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Driven Brands Holdings Inc. (DRVN) Quarterly Performance is -5.61%: Here is the Surprise Factor

Driven Brands Holdings Inc. (DRVN) is priced at $30.77 after the most recent trading session. At the very opening of the session, the stock price was $31.11 and reached a high price of $31.29, prior to closing the session it reached the value of $30.96. The stock touched a low price of $30.66.Recently in News on October 26, 2022, Driven Brands Holdings Inc. Reports Strong Third Quarter Results; Raises Full Year Guidance Reflecting Outperformance. Revenue Increased 39% Powered by 12% Same-Store Sales and Net Store Growth. You can read further details here

Driven Brands Holdings Inc. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $35.45 on 09/12/22, with the lowest value was $24.62 for the same time period, recorded on 05/12/22.

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Driven Brands Holdings Inc. (DRVN) full year performance was -3.30%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Driven Brands Holdings Inc. shares are logging -13.20% during the 52-week period from high price, and 24.98% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $24.62 and $35.45.

The company’s shares, operating in the sector of Consumer Cyclical managed to top a trading volume set approximately around 329189 for the day, which was evidently lower, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Driven Brands Holdings Inc. (DRVN) recorded performance in the market was -8.48%, having the revenues showcasing -5.61% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 5.10B, as it employees total of 9900 workers.

Specialists analysis on Driven Brands Holdings Inc. (DRVN)

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 30.85, with a change in the price was noted +2.51. In a similar fashion, Driven Brands Holdings Inc. posted a movement of +8.88% for the period of last 100 days, recording 615,715 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for DRVN is recording 1.71 at the time of this writing. In addition, long term Debt to Equity ratio is set at 1.70.

Trends and Technical analysis: Driven Brands Holdings Inc. (DRVN)

Raw Stochastic average of Driven Brands Holdings Inc. in the period of last 50 days is set at 51.18%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 40.84%. In the last 20 days, the company’s Stochastic %K was 39.54% and its Stochastic %D was recorded 36.84%.

Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -8.48%. Additionally, trading for the stock in the period of the last six months notably improved by 13.71%, alongside a downfall of -3.30% for the period of the last 12 months. The shares increased approximately by -1.57% in the 7-day charts and went up by -4.65% in the period of the last 30 days. Common stock shares were lifted by -5.61% during last recorded quarter.

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