Shares of Drive Shack Inc. (NYSE:DS) traded at a new 52-week high today of $4.02. Approximately 10 million shares have changed hands today, as compared to an average 30-day volume of 2.1 million shares.
Drive Shack Inc is an owner and operator of golf-related leisure and entertainment businesses. The company conducts its business through three primary segments: Traditional Golf properties, Entertainment Golf venues and corporate. The Traditional Golf properties segment operates and owns golf properties. The Entertainment Golf venues segment plans to open a chain of gold, competition, dining, and fun. The Corporate segment consists primarily of investments in loans and securities. The majority of the firm's revenue gets derived from the Traditional Golf Properties segment.
Potential upside of 2.9% exists for Drive Shack Inc., based on a current level of $3.85 and analysts' average consensus price target of $3.96.
In the past 52 weeks, shares of Drive Shack Inc. have traded between a low of $1.07 and a high of $4.02 and is now at $3.85, which is 259% above that low price.
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