Endava plc ADR (NYSE: DAVA)’s stock price has gone decline by -4.27 in comparison to its previous close of 33.17, however, the company has experienced a 1.94% increase in its stock price over the last five trading days. 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 price-to-earnings ratio that is above its average at 21.90x. The stock has a 36-month beta value of 1.25. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 1 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for DAVA is 41.77M, and at present, short sellers hold a 1.70% of that float. On May 09, 2024, the average trading volume of DAVA was 731.38K shares.
DAVA’s Market Performance
DAVA’s stock has seen a 1.94% increase for the week, with a -0.77% drop in the past month and a -53.95% fall in the past quarter. The volatility ratio for the week is 3.54%, and the volatility levels for the past 30 days are at 3.51% for Endava plc ADR The simple moving average for the past 20 days is 3.52% for DAVA’s stock, with a -41.79% simple moving average for the past 200 days.
Analysts’ Opinion of DAVA
Many brokerage firms have already submitted their reports for DAVA stocks, with HSBC Securities repeating the rating for DAVA by listing it as a “Buy.” The predicted price for DAVA in the upcoming period, according to HSBC Securities is $45 based on the research report published on May 01, 2024 of the current year 2024.
JP Morgan, on the other hand, stated in their research note that they expect to see DAVA reach a price target of $49. The rating they have provided for DAVA stocks is “Overweight” according to the report published on March 19th, 2024.
Guggenheim gave a rating of “Buy” to DAVA, setting the target price at $60 in the report published on March 19th of the current year.
DAVA Trading at -8.96% 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 -60.83% of loss for the given period.
Volatility was left at 3.51%, however, over the last 30 days, the volatility rate increased by 3.54%, as shares surge +0.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -50.56% lower at present.
During the last 5 trading sessions, DAVA rose by +1.28%, which changed the moving average for the period of 200-days by -41.88% in comparison to the 20-day moving average, which settled at $30.68. In addition, Endava plc ADR saw -59.21% 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 1.75. 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 sum up, Endava plc ADR (DAVA) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
