is down -62.21% from the 52-week high.
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Valuation Metrics
Driven Brands Holdings Inc (DRVN) has a trailing price-to-earnings (P/E) ratio of 15.90. The stock’s beta is 1.04. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.94, the price-to-book (PB) ratio at 1.19.
Financial Health
The quick ratio of Driven Brands Holdings Inc for the three months ended June 29 was 1.02, and the current ratio was 1.18, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 2.35 and a total debt to equity ratio of 2.37 for the quarter ending June 29. Driven Brands Holdings Inc’s EBITDA margin for the year ending June 29 is 24.38%, while its operating margin for the same period stands at 16.43%. Its gross profit as reported stood at $879.52 million compared to revenue of $2.03 billion.
Earnings Surprise
For the three-month period that ended June 29, Driven Brands Holdings Inc had $2.78 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $37.75 million in the quarter, while revenues of $29.75 million were grew 251.1%. The analyst consensus anticipated Driven Brands Holdings Inc’s latest quarter earnings to come in at $0.31 per share, but it turned out to be $0.29, a -6.50% surprise. For the quarter, EBITDA amounted to $144.99 million. Shareholders own equity worth $167.53 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Driven Brands Holdings Inc (DRVN) price momentum. RSI 9-day as of the close on 27 September was 16.30%, suggesting the stock is oversold, with historical volatility in this time frame at 20.39%.
As of today, DRVN’s price is $12.83 -7.08% or -$0.95 from its 5-day moving average. DRVN is currently trading -15.24% lower than its 20-day SMA and -56.90% lower than its 100-day SMA. However, the stock’s current price level is -52.73% below the SMA50 and -57.88% below the SMA200.
The stochastic %K and %D were 7.04% and 4.33%, respectively, and the average true range (ATR) was 0.46. With the 14-day stochastic at 15.43% and the average true range at 0.50, the RSI (14) stands at 20.16%. The stock has reached -0.51 on the 9-day MACD Oscillator while the 14-day reading was at -0.70.
Analyst Ratings
William Blair downgraded Driven Brands Holdings Inc (NASDAQ: DRVN) to a a Mkt perform rating in its most recent analyst report. Previously, the stock was rated as an Outperform.
