Moreover, the 36-month beta value for DAVE is 2.86. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for DAVE is 6.49M and currently, short sellers hold a 10.59% of that float. On June 27, 2024, DAVE’s average trading volume was 160.01K shares.
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DAVE) stock’s latest price update
The stock of Dave Inc (NASDAQ: DAVE) has decreased by -14.75 when compared to last closing price of 35.87.Despite this, the company has seen a loss of -19.88% in its stock price over the last five trading days. businesswire.com reported 2024-06-21 that MARLBOROUGH, Mass.–(BUSINESS WIRE)–BJ’s Wholesale Club Holdings, Inc. (NYSE: BJ) (“BJ’s”), a leading operator of membership warehouse clubs, today announced that Dave Burwick has been named to the company’s board of directors, effective immediately. Mr. Burwick will serve as a member of the company’s Nominating and Corporate Governance Committee. “We are pleased to welcome Dave to our board,” said Bob Eddy, Chairman and Chief Executive Officer. “Dave brings over 30 years of strategic leadersh.
DAVE’s Market Performance
DAVE’s stock has fallen by -19.88% in the past week, with a monthly drop of -27.48% and a quarterly drop of -24.96%. The volatility ratio for the week is 9.59% while the volatility levels for the last 30 days are 9.16% for Dave Inc The simple moving average for the past 20 days is -21.11% for DAVE’s stock, with a 40.03% simple moving average for the past 200 days.
Analysts’ Opinion of DAVE
Many brokerage firms have already submitted their reports for DAVE stocks, with Seaport Research Partners repeating the rating for DAVE by listing it as a “Buy.” The predicted price for DAVE in the upcoming period, according to Seaport Research Partners is $54 based on the research report published on June 10, 2024 of the current year 2024.
B. Riley Securities, on the other hand, stated in their research note that they expect to see DAVE reach a price target of $60. The rating they have provided for DAVE stocks is “Buy” according to the report published on June 07th, 2024.
JMP Securities gave a rating of “Mkt Outperform” to DAVE, setting the target price at $70 in the report published on April 29th of the current year.
DAVE Trading at -27.25% 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 unable to rebound, for now settling with -51.84% of loss for the given period.
Volatility was left at 9.16%, however, over the last 30 days, the volatility rate increased by 9.59%, as shares sank -29.07% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.70% lower at present.
During the last 5 trading sessions, DAVE fell by -19.88%, which changed the moving average for the period of 200-days by +336.23% in comparison to the 20-day moving average, which settled at $38.14. In addition, Dave Inc saw 264.70% 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 POPE MICHAEL W, who sale 7,851 shares at the price of $35.53 back on Jun 11 ’24. After this action, POPE MICHAEL W now owns 22,063 shares of Dave Inc, valued at $278,973 using the latest closing price.
POPE MICHAEL W, the Director of Dave Inc, sale 7,851 shares at $36.32 during a trade that took place back on Jun 10 ’24, which means that POPE MICHAEL W is holding 29,914 shares at $285,128 based on the most recent closing price.
Stock Fundamentals for DAVE
Current profitability levels for the company are sitting at:
- -0.9 for the present operating margin
- 0.72 for the gross margin
The net margin for Dave Inc stands at -0.0. The total capital return value is set at -1.2. Equity return is now at value -0.20, with -0.08 for asset returns.
Based on Dave Inc (DAVE), the company’s capital structure generated 0.37 points at debt to capital in total, while cash flow to debt ratio is standing at 0.78. The debt to equity ratio resting at 0.59. The interest coverage ratio of the stock is -21.74.
Currently, EBITDA for the company is -36.66 million with net debt to EBITDA at -1.31. When we switch over and look at the enterprise to sales, we see a ratio of 1.46. The receivables turnover for the company is 2.61for trailing twelve months and the total asset turnover is 1.16. The liquidity ratio also appears to be rather interesting for investors as it stands at 7.47.
Conclusion
To wrap up, the performance of Dave Inc (DAVE) has been mixed in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. 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.
