Dave Inc [DAVE] stock is trading at $41.24, down -4.49%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The DAVE shares have gain 3.31% over the last week, with a monthly amount glided 21.80%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Dave Inc [NASDAQ: DAVE] stock has seen the most recent analyst activity on August 12, 2024, when The Benchmark Company initiated its Buy rating and assigned the stock a price target of $53. Previously, Lake Street started tracking the stock with Buy rating on July 26, 2024, and set its price target to $53. On June 10, 2024, Seaport Research Partners initiated with a Buy rating and assigned a price target of $54 on the stock. B. Riley Securities started tracking the stock assigning a Buy rating and suggested a price target of $60 on June 07, 2024. JMP Securities initiated its recommendation with a Mkt Outperform and recommended $70 as its price target on April 29, 2024. Barrington Research upgraded its rating to Outperform for this stock on April 23, 2024, but kept the price target unchanged to $45. In a note dated March 15, 2024, Barrington Research initiated an Mkt Perform rating.
Dave Inc [DAVE] stock has fluctuated between $4.72 and $63.50 over the past year. Currently, Wall Street analysts expect the stock to reach $41.83 within the next 12 months. Dave Inc [NASDAQ: DAVE] shares were valued at $41.24 at the most recent close of the market. An investor can expect a potential return of 1.43% based on the average DAVE price forecast.
Analyzing the DAVE fundamentals
Dave Inc [NASDAQ:DAVE] reported sales of 292.76M for the trailing twelve months, which represents a growth of 30.84%. Gross Profit Margin for this corporation currently stands at 0.65% with Operating Profit Margin at -0.37%, Pretax Profit Margin comes in at 0.1%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.12, Equity is 0.26 and Total Capital is -0.5. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.53.
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 40.21 points at the first support level, and at 39.17 for the second support level. However, for the 1st resistance point, the stock is sitting at 42.16, and for the 2nd resistance point, it is at 43.07.
Ratios To Look Out For
For context, Dave Inc’s Current Ratio is 8.67. In addition, the Quick Ratio stands at 8.67 and the Cash Ratio stands at 1.84. Considering the valuation of this stock, the price to sales ratio is 1.78, the price to book ratio is 3.67 and price to earnings (TTM) ratio is 19.87.
Transactions by insiders
Recent insider trading involved POPE MICHAEL W, Director, that happened on Jun 10 ’24 when 7851.0 shares were sold. Director, POPE MICHAEL W completed a deal on Jun 11 ’24 to sell 7851.0 shares. Meanwhile, Director Preston Dan sold 14770.0 shares on Jun 06 ’24.
