With 1.21 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.54 million shares. The 52-week range on DRVN shows that it touched its highest point at $17.45 and its lowest point at $10.59 during that stretch. It currently has a 1-year price target of $19.27. Beta for the stock currently stands at 1.15.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of DRVN was up-trending over the past week, with a rise of 7.20%, but this was down by -2.46% over a month. Three-month performance dropped to -2.76% while six-month performance rose 10.63%. The stock gained 23.42% in the past year, while it has gained 0.56% so far this year. A look at the trailing 12-month EPS for DRVN yields -1.82 with Next year EPS estimates of 1.54. For the next quarter, that number is 0.23. This implies an EPS growth rate of 6.21% for this year and 27.11% for next year.
Float and Shares Shorts:
At present, 163.84 million DRVN shares are outstanding with a float of 58.03 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DRVN since 6 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $1.09075 being high and $1.00995 being low. For DRVN, this leads to a yearly average estimate of $1.03015. Based on analyst estimates, the high estimate for the next quarter is $0.43 and the low estimate is $0.33. The average estimate for the next quarter is thus $0.36.
