The stock of Dave Inc (DAVE) has seen a 17.98% increase in the past week, with a 134.82% gain in the past month, and a 146.65% flourish in the past quarter. The volatility ratio for the week is 8.32%, and the volatility levels for the past 30 days are at 8.80% for DAVE. The simple moving average for the last 20 days is 37.11% for DAVE stock, with a simple moving average of 127.19% for the last 200 days.
Is It Worth Investing in Dave Inc (NASDAQ: DAVE) Right Now?
The price-to-earnings ratio for Dave Inc (NASDAQ: DAVE) is above average at 29.52x. The 36-month beta value for DAVE is also noteworthy at 3.38. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 2 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for DAVE is 8.87M, and at present, short sellers hold a 10.24% of that float. The average trading volume of DAVE on November 27, 2024 was 385.60K shares.
DAVE) stock’s latest price update
The stock price of Dave Inc (NASDAQ: DAVE) has surged by 4.71 when compared to previous closing price of 87.89, but the company has seen a 17.98% gain in its stock price over the last five trading sessions. zacks.com reported 2024-11-27 that There have been several stocks that have doubled in short order following Election Day. The risk-on behavior the broad market has seen is beginning to call upon those animal spirits in all of us.
Analysts’ Opinion of DAVE
Many brokerage firms have already submitted their reports for DAVE stocks, with The Benchmark Company repeating the rating for DAVE by listing it as a “Buy.” The predicted price for DAVE in the upcoming period, according to The Benchmark Company is $53 based on the research report published on August 12, 2024 of the current year 2024.
Lake Street, on the other hand, stated in their research note that they expect to see DAVE reach a price target of $53. The rating they have provided for DAVE stocks is “Buy” according to the report published on July 26th, 2024.
Seaport Research Partners gave a rating of “Buy” to DAVE, setting the target price at $54 in the report published on June 10th of the current year.
DAVE Trading at 77.29% 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 -3.09% of loss for the given period.
Volatility was left at 8.80%, however, over the last 30 days, the volatility rate increased by 8.32%, as shares surge +130.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +140.37% upper at present.
During the last 5 trading sessions, DAVE rose by +18.12%, which changed the moving average for the period of 200-days by +345.74% in comparison to the 20-day moving average, which settled at $67.13. In addition, Dave Inc saw 997.51% 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 Preston Dan, who sale 9,765 shares at the price of $79.09 back on Nov 13 ’24. After this action, Preston Dan now owns 22,995 shares of Dave Inc, valued at $772,314 using the latest closing price.
Preston Dan, the Director of Dave Inc, sale 2,360 shares at $64.00 during a trade that took place back on Nov 12 ’24, which means that Preston Dan is holding 22,995 shares at $151,040 based on the most recent closing price.
Stock Fundamentals for DAVE
Current profitability levels for the company are sitting at:
- -0.38 for the present operating margin
- 0.22 for the gross margin
The net margin for Dave Inc stands at 0.13. The total capital return value is set at -0.5. Equity return is now at value 35.12, with 14.56 for asset returns.
Based on Dave Inc (DAVE), the company’s capital structure generated 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at 198.51. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is -12.69.
Currently, EBITDA for the company is -31.08 million with net debt to EBITDA at -1.42. When we switch over and look at the enterprise to sales, we see a ratio of 3.7. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.81.
Conclusion
In summary, Dave Inc (DAVE) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
