The stock of Dave Inc (DAVE) has seen a 33.19% increase in the past week, with a 29.89% gain in the past month, and a 172.54% flourish in the past quarter. The volatility ratio for the week is 11.16%, and the volatility levels for the past 30 days are at 8.35% for DAVE. The simple moving average for the past 20 days is 29.44% for DAVE’s stock, with a 231.60% simple moving average for the past 200 days.
Is It Worth Investing in Dave Inc (NASDAQ: DAVE) Right Now?
The stock has a 36-month beta value of 3.05. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for DAVE is 5.97M, and at present, short sellers hold a 11.51% of that float. On April 30, 2024, the average trading volume of DAVE was 111.96K shares.
DAVE) stock’s latest price update
Dave Inc (NASDAQ: DAVE)’s stock price has gone rise by 10.34 in comparison to its previous close of 43.72, however, the company has experienced a 33.19% increase in its stock price over the last five trading days. InvestorPlace reported 2024-04-19 that Small-cap stocks tend to outperform their larger brethren over time. After several years of underperformance, it looked like the little guys were going to start winning again.
Analysts’ Opinion of DAVE
Barrington Research, on the other hand, stated in their research note that they expect to see DAVE reach a price target of $45. The rating they have provided for DAVE stocks is “Outperform” according to the report published on April 23rd, 2024.
DAVE Trading at 43.48% from the 50-Day Moving Average
After a stumble in the market that brought DAVE to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 5.47% of gains for the given period.
Volatility was left at 8.35%, however, over the last 30 days, the volatility rate increased by 11.16%, as shares surge +34.00% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +112.04% upper at present.
During the last 5 trading sessions, DAVE rose by +33.19%, which changed the moving average for the period of 200-days by +675.56% in comparison to the 20-day moving average, which settled at $37.88. In addition, Dave Inc saw 475.31% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at DAVE starting from Beilman Kyle, who sale 4,188 shares at the price of $33.26 back on Mar 14 ’24. After this action, Beilman Kyle now owns 189,143 shares of Dave Inc, valued at $139,293 using the latest closing price.
Wilk Jason, the Chief Executive Officer of Dave Inc, sale 2,400 shares at $33.26 during a trade that took place back on Mar 14 ’24, which means that Wilk Jason is holding 106,370 shares at $79,824 based on the most recent closing price.
Stock Fundamentals for DAVE
Current profitability levels for the company are sitting at:
- -0.6 for the present operating margin
- 0.8 for the gross margin
The net margin for Dave Inc stands at -0.19. The total capital return value is set at -0.58. Equity return is now at value -50.09, with -15.76 for asset returns.
Based on Dave Inc (DAVE), the company’s capital structure generated 0.67 points at debt to capital in total, while cash flow to debt ratio is standing at 0.19. The debt to equity ratio resting at 2.08. The interest coverage ratio of the stock is -14.48.
Currently, EBITDA for the company is -36.66 million with net debt to EBITDA at -3.97. When we switch over and look at the enterprise to sales, we see a ratio of 2.84. The receivables turnover for the company is 2.3for trailing twelve months and the total asset turnover is 0.88. The liquidity ratio also appears to be rather interesting for investors as it stands at 10.81.
Conclusion
To sum up, Dave Inc (DAVE) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
