Endava plc ADR (DAVA) Shares Down Despite Recent Market Volatility

Endava plc ADR (NYSE: DAVA)’s stock price has decreased by -2.34 compared to its previous closing price of 37.68. However, the company has seen a -4.81% decrease in its stock price over the last five trading sessions. InvestorPlace reported 2024-03-12 that The stock market is on fire, with growth stocks hitting new highs almost every day. Sectors such as artificial intelligence and semiconductors are enjoying tremendous momentum right now.

Is It Worth Investing in Endava plc ADR (NYSE: DAVA) Right Now?

Endava plc ADR (NYSE: DAVA) has a higher price-to-earnings ratio of 25.38x compared to its average ratio. DAVA has 36-month beta value of 1.08. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 1 as “overweight,” 4 as “hold,” and 0 as “sell.”

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The public float for DAVA is 41.77M, and currently, short sellers hold a 1.05% ratio of that float. The average trading volume of DAVA on April 03, 2024 was 536.68K shares.

DAVA’s Market Performance

DAVA stock saw a decrease of -4.81% in the past week, with a monthly decline of -5.88% and a quarterly a decrease of -52.73%. The volatility ratio for the week is 2.68%, and the volatility levels for the last 30 days are 3.76% for Endava plc ADR (DAVA). The simple moving average for the last 20 days is -1.98% for DAVA stock, with a simple moving average of -35.97% for the last 200 days.

Analysts’ Opinion of DAVA

Many brokerage firms have already submitted their reports for DAVA stocks, with JP Morgan repeating the rating for DAVA by listing it as a “Overweight.” The predicted price for DAVA in the upcoming period, according to JP Morgan is $49 based on the research report published on March 19, 2024 of the current year 2024.

Guggenheim, on the other hand, stated in their research note that they expect to see DAVA reach a price target of $60. The rating they have provided for DAVA stocks is “Buy” according to the report published on March 19th, 2024.

Citigroup gave a rating of “Neutral” to DAVA, setting the target price at $40 in the report published on March 01st of the current year.

DAVA Trading at -34.22% from the 50-Day Moving Average

After a stumble in the market that brought DAVA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -54.60% of loss for the given period.

Volatility was left at 3.76%, however, over the last 30 days, the volatility rate increased by 2.68%, as shares sank -3.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -53.36% lower at present.

During the last 5 trading sessions, DAVA fell by -4.81%, which changed the moving average for the period of 200-days by -26.50% in comparison to the 20-day moving average, which settled at $37.48. In addition, Endava plc ADR saw -52.73% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for DAVA

Current profitability levels for the company are sitting at:

  • 0.1 for the present operating margin
  • 0.29 for the gross margin

The net margin for Endava plc ADR stands at 0.09. The total capital return value is set at 0.11. Equity return is now at value 12.03, with 9.06 for asset returns.

Based on Endava plc ADR (DAVA), the company’s capital structure generated 0.09 points at debt to capital in total, while cash flow to debt ratio is standing at 1.85. The debt to equity ratio resting at 0.1. The interest coverage ratio of the stock is -258.95.

Currently, EBITDA for the company is 129.71 million with net debt to EBITDA at -1.94. When we switch over and look at the enterprise to sales, we see a ratio of 2.05. The receivables turnover for the company is 4.43for trailing twelve months and the total asset turnover is 0.96. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.33.

Conclusion

To put it simply, Endava plc ADR (DAVA) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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