In the past week, DAVE stock has gone down by -8.73%, with a monthly gain of 96.35% and a quarterly surge of 169.82%. The volatility ratio for the week is 10.32%, and the volatility levels for the last 30 days are 10.45% for Dave Inc The simple moving average for the past 20 days is 9.49% for DAVE’s stock, with a 111.72% simple moving average for the past 200 days.
Is It Worth Investing in Dave Inc (NASDAQ: DAVE) Right Now?
Dave Inc (NASDAQ: DAVE) has a higher price-to-earnings ratio of 28.89x compared to its average ratio. DAVE has 36-month beta value of 3.54. Analysts have mixed views on the stock, with 5 analysts rating it as a “buy,” 2 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for DAVE is 8.88M, and currently, short sellers hold a 10.23% ratio of that float. The average trading volume of DAVE on December 06, 2024 was 433.27K shares.
DAVE) stock’s latest price update
The stock of Dave Inc (NASDAQ: DAVE) has increased by 1.81 when compared to last closing price of 88.46.Despite this, the company has seen a loss of -8.73% in its stock price over the last five trading days. zacks.com reported 2024-12-04 that Does Dave Inc. (DAVE) have what it takes to be a top stock pick for momentum investors? Let’s find out.
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 55.39% 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 -13.17% of loss for the given period.
Volatility was left at 10.45%, however, over the last 30 days, the volatility rate increased by 10.32%, as shares surge +97.19% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +126.49% upper at present.
During the last 5 trading sessions, DAVE fell by -8.26%, which changed the moving average for the period of 200-days by +306.33% in comparison to the 20-day moving average, which settled at $82.28. In addition, Dave Inc saw 974.12% 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 12,400 shares at the price of $96.00 back on Nov 29 ’24. After this action, Preston Dan now owns 6,360 shares of Dave Inc, valued at $1,190,400 using the latest closing price.
Preston Dan, the Director of Dave Inc, sale 4,235 shares at $96.00 during a trade that took place back on Nov 27 ’24, which means that Preston Dan is holding 18,760 shares at $406,560 based on the most recent closing price.
Stock Fundamentals for DAVE
Current profitability levels for the company are sitting at:
- -0.36 for the present operating margin
- 0.67 for the gross margin
The net margin for Dave Inc stands at 0.13. The total capital return value is set at -0.49. 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 -12.41.
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 3.52. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.81.
Conclusion
To put it simply, Dave Inc (DAVE) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
