Endava plc ADR [DAVA] stock prices are up 7.76% to $31.25 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The DAVA shares have gain 4.17% over the last week, with a monthly amount drifted -15.08%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Endava plc ADR [NYSE: DAVA] stock has seen the most recent analyst activity on May 01, 2024, when HSBC Securities upgraded its rating to a Buy but kept the price target unchanged to $45 for it. Previously, JP Morgan upgraded its rating to Overweight on March 19, 2024, and kept the price target unchanged to $49. On March 19, 2024, Guggenheim initiated with a Buy rating and assigned a price target of $60 on the stock. Citigroup downgraded its rating to a Neutral and decreased its price target to $40 on March 01, 2024. Morgan Stanley downgraded its rating to a Equal-Weight and raised its price target to $80 on January 24, 2024. HSBC Securities downgraded its rating to Hold for this stock on January 08, 2024, and upped its price target to $80. In a note dated December 08, 2023, JP Morgan initiated an Neutral rating and provided a target price of $77 on this stock.
The stock price of Endava plc ADR [DAVA] has been fluctuating between $28.99 and $81.06 over the past year. Currently, Wall Street analysts expect the stock to reach $72.2 within the next 12 months. Endava plc ADR [NYSE: DAVA] shares were valued at $31.25 at the most recent close of the market. An investor can expect a potential return of 131.04% based on the average DAVA price forecast.
Analyzing the DAVA fundamentals
The Endava plc ADR [NYSE:DAVA] reported sales of 951.05M for trailing twelve months, representing a drop of -5.41%. Gross Profit Margin for this corporation currently stands at 0.29% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.12 and Total Capital is 0.11. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.1.
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 29.98 points at the first support level, and at 28.71 for the second support level. However, for the 1st resistance point, the stock is sitting at 32.03, and for the 2nd resistance point, it is at 32.81.
Ratios To Look Out For
It’s worth pointing out that Endava plc ADR [NYSE:DAVA]’s Current Ratio is 3.33. In addition, the Quick Ratio stands at 3.33 and the Cash Ratio stands at 1.78. Considering the valuation of this stock, the price to sales ratio is 1.37, the price to book ratio is 1.65 and price to earnings (TTM) ratio is 21.55.
