The price-to-earnings ratio for Dave Inc (NASDAQ: DAVE) is above average at 31.02x, Company’s 36-month beta value is 3.55.Analysts have differing opinions on the stock, with 5 analysts rating it as a “buy,” 2 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for DAVE is 8.90M, and currently, short sellers hold a 11.97% ratio of that floaft. The average trading volume of DAVE on December 26, 2024 was 480.65K shares.
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DAVE) stock’s latest price update
Dave Inc (NASDAQ: DAVE)’s stock price has soared by 8.97 in relation to previous closing price of 88.73. Nevertheless, the company has seen a loss of -5.93% in its stock price over the last five trading days. zacks.com reported 2024-12-25 that DAVE INC (DAVE) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen.
DAVE’s Market Performance
Dave Inc (DAVE) has experienced a -5.93% fall in stock performance for the past week, with a 13.38% rise in the past month, and a 140.59% rise in the past quarter. The volatility ratio for the week is 11.43%, and the volatility levels for the past 30 days are at 10.19% for DAVE. The simple moving average for the past 20 days is 6.27% for DAVE’s stock, with a 108.89% simple moving average for the past 200 days.
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 38.65% 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 -10.88% of loss for the given period.
Volatility was left at 10.19%, however, over the last 30 days, the volatility rate increased by 11.43%, as shares surge +13.46% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +120.70% upper at present.
During the last 5 trading sessions, DAVE fell by -6.99%, which changed the moving average for the period of 200-days by +187.34% in comparison to the 20-day moving average, which settled at $90.93. In addition, Dave Inc saw 1066.37% 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 3.75. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.81.
Conclusion
In a nutshell, Dave Inc (DAVE) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
