Market cap of DiamondRock Hospitality Company [DRH] reaches 2.10B – now what?

DiamondRock Hospitality Company [NYSE: DRH] price surged by 1.28 percent to reach at $0.12. The company report on August 3, 2022 that DIAMONDROCK HOSPITALITY COMPANY REPORTS SECOND QUARTER RESULTS.


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A sum of 2061464 shares traded at recent session while its average daily volume was at 1.85M shares. DiamondRock Hospitality Company shares reached a high of $9.61 and dropped to a low of $9.37 until finishing in the latest session at $9.48.

The one-year DRH stock forecast points to a potential upside of 10.57. The average equity rating for DRH stock is currently 2.60, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on DiamondRock Hospitality Company [DRH]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DRH shares is $10.60 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DRH stock is a recommendation set at 2.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Evercore ISI have made an estimate for DiamondRock Hospitality Company shares, keeping their opinion on the stock as In-line, with their previous recommendation back on July 11, 2022. The new note on the price target was released on January 10, 2022, representing the official price target for DiamondRock Hospitality Company stock. Previously, the target price had yet another raise from $10 to $10.50, while Evercore ISI kept a In-line rating on DRH stock.

The Average True Range (ATR) for DiamondRock Hospitality Company is set at 0.27, with the Price to Sales ratio for DRH stock in the period of the last 12 months amounting to 2.48. The Price to Book ratio for the last quarter was 1.28, with the Price to Cash per share for the same quarter was set at 0.32. Price to Free Cash Flow for DRH in the course of the last twelve months was 25.72.

DRH Stock Performance Analysis:

DiamondRock Hospitality Company [DRH] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.44. With this latest performance, DRH shares gained by 5.10% in over the last four-week period, additionally sinking by -2.37% over the last 6 months – not to mention a rise of 7.36% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for DRH stock in for the last two-week period is set at 53.85, with the RSI for the last a single of trading hit 52.13, and the three-weeks RSI is set at 53.48 for DiamondRock Hospitality Company [DRH]. The present Moving Average for the last 50 days of trading for this stock 8.87, while it was recorded at 9.37 for the last single week of trading, and 9.51 for the last 200 days.

Insight into DiamondRock Hospitality Company Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and DiamondRock Hospitality Company [DRH] shares currently have an operating margin of -3.95 and a Gross Margin at +10.82. DiamondRock Hospitality Company’s Net Margin is presently recorded at -34.31.

Return on Equity for this stock declined to -12.06, with Return on Assets sitting at -6.37.

DRH Stock EPS

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for DRH. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for DiamondRock Hospitality Company go to -9.50%.

DiamondRock Hospitality Company [DRH] Insider Position Details

There are presently around $2,079 million, or 96.30% of DRH stock, in the hands of institutional investors. The top three institutional holders of DRH stocks are: BLACKROCK INC. with ownership of 40,132,606, which is approximately -0.448% of the company’s market cap and around 2.40% of the total institutional ownership; VANGUARD GROUP INC, holding 35,807,961 shares of the stock with an approximate value of $339.46 million in DRH stocks shares; and STATE STREET CORP, currently with $128.96 million in DRH stock with ownership of nearly 0.477% of the company’s market capitalization.

131 institutional holders increased their position in DiamondRock Hospitality Company [NYSE:DRH] by around 14,250,790 shares. Additionally, 100 investors decreased positions by around 11,986,389 shares, while 29 investors held positions by with 193,026,903 shares. The mentioned changes placed institutional holdings at 219,264,082 shares, according to the latest SEC report filing. DRH stock had 43 new institutional investments in for a total of 3,974,893 shares, while 23 institutional investors sold positions of 3,263,178 shares during the same period.

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