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Tuesday, December 5, 2023

Driven Brands Holdings Inc (DRVN) Is Not Likely To Be The Same Tomorrow

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Driven Brands Holdings Inc (DRVN) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.23, or -1.97%, to $11.45. The Driven Brands Holdings Inc has recorded 11,627 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Driven Brands Holdings Inc. Reports Third Quarter Results.

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Stocks Info

Driven Brands Holdings Inc is listed on the NASDAQ in the Consumer Cyclical sector while operating in the Auto & Truck Dealerships industry. At the end of the last regular session, the stock closed at $11.68 and fluctuated between $11.85 as its day high and $11.23 as its day low. The current market capitalization of Driven Brands Holdings Inc is $1.96B. A total of 1.8 million shares were traded on the day, compared to an average of 1.93M shares.

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, DRVN has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 18 BUYs and 9 SELLs from insiders. Insiders purchased 272,341 shares during that period but sold 13,635.

In the most recent transaction, Fitzpatrick Jonathan G. bought 42,000 shares of DRVN for 23.76 per share on May 30. After the transaction, the Chief Executive Officer now owns 2,332,363 company shares. In a previous transaction on May 25, Ferrera Gary W bought 4,000 shares at 24.23 per share. DRVN shares that EVP & Chief Financial Officer owns now total 63,101.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for DRVN in the last 3 months, the mean price target is $21.73 with high estimates of $25.00 and low estimates of $17.00. In terms of 52-week highs and lows, DRVN has a high of $32.61 and a low of $10.60.

As of this writing, DRVN has an earnings estimate of $0.18 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of $0.23 per share and a lower estimate of $0.14. The company reported an EPS of $0.25 in the last quarter, which was 8.70% higher than expectations of $0.23.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. DRVN’s latest balance sheet shows that the firm has $523.41M in Cash & Short Term Investments as of fiscal 2021. There were $3.31B in debt and $435.86M in liabilities at the time. Its Book Value Per Share was $5.37, while its Total Shareholder’s Equity was $1.65B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for DRVN is Buy with a score of 4.45.

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