Dave Inc [DAVE] stock is trading at $36.00, up 64.38%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The DAVE shares have gain 41.73% over the last week, with a monthly amount glided 63.56%, and seem to be holding up well over a long-time horizon.
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On 5, March 2024, Dave Reports Record Fourth Quarter and Full Year 2023 Results; Reaches Significant Quarterly Profitability Milestone. In a post published today on Yahoo Finance, Revenue growth accelerates in Q4 to drive record Total RevenueAchieves Profitability with Q4 GAAP Net Income of $0.2 Million andQ4 Adjusted EBITDA of $10.0 MillionResults outperform guidance across all metrics.
From an analyst’s perspective:
Dave Inc [NASDAQ: DAVE] stock has seen the most recent analyst activity on April 25, 2022, when Jefferies initiated its Hold rating and assigned the stock a price target of $5.
Dave Inc [DAVE] stock has fluctuated between $4.47 and $27.94 over the past year. Currently, Wall Street analysts expect the stock to reach $0.15625 within the next 12 months. Dave Inc [NASDAQ: DAVE] shares were valued at $36.00 at the most recent close of the market. An investor can expect a potential drop of -99.57% based on the average DAVE price forecast.
Analyzing the DAVE fundamentals
Dave Inc [NASDAQ:DAVE] reported sales of 245.57M for the trailing twelve months, which represents a growth of 15.85%. Gross Profit Margin for this corporation currently stands at 0.88% with Operating Profit Margin at -0.73%, Pretax Profit Margin comes in at -0.29%, and Net Profit Margin reading is -0.29%. To continue investigating profitability, this company’s Return on Assets is posted at -0.24, Equity is -0.76 and Total Capital is -0.69. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.28.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 28.66 points at the first support level, and at 21.33 for the second support level. However, for the 1st resistance point, the stock is sitting at 39.91, and for the 2nd resistance point, it is at 43.83.
Dave Inc [DAVE] reported earnings per share of -$1.32 for its fiscal quarter that ended on 6/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$1.97/share, meaning a difference of $0.65 and a surprise factor of 33.00%. By comparison, the stated earnings for the previous quarter ended on 3/30/2023 were -$1.19 per share as compared to estimates of -$1.72 per share, a difference of $0.53 representing a surprise of 30.80%.
Ratios To Look Out For
For context, Dave Inc’s Current Ratio is 7.98. As well, the Quick Ratio is 7.98, while the Cash Ratio is 1.25. Considering the valuation of this stock, the price to sales ratio is 1.77, the price to book ratio is 5.48.
Transactions by insiders
Recent insider trading involved Rozov Yadin, Director, that happened on Dec 04 when 12941.0 shares were purchased. CFO and Secretary, Beilman Kyle completed a deal on Sep 07 to sell 2350.0 shares. Meanwhile, Chief Executive Officer Wilk Jason sold 1263.0 shares on Sep 07.
