Craig Hallum raised the price target for the Drive Shack Inc. (NYSE:DS) stock to “a Buy”. The rating was released on March 26, 2021. The research report from BTIG Research has initiated the stock to Buy, with a price target set at $3. The stock was initiated by JMP Securities, who disclosed in a research note on October 15, 2019, to Mkt Outperform and set the price objective to $8. In their research brief published March 18, 2019, Imperial Capital analysts upgraded the Drive Shack Inc. stock from In-line to Outperform with a price target of $7.
Historical Earnings Surprises and Revenue Forecasts
Profit is the most critical financial performance measure. Every investor in a business is looking forward to the earnings report as stock price to increase when earnings exceed market expectations and progressively decrease when earnings do not meet expectations. The firm reported an earnings per share (EPS) of $0.13 during the last quarter as opposed to a consensus estimate of -$0.19, which indicates the company beat its estimate by $0.32, which implies that the company surprised the market by 168.40%. It appears that the average earnings per share estimate for the current quarter (ending in Mar 2021) is -$0.14. This is an average of 3 analysts’ earnings, where the high earnings per share estimate is -$0.12 and the low earnings per share estimate is -$0.16. According to 2 analyst estimates, an average revenue estimate of $61.41M is projected for the current quarter with a high revenue estimate of $66.7M and a low estimate of $56.12M.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of Drive Shack Inc. (NYSE:DS) dipped -0.33% to close Friday’s market session at $3.04, lower as compared to yesterday’s close. The stock price fluctuated between $2.975 and $3.115 throughout the trading session with the volume trading being 1337162 shares, which represented a significant variation when compared to the three months average volume of 3.63 million shares. The firm’s stock price fluctuated -2.25% within the last five trades and 1.00% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 71.75% in the last 6 months and 25.62% was added to its value over the previous 3 months. DS stock is trading at a margin of -6.03%, 1.97% and 45.13% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, DS deals in the Consumer Cyclical domain. The stock is trading -22.84 percent below its 52-week high and 204.00 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 9.67. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Drive Shack Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at -16.60 percent and the profit margin is -28.20 percent, and the company has reported a gross margin of 96.00 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $279.25 million as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 1.27 that mirrors the cost to be found for sales by the market.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 6.30 percent of Drive Shack Inc. shares are owned by insiders, and 28.40 percent are held by financial institutions. MCFARLAND STUART A, the Director at Drive Shack Inc. (DS) has bought 1,525 shares of firm on Mar 15 at a price of $3.23 against the total amount of $4918.0. In another inside trade, Goodfield Lawrence A. Jr., CAO and Treasurer of Drive Shack Inc. (NYSE:DS) sold 17,200 shares of the firm on Nov 06 for a total worth of $20468.0 at a price of $1.19. An inside trade which took place on May 21, Interim CFO, CAO and Treasurer of Drive Shack Inc. Goodfield Lawrence A. Jr. sold 2,394 shares of firm against total price of $4668.0 at the cost of $1.95 per share.